Telsey Advisory Group Cuts Ethan Allen Interiors (NYSE:ETD) Price Target to $27.00

Ethan Allen Interiors (NYSE:ETD) had its price target lowered by Telsey Advisory Group from $28.00 to $27.00 in a research report report published on Thursday, MarketBeat.com reports. Telsey Advisory Group currently has a market perform rating on the stock.

ETD has been the topic of a number of other research reports. Weiss Ratings lowered shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $27.00.

Ethan Allen Interiors Stock Performance

ETD stock opened at $22.94 on Thursday. The company has a market capitalization of $583.82 million, a PE ratio of 13.34 and a beta of 1.16. Ethan Allen Interiors has a 52 week low of $21.67 and a 52 week high of $31.90. The company’s 50-day simple moving average is $23.85 and its 200 day simple moving average is $26.51.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The firm had revenue of $149.92 million for the quarter, compared to analysts’ expectations of $152.25 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. On average, analysts forecast that Ethan Allen Interiors will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be given a $0.39 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $1.56 annualized dividend and a yield of 6.8%. Ethan Allen Interiors’s payout ratio is presently 90.70%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $54,221.68. Following the completion of the sale, the chief executive officer directly owned 1,483,228 shares in the company, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 9.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH raised its holdings in shares of Ethan Allen Interiors by 5.1% during the second quarter. Allianz Asset Management GmbH now owns 7,783 shares of the company’s stock valued at $217,000 after acquiring an additional 377 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Ethan Allen Interiors by 44.0% during the 2nd quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock valued at $36,000 after purchasing an additional 399 shares in the last quarter. Dakota Wealth Management increased its position in shares of Ethan Allen Interiors by 2.5% during the fourth quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock valued at $400,000 after buying an additional 430 shares during the period. Unison Advisors LLC raised its stake in Ethan Allen Interiors by 1.5% in the second quarter. Unison Advisors LLC now owns 31,330 shares of the company’s stock worth $873,000 after buying an additional 458 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Ethan Allen Interiors by 6.2% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock worth $253,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.