Ethan Allen Interiors (NYSE:ETD) Rating Lowered to “Sell” at Wall Street Zen

Ethan Allen Interiors (NYSE:ETD) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other analysts have also recently weighed in on the stock. Zacks Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings upgraded Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, Telsey Advisory Group cut their target price on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.00.

Ethan Allen Interiors Stock Up 0.9%

Shares of ETD opened at $23.59 on Friday. Ethan Allen Interiors has a 52-week low of $21.67 and a 52-week high of $31.41. The stock has a fifty day simple moving average of $23.79 and a two-hundred day simple moving average of $25.96. The company has a market capitalization of $600.26 million, a PE ratio of 13.71 and a beta of 1.20.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. The firm had revenue of $149.92 million during the quarter, compared to analyst estimates of $152.25 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Ethan Allen Interiors’s quarterly revenue was down 4.7% on a year-over-year basis. As a group, equities analysts anticipate that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 2,168 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $54,221.68. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its stake in Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after buying an additional 2,398 shares during the period. Nisa Investment Advisors LLC boosted its position in Ethan Allen Interiors by 76.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock valued at $120,000 after buying an additional 2,267 shares during the period. CWM LLC grew its stake in shares of Ethan Allen Interiors by 391.4% in the third quarter. CWM LLC now owns 4,236 shares of the company’s stock worth $125,000 after acquiring an additional 3,374 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ethan Allen Interiors by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock worth $130,000 after acquiring an additional 1,565 shares during the period. Finally, AlphaQuest LLC increased its position in shares of Ethan Allen Interiors by 106.0% during the third quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock worth $135,000 after acquiring an additional 2,359 shares during the period. Institutional investors and hedge funds 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.