Ethan Allen Interiors (NYSE:ETD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ethan Allen Interiors (NYSE:ETD) from a sell rating to a hold rating in a research report report published on Sunday morning.

ETD has been the subject of several other research reports. Weiss Ratings upgraded Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Zacks Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Finally, Telsey Advisory Group reduced their target price on shares of 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 research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

Ethan Allen Interiors Stock Down 0.2%

Shares of ETD stock opened at $22.52 on Friday. The firm has a market cap of $573.13 million, a P/E ratio of 13.09 and a beta of 1.19. The company has a 50 day moving average of $23.65 and a 200-day moving average of $25.56. Ethan Allen Interiors has a 12-month low of $21.67 and a 12-month high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 EPS 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 business had revenue of $149.92 million for the quarter, compared to the consensus estimate of $152.25 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. Ethan Allen Interiors’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities analysts expect that Ethan Allen Interiors will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Wednesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 90.70%.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 1,483,228 shares of the company’s stock, valued at approximately $37,095,532.28. This represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.92% of the company’s stock.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds have recently bought and sold shares of ETD. SG Capital Management LLC purchased a new position in Ethan Allen Interiors in the 2nd quarter worth approximately $8,087,000. Balyasny Asset Management L.P. bought a new stake in shares of Ethan Allen Interiors during the 2nd quarter worth $5,845,000. JPMorgan Chase & Co. grew its position in Ethan Allen Interiors by 260.1% in the third quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company’s stock worth $5,647,000 after acquiring an additional 138,452 shares in the last quarter. Millennium Management LLC increased its stake in Ethan Allen Interiors by 198.3% in the fourth quarter. Millennium Management LLC now owns 206,945 shares of the company’s stock valued at $4,727,000 after acquiring an additional 137,566 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Ethan Allen Interiors by 42.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 391,769 shares of the company’s stock valued at $11,542,000 after acquiring an additional 117,047 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

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.