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

Wall Street Zen lowered shares of Ethan Allen Interiors (NYSE:ETD) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Other equities analysts have also recently issued reports about the company. Weiss Ratings upgraded Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 29th. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Finally, Telsey Advisory Group decreased their price target on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.00.

Ethan Allen Interiors Stock Down 1.1%

NYSE:ETD traded down $0.19 on Friday, hitting $17.52. The stock had a trading volume of 651,108 shares, compared to its average volume of 623,876. Ethan Allen Interiors has a 52 week low of $17.34 and a 52 week high of $25.26. The business’s fifty day moving average is $20.61 and its 200 day moving average is $21.84. The company has a market cap of $441.53 million, a PE ratio of 14.36 and a beta of 1.09.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Monday, November 9th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.16). The firm had revenue of $129.60 million for the quarter, compared to the consensus estimate of $135.60 million. Ethan Allen Interiors had a net margin of 5.54% and a return on equity of 6.44%. The company’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 EPS. Equities analysts predict that Ethan Allen Interiors will post 0.90 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be paid a $0.20 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.80 annualized dividend and a yield of 4.6%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 127.87%.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Kathwari sold 1,063 shares of Ethan Allen Interiors stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $25.04, for a total transaction of $26,617.52. Following the transaction, the chief executive officer owned 22,077 shares of the company’s stock, valued at $552,808.08. This trade represents a 4.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.92% of the company’s stock.

Hedge Funds Weigh In On Ethan Allen Interiors

Institutional investors have recently modified their holdings of the business. Allworth Financial LP bought a new stake in Ethan Allen Interiors during the second quarter worth $30,000. Global Retirement Partners LLC boosted its position in Ethan Allen Interiors by 363.7% in the third quarter. Global Retirement Partners LLC now owns 1,521 shares of the company’s stock worth $32,000 after purchasing an additional 1,193 shares during the last quarter. NewEdge Advisors LLC bought a new position in Ethan Allen Interiors in the 2nd quarter valued at $67,000. Signaturefd LLC grew its stake in Ethan Allen Interiors by 100.5% in the 3rd quarter. Signaturefd LLC now owns 3,734 shares of the company’s stock valued at $78,000 after purchasing an additional 1,872 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Ethan Allen Interiors by 132.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock valued at $87,000 after purchasing an additional 2,219 shares during the period. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc. is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related home products. Its offerings include upholstered and wood furniture, rugs, lighting, bedding and decorative accessories for living rooms, dining rooms, bedrooms and other spaces. The company also provides interior design services through its design centers, where customers can work with designers on individual purchases or coordinated home furnishings.