Ethan Allen Interiors (NYSE:ETD) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Ethan Allen Interiors (NYSE:ETDGet Rating) from a buy rating to a hold rating in a research note released on Monday.

Separately, Zacks Investment Research cut shares of Ethan Allen Interiors from a buy rating to a hold rating in a report on Tuesday, May 3rd.

NYSE ETD opened at $24.77 on Monday. The stock has a market capitalization of $627.23 million, a P/E ratio of 7.04 and a beta of 1.10. Ethan Allen Interiors has a 52-week low of $22.02 and a 52-week high of $32.15. The firm has a 50-day moving average price of $25.88 and a 200 day moving average price of $25.30.

Ethan Allen Interiors (NYSE:ETDGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.17. The firm had revenue of $197.66 million during the quarter, compared to analysts’ expectations of $197.10 million. Ethan Allen Interiors had a net margin of 11.73% and a return on equity of 24.15%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. On average, equities research analysts predict that Ethan Allen Interiors will post 3.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Shareholders of record on Tuesday, May 10th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, May 9th. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 5.17%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 32.95%.

Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Ethan Allen Interiors in the first quarter valued at approximately $11,583,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Ethan Allen Interiors in the first quarter valued at approximately $7,425,000. Royce & Associates LP acquired a new stake in shares of Ethan Allen Interiors in the first quarter valued at approximately $5,933,000. Truist Financial Corp acquired a new stake in shares of Ethan Allen Interiors in the first quarter valued at approximately $5,021,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Ethan Allen Interiors in the first quarter valued at approximately $4,285,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Ethan Allen Interiors Company Profile (Get Rating)

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.

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