Ethan Allen Interiors (NYSE:ETD) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research note released on Thursday morning,Benzinga reports. The firm currently has a $28.00 price objective on the stock.

Other analysts have also issued research reports about the company. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. 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. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $28.00.

Ethan Allen Interiors Trading Down 0.7%

Shares of NYSE:ETD opened at $24.78 on Thursday. The stock has a market capitalization of $630.65 million, a P/E ratio of 13.39 and a beta of 1.16. The stock’s 50-day moving average price is $23.67 and its 200-day moving average price is $26.78. Ethan Allen Interiors has a 12-month low of $21.67 and a 12-month high of $32.61.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. The company had revenue of $146.98 million during the quarter, compared to the consensus estimate of $149.15 million. During the same period last year, the firm posted $0.58 EPS. The company’s revenue was down 4.8% on a year-over-year basis. As a group, research analysts predict that Ethan Allen Interiors will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $0.39 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.56 annualized dividend and a yield of 6.3%. Ethan Allen Interiors’s payout ratio is 84.32%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc lifted its position in shares of Ethan Allen Interiors by 44.0% in the 2nd quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock worth $36,000 after purchasing an additional 399 shares during the period. Tower Research Capital LLC TRC raised its stake in Ethan Allen Interiors by 365.5% in the second 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 in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Ethan Allen Interiors by 76.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock worth $120,000 after buying an additional 2,267 shares during the period. CWM LLC lifted its holdings in 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 buying an additional 3,374 shares during the period. Finally, AlphaQuest LLC boosted its position in Ethan Allen Interiors by 106.0% during the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock valued at $135,000 after acquiring an additional 2,359 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

Ethan Allen Interiors Company Profile

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.