Ethan Allen Interiors (NYSE:ETD) Lowered to Sell Rating by Wall Street Zen

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

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

Ethan Allen Interiors Price Performance

NYSE:ETD opened at $23.59 on Friday. The firm has a market capitalization of $600.26 million, a P/E ratio of 13.71 and a beta of 1.20. The company’s fifty day moving average price is $23.79 and its 200-day moving average price is $25.96. Ethan Allen Interiors has a 1-year low of $21.67 and a 1-year high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping 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 company had revenue of $149.92 million for the quarter, compared to the consensus estimate of $152.25 million. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities analysts anticipate that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 2,168 shares of Ethan Allen Interiors stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the sale, the chief executive officer directly owned 1,483,228 shares of the company’s stock, valued at $37,095,532.28. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 9.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in shares of 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 valued at $85,000 after buying an additional 2,398 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Ethan Allen Interiors by 76.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock valued at $120,000 after acquiring an additional 2,267 shares in the last quarter. CWM LLC raised its holdings in Ethan Allen Interiors by 391.4% in the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $125,000 after acquiring an additional 3,374 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ethan Allen Interiors by 38.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock worth $130,000 after purchasing an additional 1,565 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in Ethan Allen Interiors by 106.0% in the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock worth $135,000 after purchasing an additional 2,359 shares in the last quarter. Hedge funds and other institutional investors 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.