Ethan Allen Interiors (NYSE:ETD) Upgraded at Zacks Research

Zacks Research upgraded shares of Ethan Allen Interiors (NYSE:ETD) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms also recently commented on ETD. Wall Street Zen raised shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Telsey Advisory Group lowered their price target on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Ethan Allen Interiors Stock Performance

ETD opened at $22.68 on Wednesday. The company’s 50-day simple moving average is $22.63 and its two-hundred day simple moving average is $23.96. The stock has a market capitalization of $577.08 million, a P/E ratio of 13.18 and a beta of 1.16. Ethan Allen Interiors has a 52-week low of $21.20 and a 52-week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $149.92 million during the quarter, compared to analyst estimates of $152.25 million. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. Research analysts forecast that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

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

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors 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 completion of the sale, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.92% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Dakota Wealth Management increased its stake in shares of Ethan Allen Interiors by 2.5% in the 4th quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock worth $400,000 after purchasing an additional 430 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Ethan Allen Interiors by 6.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock valued at $253,000 after purchasing an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ethan Allen Interiors by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after purchasing an additional 538 shares in the last quarter. Federated Hermes Inc. grew its holdings in Ethan Allen Interiors by 2.2% during the third quarter. Federated Hermes Inc. now owns 24,543 shares of the company’s stock valued at $723,000 after purchasing an additional 539 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Ethan Allen Interiors by 6.2% during the third quarter. Exchange Traded Concepts LLC now owns 9,432 shares of the company’s stock valued at $278,000 after purchasing an additional 549 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

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.