Ethan Allen Interiors (NYSE:ETD) Trading Down 1.3% – Here’s Why

by · The Markets Daily

Ethan Allen Interiors Inc. (NYSE:ETD – Get Free Report) shares were down 1.3% on Tuesday . The stock traded as low as $22.92 and last traded at $23.0030. Approximately 429,183 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 282,984 shares. The stock had previously closed at $23.31.

Wall Street Analysts Forecast Growth

ETD has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ethan Allen Interiors in a report on Monday. Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating for the company in a research report on Thursday, October 30th. Finally, Zacks Research downgraded Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ethan Allen Interiors currently has an average rating of “Reduce” and a consensus price target of $28.00.

Read Our Latest Analysis on ETD

Ethan Allen Interiors Price Performance

The business has a fifty day moving average of $24.40 and a 200-day moving average of $27.36. The stock has a market cap of $591.98 million, a PE ratio of 12.58 and a beta of 1.17.

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

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders 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 dividend on an annualized basis and a yield of 6.7%. Ethan Allen Interiors’s payout ratio is currently 84.32%.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total transaction of $420,150.00. Following the transaction, the chief executive officer owned 1,583,652 shares in the company, valued at approximately $44,358,092.52. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.92% of the stock is owned by insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

Several institutional investors have recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in Ethan Allen Interiors by 44.0% in the 2nd quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock valued at $36,000 after purchasing an additional 399 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after acquiring an additional 2,398 shares in the last quarter. AlphaQuest LLC grew its stake in Ethan Allen Interiors by 344.8% during the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock valued at $94,000 after acquiring an additional 2,634 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. Finally, Quarry LP lifted its position in Ethan Allen Interiors by 72.2% during the first quarter. Quarry LP now owns 4,484 shares of the company’s stock worth $124,000 after buying an additional 1,880 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Company Profile

(Get Free Report)

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.

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