Ethan Allen Interiors’ (ETD) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $32.00 target price on the stock.

Separately, Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $28.79 on Friday. The firm has a fifty day moving average of $29.13 and a 200 day moving average of $29.81. The firm has a market cap of $732.00 million, a PE ratio of 11.65 and a beta of 1.31. Ethan Allen Interiors has a one year low of $26.53 and a one year high of $35.62.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.56 annualized dividend and a dividend yield of 5.42%. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at approximately $48,100,706.85. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.48% of the stock is owned by corporate insiders.

Institutional Trading of Ethan Allen Interiors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ETD. Quarry LP acquired a new stake in Ethan Allen Interiors during the third quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ethan Allen Interiors during the third quarter worth about $50,000. nVerses Capital LLC acquired a new position in Ethan Allen Interiors in the 3rd quarter valued at about $92,000. Cim LLC increased its position in Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after acquiring an additional 741 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Ethan Allen Interiors during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

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 comprising fabric-covered items, such as 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.