Ethan Allen Interiors’ (ETD) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a report published on Friday, Benzinga reports. The firm currently has a $30.00 price target on the stock.

Ethan Allen Interiors Stock Up 1.8 %

Shares of ETD opened at $31.82 on Friday. The stock has a market cap of $808.23 million, a PE ratio of 10.20 and a beta of 1.22. Ethan Allen Interiors has a 12-month low of $24.76 and a 12-month high of $36.19. The business has a 50-day simple moving average of $32.47 and a two-hundred day simple moving average of $30.27.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.09). Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The firm had revenue of $167.28 million during the quarter, compared to analyst estimates of $179.20 million. During the same period in the prior year, the company earned $1.10 EPS. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. On average, equities research analysts expect that Ethan Allen Interiors will post 2.7 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Tuesday, February 6th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.44 annualized dividend and a dividend yield of 4.53%. Ethan Allen Interiors’s dividend payout ratio is 46.15%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. increased its stake in shares of Ethan Allen Interiors by 52.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 59,708 shares of the company’s stock valued at $2,064,000 after buying an additional 20,511 shares during the period. First Dallas Securities Inc. boosted its holdings in Ethan Allen Interiors by 10.6% in the first quarter. First Dallas Securities Inc. now owns 73,526 shares of the company’s stock valued at $2,542,000 after acquiring an additional 7,052 shares during the last quarter. Unison Advisors LLC increased its position in Ethan Allen Interiors by 1.2% during the 1st quarter. Unison Advisors LLC now owns 28,929 shares of the company’s stock valued at $1,000,000 after purchasing an additional 338 shares during the period. Range Financial Group LLC raised its holdings in Ethan Allen Interiors by 1.1% during the 1st quarter. Range Financial Group LLC now owns 41,694 shares of the company’s stock worth $1,441,000 after purchasing an additional 469 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Ethan Allen Interiors by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 1,615,250 shares of the company’s stock worth $51,559,000 after purchasing an additional 71,481 shares during the period. 83.80% of the stock is owned by institutional investors.

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.