Telsey Advisory Group Reiterates Market Perform Rating for Ethan Allen Interiors (NYSE:ETD)

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

Ethan Allen Interiors Price Performance

ETD opened at $31.85 on Friday. The company’s 50 day simple moving average is $32.47 and its two-hundred day simple moving average is $30.26. Ethan Allen Interiors has a 1-year low of $24.76 and a 1-year high of $36.19. The firm has a market capitalization of $808.99 million, a price-to-earnings ratio of 10.21 and a beta of 1.22.

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

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Tuesday, February 6th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date was Monday, February 5th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 46.15%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Unison Advisors LLC raised its position in shares of 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 buying an additional 338 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Ethan Allen Interiors by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 24,882 shares of the company’s stock valued at $794,000 after buying an additional 347 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Ethan Allen Interiors by 1.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 33,574 shares of the company’s stock valued at $1,072,000 after buying an additional 378 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Ethan Allen Interiors by 6.1% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 6,960 shares of the company’s stock valued at $197,000 after buying an additional 399 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Ethan Allen Interiors by 1.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,534 shares of the company’s stock valued at $595,000 after buying an additional 399 shares during the period. 83.80% of the stock is owned by hedge funds and other 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.