Ethan Allen Interiors (NYSE:ETD) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Ethan Allen Interiors (NYSE:ETD) from a sell rating to a hold rating in a research report sent to investors on Sunday morning.

A number of other research analysts also recently issued reports on the company. Weiss Ratings upgraded Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Telsey Advisory Group lowered their price objective on shares of Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating on the stock in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.00.

Ethan Allen Interiors Price Performance

Shares of ETD stock opened at $22.80 on Friday. The firm has a 50-day moving average of $23.67 and a 200-day moving average of $25.67. Ethan Allen Interiors has a one year low of $21.67 and a one year high of $31.41. The company has a market cap of $580.36 million, a P/E ratio of 13.26 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. As a group, research analysts expect that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were paid a $0.39 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $1.56 annualized dividend and a yield of 6.8%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 90.70%.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $54,221.68. Following the sale, the chief executive officer directly owned 1,483,228 shares in the company, valued at $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 SEC, which is available at this link. 9.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Ethan Allen Interiors by 1.5% in the 1st quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock valued at $3,171,000 after purchasing an additional 1,655 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ethan Allen Interiors by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after buying an additional 538 shares in the last quarter. Jane Street Group LLC raised its position in shares of Ethan Allen Interiors by 31.2% in the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after buying an additional 88,383 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Ethan Allen Interiors during the second quarter valued at $1,411,000. Finally, Bank of New York Mellon Corp grew its position in Ethan Allen Interiors by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 416,033 shares of the company’s stock worth $11,587,000 after buying an additional 8,311 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

About Ethan Allen Interiors

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.