Ethan Allen Interiors (NYSE:ETD) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Ethan Allen Interiors (NYSE:ETD) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

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

Ethan Allen Interiors Trading Up 0.9%

Shares of ETD stock opened at $23.59 on Friday. The stock has a market cap of $600.17 million, a price-to-earnings ratio of 13.71 and a beta of 1.20. The stock has a 50-day moving average of $23.79 and a 200-day moving average of $25.93. Ethan Allen Interiors has a 1-year low of $21.67 and a 1-year high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $149.92 million for the quarter, compared to analyst estimates of $152.25 million. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. Sell-side analysts forecast that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Wednesday, February 11th. Ethan Allen Interiors’s payout ratio is 90.70%.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 2,168 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $54,221.68. Following the transaction, the chief executive officer owned 1,483,228 shares of the company’s stock, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.92% of the company’s stock.

Institutional Trading of Ethan Allen Interiors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETD. SG Capital Management LLC bought a new position in Ethan Allen Interiors in the second quarter worth approximately $8,087,000. Balyasny Asset Management L.P. acquired a new position in shares of Ethan Allen Interiors during the second quarter worth approximately $5,845,000. JPMorgan Chase & Co. lifted its holdings in shares of Ethan Allen Interiors by 260.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company’s stock worth $5,647,000 after purchasing an additional 138,452 shares in the last quarter. Millennium Management LLC grew its position in Ethan Allen Interiors by 198.3% in the 4th quarter. Millennium Management LLC now owns 206,945 shares of the company’s stock valued at $4,727,000 after purchasing an additional 137,566 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Ethan Allen Interiors by 42.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 391,769 shares of the company’s stock valued at $11,542,000 after purchasing an additional 117,047 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

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.