Ethan Allen Interiors (NYSE:ETD) Reaches New 52-Week Low – Here’s Why

Ethan Allen Interiors Inc. (NYSE:ETD) shares reached a new 52-week low on Monday . The company traded as low as $19.92 and last traded at $19.9350, with a volume of 124928 shares. The stock had previously closed at $20.39.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Telsey Advisory Group dropped their price target on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Zacks Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 15th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $24.00.

Ethan Allen Interiors Stock Down 2.2%

The company’s fifty day simple moving average is $21.93 and its two-hundred day simple moving average is $23.16. The company has a market capitalization of $476.04 million, a price-to-earnings ratio of 11.96 and a beta of 1.04.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The company had revenue of $135.84 million for the quarter, compared to analyst estimates of $134.85 million. Ethan Allen Interiors had a net margin of 6.81% and a return on equity of 8.54%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. Equities research analysts expect that Ethan Allen Interiors Inc. will post 1.48 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $1.56 annualized dividend and a yield of 8.3%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 98.73%.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds have recently bought and sold shares of the company. Dakota Wealth Management raised its stake in Ethan Allen Interiors by 2.5% in the 4th quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock worth $400,000 after purchasing an additional 430 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Ethan Allen Interiors by 6.2% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock worth $253,000 after purchasing an additional 500 shares in the last quarter. Unison Advisors LLC raised its stake in Ethan Allen Interiors by 1.6% in the 1st quarter. Unison Advisors LLC now owns 32,603 shares of the company’s stock worth $726,000 after purchasing an additional 517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ethan Allen Interiors by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after purchasing an additional 538 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Ethan Allen Interiors by 2.2% in the 3rd quarter. Federated Hermes Inc. now owns 24,543 shares of the company’s stock worth $723,000 after purchasing an additional 539 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Company Profile

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.