Ethan Allen Interiors (NYSE:ETD) Issues Earnings Results

Ethan Allen Interiors (NYSE:ETD) issued its quarterly earnings results on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06, FiscalAI reports. Ethan Allen Interiors had a return on equity of 10.08% and a net margin of 7.79%.

Ethan Allen Interiors Stock Down 0.9%

Shares of ETD stock traded down $0.21 during trading hours on Wednesday, reaching $24.09. 500,225 shares of the stock traded hands, compared to its average volume of 328,986. The firm has a market capitalization of $613.07 million, a PE ratio of 13.02 and a beta of 1.16. Ethan Allen Interiors has a 1-year low of $21.67 and a 1-year high of $32.61. The business has a fifty day moving average price of $23.81 and a 200 day moving average price of $26.62.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 2,168 shares of Ethan Allen Interiors stock in a transaction that occurred on 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 directly owned 1,483,228 shares in the company, valued at approximately $37,095,532.28. The trade was a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.92% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its position in Ethan Allen Interiors by 365.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after buying an additional 2,398 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of Ethan Allen Interiors by 31.2% in the second quarter. Osaic Holdings Inc. now owns 6,682 shares of the company’s stock worth $186,000 after acquiring an additional 1,589 shares during the last quarter. Brown Advisory Inc. purchased a new stake in shares of Ethan Allen Interiors during the second quarter worth $204,000. Rafferty Asset Management LLC purchased a new stake in shares of Ethan Allen Interiors during the second quarter worth $222,000. Finally, The Manufacturers Life Insurance Company boosted its position in Ethan Allen Interiors by 9.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,930 shares of the company’s stock valued at $249,000 after purchasing an additional 800 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. 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 reiterated a “market perform” rating and issued a $28.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $28.00.

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.