Ethan Allen Interiors (NYSE:ETD) Hits New 12-Month Low – What’s Next?

Ethan Allen Interiors Inc. (NYSE:ETD) hit a new 52-week low on Tuesday . The company traded as low as $21.45 and last traded at $21.4650, with a volume of 52742 shares changing hands. The stock had previously closed at $21.88.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ETD. Telsey Advisory Group decreased their target price on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a research report on Thursday, January 29th. Zacks Research lowered Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Wall Street Zen raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ethan Allen Interiors currently has an average rating of “Reduce” and an average price target of $27.00.

Ethan Allen Interiors Trading Down 1.4%

The stock has a market capitalization of $549.08 million, a P/E ratio of 12.54 and a beta of 1.16. The company has a 50-day moving average price of $22.90 and a 200 day moving average price of $24.32.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, topping 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 return on equity of 9.28% and a net margin of 7.35%.The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. As a group, research analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 7.2%. The ex-dividend date was Wednesday, February 11th. Ethan Allen Interiors’s payout ratio is 90.70%.

Insiders Place Their Bets

In related news, CEO M Farooq Kathwari sold 2,168 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was 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 $37,095,532.28. The trade was a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.92% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Ethan Allen Interiors by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,760,093 shares of the company’s stock worth $51,852,000 after buying an additional 32,751 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ethan Allen Interiors by 8.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,132,118 shares of the company’s stock worth $25,858,000 after buying an additional 83,903 shares during the last quarter. American Century Companies Inc. grew its stake in Ethan Allen Interiors by 4.4% during the 3rd quarter. American Century Companies Inc. now owns 874,727 shares of the company’s stock worth $25,769,000 after buying an additional 36,756 shares during the last quarter. Royce & Associates LP grew its stake in Ethan Allen Interiors by 3.8% during the 4th quarter. Royce & Associates LP now owns 613,545 shares of the company’s stock worth $14,013,000 after buying an additional 22,390 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Ethan Allen Interiors by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 613,308 shares of the company’s stock worth $14,008,000 after buying an additional 7,972 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

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.