Ethan Allen Interiors' (ETD) Hold Rating Reaffirmed at Argus

Argus reissued their hold rating on shares of Ethan Allen Interiors (NYSE:ETD - Free Report) in a research note issued to investors on Monday morning, Marketbeat Ratings reports.

Separately, Telsey Advisory Group restated a "market perform" rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

Ethan Allen Interiors Stock Performance

ETD stock traded down $0.05 during midday trading on Monday, reaching $27.80. 56,267 shares of the company's stock traded hands, compared to its average volume of 187,796. The company has a 50-day moving average price of $29.17 and a two-hundred day moving average price of $29.76. Ethan Allen Interiors has a 52 week low of $26.53 and a 52 week high of $35.62. The firm has a market capitalization of $706.95 million, a PE ratio of 11.26 and a beta of 1.31.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.61%. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 63.16%.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,671,905 shares in the company, valued at $48,100,706.85. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 10.48% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

Several hedge funds and other institutional investors have recently modified their holdings of ETD. Quarry LP bought a new position in shares of Ethan Allen Interiors during the third quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ethan Allen Interiors in the third quarter worth about $50,000. nVerses Capital LLC bought a new position in Ethan Allen Interiors in the third quarter worth about $92,000. Cim LLC raised its stake in Ethan Allen Interiors by 11.9% in the second quarter. Cim LLC now owns 6,978 shares of the company's stock worth $210,000 after buying an additional 741 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Ethan Allen Interiors in the third quarter worth about $216,000. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.