Ethan Allen Interiors (NYSE:ETD) Sets New 52-Week Low - What's Next?

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $26.43 and last traded at $26.39, with a volume of 63922 shares. The stock had previously closed at $27.15.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ETD. Telsey Advisory Group reissued a "market perform" rating and set a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Ethan Allen Interiors Trading Down 0.7 %

The stock has a 50 day simple moving average of $28.70 and a 200 day simple moving average of $29.49. The stock has a market cap of $680.00 million, a P/E ratio of 11.24 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. Equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

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Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.83%. Ethan Allen Interiors's payout ratio is 65.55%.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction on Friday, January 17th. The stock was sold at an average price of $28.67, for a total transaction of $286,700.00. Following the sale, the chief executive officer now owns 1,651,905 shares in the company, valued at $47,360,116.35. The trade was a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.48% of the company's stock.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in Ethan Allen Interiors during the 3rd quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ethan Allen Interiors during the 3rd quarter worth about $50,000. State of Wyoming acquired a new position in Ethan Allen Interiors during the 4th quarter worth about $52,000. Hillsdale Investment Management Inc. lifted its holdings in Ethan Allen Interiors by 213.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock worth $53,000 after buying an additional 1,280 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in Ethan Allen Interiors during the 4th quarter worth about $112,000. Institutional investors own 83.80% of the company's stock.

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.