Ethan Allen Interiors (NYSE:ETD) Given "Market Perform" Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD - Free Report) in a research report released on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $32.00 price objective on the stock.

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD traded down $0.27 during trading on Thursday, hitting $29.33. The company had a trading volume of 215,288 shares, compared to its average volume of 233,136. The stock has a market cap of $745.33 million, a price-to-earnings ratio of 10.77 and a beta of 1.25. Ethan Allen Interiors has a one year low of $25.33 and a one year high of $35.62. The company has a fifty day simple moving average of $30.79 and a two-hundred day simple moving average of $29.85.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The company had revenue of $168.63 million during the quarter, compared to analysts' expectations of $159.65 million. During the same quarter in the previous year, the business earned $0.96 EPS. Ethan Allen Interiors's revenue was down 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Ethan Allen Interiors will post 2.4 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 13th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date was Tuesday, August 13th. Ethan Allen Interiors's payout ratio is currently 56.73%.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the transaction, the chief executive officer now owns 1,708,905 shares in the company, valued at $54,240,644.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $929,700 in the last quarter. 10.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

Institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in Ethan Allen Interiors during the 2nd quarter valued at $26,000. Innealta Capital LLC bought a new stake in Ethan Allen Interiors during the 2nd quarter valued at $29,000. nVerses Capital LLC bought a new stake in Ethan Allen Interiors during the 3rd quarter valued at $92,000. Meeder Asset Management Inc. raised its position in shares of Ethan Allen Interiors by 2,366.0% in the 1st quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company's stock worth $176,000 after acquiring an additional 4,874 shares in the last quarter. Finally, Cim LLC raised its position in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company's stock worth $210,000 after acquiring an additional 741 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

About Ethan Allen Interiors

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.