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

Telsey Advisory Group restated their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD - Free Report) in a report published on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $32.00 price objective on the stock. Telsey Advisory Group also issued estimates for Ethan Allen Interiors' Q1 2025 earnings at $0.58 EPS, FY2025 earnings at $2.35 EPS and FY2026 earnings at $2.65 EPS.

Ethan Allen Interiors Trading Down 5.9 %

Ethan Allen Interiors stock traded down $1.73 during mid-day trading on Thursday, hitting $27.67. The company's stock had a trading volume of 334,612 shares, compared to its average volume of 233,062. Ethan Allen Interiors has a 1 year low of $25.33 and a 1 year high of $35.62. The firm has a market capitalization of $703.65 million, a PE ratio of 11.41 and a beta of 1.25. The stock's fifty day moving average is $30.67 and its two-hundred day moving average is $29.75.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $154.34 million for the quarter, compared to analyst estimates of $159.60 million. Ethan Allen Interiors had a net margin of 9.88% and a return on equity of 13.45%. On average, equities analysts expect that Ethan Allen Interiors will post 2.4 EPS for the current fiscal year.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $30.87, for a total transaction of $308,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,698,905 shares in the company, valued at $52,445,197.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 30,000 shares of company stock worth $929,700. Insiders own 10.48% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ETD. Hantz Financial Services Inc. acquired a new stake in Ethan Allen Interiors in the 2nd quarter valued at about $26,000. Innealta Capital LLC acquired a new position in Ethan Allen Interiors during the 2nd quarter worth approximately $29,000. nVerses Capital LLC purchased a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $92,000. Meeder Asset Management Inc. raised its holdings 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 valued at $176,000 after purchasing an additional 4,874 shares in the last quarter. Finally, Cim LLC purchased a new stake in shares of Ethan Allen Interiors during the 1st quarter worth $216,000. Institutional investors and hedge funds own 83.80% of the company's stock.

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.