Ethan Allen Interiors (NYSE:ETD) Earns Market Perform Rating from Telsey Advisory Group

Ethan Allen Interiors (NYSE:ETD - Get Free Report)'s stock had its "market perform" rating restated by analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $32.00 price objective on the stock. Telsey Advisory Group's price objective would indicate a potential upside of 11.89% from the company's current price.

Separately, Argus restated a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Ethan Allen Interiors Stock Down 0.6 %

NYSE ETD traded down $0.17 during trading hours on Friday, hitting $28.60. 86,525 shares of the stock were exchanged, compared to its average volume of 193,539. Ethan Allen Interiors has a 12-month low of $26.53 and a 12-month high of $35.62. The stock has a 50-day moving average of $29.13 and a 200 day moving average of $29.81. The company has a market cap of $727.30 million, a price-to-earnings ratio of 11.58 and a beta of 1.31.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.48% of the stock is owned by insiders.

Institutional Trading of Ethan Allen Interiors

Large investors have recently modified their holdings of the company. Jane Street Group LLC increased its stake in Ethan Allen Interiors by 679.5% during the 3rd quarter. Jane Street Group LLC now owns 266,161 shares of the company's stock valued at $8,488,000 after buying an additional 232,015 shares during the period. Millennium Management LLC lifted its position in Ethan Allen Interiors by 2,127.1% in the second quarter. Millennium Management LLC now owns 157,480 shares of the company's stock worth $4,392,000 after purchasing an additional 150,409 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at $1,132,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Ethan Allen Interiors by 401.3% in the third quarter. Kovitz Investment Group Partners LLC now owns 39,760 shares of the company's stock valued at $1,258,000 after buying an additional 31,828 shares during the period. Finally, Barclays PLC grew its holdings in Ethan Allen Interiors by 113.8% during the third quarter. Barclays PLC now owns 57,174 shares of the company's stock worth $1,824,000 after acquiring an additional 30,437 shares during the period. 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.