Ethan Allen Interiors’ (ETD) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a report published on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $32.00 price objective on the stock.

Separately, Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Trading Up 0.1 %

Shares of NYSE:ETD opened at $28.79 on Friday. The firm’s 50 day moving average is $29.13 and its two-hundred day moving average is $29.81. 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 $732.00 million, a P/E ratio of 11.65 and a beta of 1.31.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

Insider Buying and Selling at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.48% of the company’s stock.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Ethan Allen Interiors in the third quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter worth about $50,000. nVerses Capital LLC bought a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at about $92,000. Cim LLC raised its position in Ethan Allen Interiors by 11.9% during the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $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.