Ethan Allen Interiors (NYSE:ETD) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Ethan Allen Interiors (NYSE:ETD) from a hold rating to a sell rating in a report released on Saturday.

A number of other analysts have also recently commented on ETD. Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Telsey Advisory Group reduced their price objective on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a research note on Thursday, January 29th. Finally, Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

Ethan Allen Interiors Stock Down 3.0%

Shares of NYSE:ETD opened at $22.90 on Friday. The firm has a 50 day moving average of $23.75 and a 200 day moving average of $25.86. The company has a market capitalization of $582.81 million, a price-to-earnings ratio of 13.31 and a beta of 1.20. Ethan Allen Interiors has a 52 week low of $21.67 and a 52 week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. The firm had revenue of $149.92 million for the quarter, compared to the consensus estimate of $152.25 million. During the same quarter in the previous year, the firm earned $0.59 EPS. The company’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, sell-side analysts expect that Ethan Allen Interiors will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Wednesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is currently 90.70%.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the completion of the sale, the chief executive officer directly owned 1,483,228 shares in the company, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.92% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

A number of hedge funds have recently modified their holdings of ETD. AQR Capital Management LLC boosted its position in shares of Ethan Allen Interiors by 1.5% during the first quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock worth $3,171,000 after buying an additional 1,655 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ethan Allen Interiors by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after acquiring an additional 538 shares in the last quarter. Jane Street Group LLC boosted its holdings in Ethan Allen Interiors by 31.2% during the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock valued at $10,304,000 after acquiring an additional 88,383 shares during the period. Allianz Asset Management GmbH grew its position in Ethan Allen Interiors by 5.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 7,783 shares of the company’s stock valued at $217,000 after acquiring an additional 377 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in Ethan Allen Interiors in the 2nd quarter valued at about $403,000. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.