Ethan Allen Interiors’ (ETD) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research note released on Friday morning,Benzinga reports. They currently have a $32.00 target price on the stock.

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

Ethan Allen Interiors Trading Up 0.1 %

Ethan Allen Interiors stock opened at $28.79 on Friday. The stock has a market cap of $732.00 million, a P/E ratio of 11.65 and a beta of 1.31. The company has a 50-day moving average price of $29.12 and a 200 day moving average price of $29.84. Ethan Allen Interiors has a 12-month low of $26.53 and a 12-month high of $35.62.

Ethan Allen Interiors Dividend Announcement

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

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ETD. First Dallas Securities Inc. raised its holdings in shares of Ethan Allen Interiors by 3.4% in the 4th quarter. First Dallas Securities Inc. now owns 121,285 shares of the company’s stock valued at $3,409,000 after buying an additional 4,003 shares during the period. Hodges Capital Management Inc. increased its stake in Ethan Allen Interiors by 17.9% during the fourth quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock worth $18,162,000 after purchasing an additional 98,227 shares during the period. Jennison Associates LLC increased its stake in Ethan Allen Interiors by 10.9% during the fourth quarter. Jennison Associates LLC now owns 43,973 shares of the company’s stock worth $1,236,000 after purchasing an additional 4,305 shares during the period. EMC Capital Management lifted its position in shares of Ethan Allen Interiors by 31.3% during the fourth quarter. EMC Capital Management now owns 11,202 shares of the company’s stock worth $315,000 after purchasing an additional 2,673 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Ethan Allen Interiors by 10.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,043 shares of the company’s stock valued at $845,000 after purchasing an additional 2,738 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Company Profile

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.