Argus Reiterates Hold Rating for Ethan Allen Interiors (NYSE:ETD)

Argus reiterated their hold rating on shares of Ethan Allen Interiors (NYSE:ETD) in a research note published on Monday, Marketbeat.com reports.

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, October 31st.

Ethan Allen Interiors Trading Up 1.8 %

Shares of ETD opened at $28.80 on Monday. The firm has a market cap of $732.38 million, a price-to-earnings ratio of 11.66 and a beta of 1.31. Ethan Allen Interiors has a 52 week low of $26.53 and a 52 week high of $35.62. The stock has a 50 day moving average of $29.18 and a 200-day moving average of $29.77.

Ethan Allen Interiors Dividend Announcement

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

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,671,905 shares in the company, valued at $48,100,706.85. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.48% of the company’s stock.

Institutional Trading of Ethan Allen Interiors

Large investors have recently added to or reduced their stakes in the business. Unison Advisors LLC raised its position in shares of Ethan Allen Interiors by 1.4% during the third quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock worth $946,000 after purchasing an additional 421 shares during the period. The Manufacturers Life Insurance Company increased its stake in Ethan Allen Interiors by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after purchasing an additional 543 shares in the last quarter. Cim LLC increased its stake in Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after purchasing an additional 741 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Ethan Allen Interiors by 3.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company’s stock worth $1,053,000 after buying an additional 1,065 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Ethan Allen Interiors by 13.4% during the third quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock valued at $319,000 after buying an additional 1,180 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

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.