Ethan Allen Interiors (NYSE:ETD) Sets New 1-Year Low – What’s Next?

Ethan Allen Interiors Inc. (NYSE:ETD) reached a new 52-week low on Wednesday . The stock traded as low as $24.55 and last traded at $25.10, with a volume of 7648 shares. The stock had previously closed at $25.26.

Wall Street Analysts Forecast Growth

ETD has been the topic of several recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Trading Down 0.1 %

The stock has a market cap of $641.75 million, a P/E ratio of 10.66 and a beta of 1.18. The business’s fifty day simple moving average is $28.24 and its 200 day simple moving average is $29.04.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. On average, analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 6.18%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 65.55%.

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.70, for a total transaction of $267,000.00. Following the completion of the sale, the chief executive officer now owns 1,631,905 shares in the company, valued at $43,571,863.50. The trade was a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 30,000 shares of company stock worth $846,400 over the last 90 days. 10.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

Large investors have recently bought and sold shares of the business. Rhumbline Advisers raised its position in shares of Ethan Allen Interiors by 78.0% during the 1st quarter. Rhumbline Advisers now owns 154,930 shares of the company’s stock valued at $4,292,000 after acquiring an additional 67,884 shares during the last quarter. GAMMA Investing LLC increased its holdings in Ethan Allen Interiors by 5,743.0% in the first quarter. GAMMA Investing LLC now owns 22,437 shares of the company’s stock valued at $622,000 after purchasing an additional 22,053 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new stake in Ethan Allen Interiors in the fourth quarter valued at about $401,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Ethan Allen Interiors during the fourth quarter worth about $2,480,000. Finally, PharVision Advisers LLC bought a new position in Ethan Allen Interiors during the fourth quarter worth about $310,000. 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.