Ethan Allen Interiors’ (ETD) “Hold” Rating Reiterated at Argus

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

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

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $28.80 on Monday. The company 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 12 month low of $26.53 and a 12 month high of $35.62. The stock’s 50-day moving average is $29.18 and its 200-day moving average is $29.77.

Ethan Allen Interiors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend 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 other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were 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 owns 1,671,905 shares of the company’s stock, valued at $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.48% of the company’s stock.

Institutional Trading of Ethan Allen Interiors

Large investors have recently modified their holdings of the business. Quarry LP acquired a new position in shares of Ethan Allen Interiors in the third quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ethan Allen Interiors during the 3rd quarter worth approximately $50,000. nVerses Capital LLC acquired a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $92,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at approximately $216,000. Finally, Cim LLC grew its position in shares of Ethan Allen Interiors by 11.9% during the second quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after buying an additional 741 shares in the last quarter. 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.