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

Ethan Allen Interiors (NYSE:ETD)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They currently have a $32.00 target price on the stock. Telsey Advisory Group’s price target suggests a potential upside of 11.13% from the company’s current price.

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

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD opened at $28.80 on Friday. The stock has a market capitalization of $732.28 million, a price-to-earnings ratio of 11.66 and a beta of 1.31. The business’s fifty day moving average price is $29.13 and its two-hundred day moving average price is $29.81. Ethan Allen Interiors has a fifty-two week low of $26.53 and a fifty-two week high of $35.62.

Insiders Place Their Bets

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at $47,360,116.35. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.48% of the company’s stock.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Ethan Allen Interiors during the third quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ethan Allen Interiors during the 3rd quarter worth $50,000. nVerses Capital LLC bought a new position in Ethan Allen Interiors in the 3rd quarter valued at $92,000. Cim LLC increased its stake in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after buying an additional 741 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Ethan Allen Interiors during the third quarter worth $216,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

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.