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

Ethan Allen Interiors (NYSE:ETD)‘s stock had its “market perform” rating restated by analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $32.00 target price on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 11.72% from the company’s current price.

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

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $28.64 on Thursday. The company’s fifty day moving average price is $29.12 and its two-hundred day moving average price is $29.87. The firm has a market capitalization of $728.37 million, a PE ratio of 11.60 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.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.12%. Analysts predict that Ethan Allen Interiors will post 2.3 earnings per share for the current fiscal year.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $28.67, for a total transaction of $286,700.00. Following the sale, the chief executive officer now directly owns 1,651,905 shares in the company, valued at $47,360,116.35. This represents a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Ethan Allen Interiors

Several institutional investors have recently bought and sold shares of ETD. Quarry LP bought a new position in Ethan Allen Interiors in the third quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ethan Allen Interiors during the third quarter valued at approximately $50,000. nVerses Capital LLC acquired a new position in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $92,000. Cim LLC boosted its holdings in shares of Ethan Allen Interiors by 11.9% during the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after buying an additional 741 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Ethan Allen Interiors during the third quarter worth approximately $216,000. Institutional investors 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.