Ethan Allen Interiors (NYSE:ETD) Hits New 52-Week Low – What’s Next?

Ethan Allen Interiors Inc. (NYSE:ETD)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $25.35 and last traded at $26.03, with a volume of 241325 shares traded. The stock had previously closed at $28.04.

Analyst Upgrades and Downgrades

ETD has been the subject of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

Ethan Allen Interiors Price Performance

The stock has a market cap of $677.18 million, a PE ratio of 11.19 and a beta of 1.18. The stock’s fifty day moving average is $28.44 and its 200-day moving average is $29.20.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were given a $0.39 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.86%. Ethan Allen Interiors’s payout ratio is currently 65.55%.

Insider Buying and Selling 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 on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total transaction of $292,700.00. Following the transaction, the chief executive officer now directly owns 1,641,905 shares in the company, valued at $48,058,559.35. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 30,000 shares of company stock worth $846,400 over the last three months. Insiders own 10.48% of the company’s stock.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of institutional investors have recently modified their holdings of the company. Total Wealth Planning & Management Inc. acquired a new position in Ethan Allen Interiors in the 4th quarter valued at about $401,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ethan Allen Interiors in the fourth quarter valued at approximately $2,480,000. PharVision Advisers LLC purchased a new stake in Ethan Allen Interiors during the 4th quarter worth approximately $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ethan Allen Interiors by 6.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,241 shares of the company’s stock worth $1,103,000 after buying an additional 2,389 shares during the period. Finally, Vident Advisory LLC lifted its holdings in Ethan Allen Interiors by 7.6% during the 4th quarter. Vident Advisory LLC now owns 17,267 shares of the company’s stock worth $485,000 after buying an additional 1,215 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

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.