Telsey Advisory Group Reaffirms "Market Perform" Rating for Ethan Allen Interiors (NYSE:ETD)

Telsey Advisory Group restated their market perform rating on shares of Ethan Allen Interiors (NYSE:ETD - Free Report) in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a $30.00 price target on the stock.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock traded down $4.35 on Thursday, hitting $29.06. 941,644 shares of the company traded hands, compared to its average volume of 207,353. Ethan Allen Interiors has a 52 week low of $24.76 and a 52 week high of $36.19. The business has a 50-day simple moving average of $32.60 and a 200 day simple moving average of $30.33. The stock has a market capitalization of $738.12 million, a P/E ratio of 9.26 and a beta of 1.22.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.18). Ethan Allen Interiors had a return on equity of 17.19% and a net margin of 11.37%. The company had revenue of $146.42 million for the quarter, compared to the consensus estimate of $168.15 million. During the same quarter in the prior year, the company posted $0.86 EPS. Ethan Allen Interiors's revenue was down 21.4% compared to the same quarter last year. Research analysts expect that Ethan Allen Interiors will post 2.7 earnings per share for the current year.

Ethan Allen Interiors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from Ethan Allen Interiors's previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 5.37%. Ethan Allen Interiors's dividend payout ratio is presently 46.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Unison Advisors LLC lifted its position in Ethan Allen Interiors by 1.2% during the first quarter. Unison Advisors LLC now owns 28,929 shares of the company's stock valued at $1,000,000 after purchasing an additional 338 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Ethan Allen Interiors by 1.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 24,882 shares of the company's stock valued at $794,000 after acquiring an additional 347 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Ethan Allen Interiors by 1.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 33,574 shares of the company's stock valued at $1,072,000 after purchasing an additional 378 shares during the last quarter. Range Financial Group LLC lifted its stake in shares of Ethan Allen Interiors by 1.1% in the 1st quarter. Range Financial Group LLC now owns 41,694 shares of the company's stock valued at $1,441,000 after purchasing an additional 469 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ethan Allen Interiors by 6.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,332 shares of the company's stock valued at $369,000 after purchasing an additional 711 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

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.