Ethan Allen Interiors (NYSE:ETD) Share Price Breaks Above 50 Day Moving Average - What's Next?

Key Points

• Ethan Allen shares moved above their 50-day moving average, trading as high as $21.44 and last quoted at $21.41; the stock was reported up 5.7%.
• Analyst sentiment is broadly neutral: three analysts rate the stock Hold, with an average price target of $22. Telsey lowered its target from $24 to $22, while Weiss Ratings and Zacks Research upgraded their ratings to Hold.
• The company paid a $3-per-share special dividend in September; its reported dividend payout ratio is 100%.

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $21.25 and traded as high as $21.44. Ethan Allen Interiors shares last traded at $21.4110, with a volume of 629,156 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ETD. Telsey Advisory Group dropped their price target on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a "market perform" rating on the stock in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Ethan Allen Interiors from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, October 29th. Finally, Zacks Research raised shares of Ethan Allen Interiors from a "strong sell" rating to a "hold" rating in a research report on Monday, October 19th. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.00.

Ethan Allen Interiors Trading Up 5.7%

The stock has a market capitalization of $539.56 million, a P/E ratio of 13.73 and a beta of 1.09. The business has a 50-day moving average price of $21.25 and a two-hundred day moving average price of $22.03.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a special dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Thursday, September 3rd. Ethan Allen Interiors's dividend payout ratio is 100.00%.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Kathwari sold 1,063 shares of Ethan Allen Interiors stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $25.04, for a total value of $26,617.52. Following the transaction, the chief executive officer owned 22,077 shares in the company, valued at approximately $552,808.08. This trade represents a 4.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.92% of the company's stock.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds and other institutional investors have recently made changes to their positions in ETD. Allworth Financial LP bought a new stake in shares of Ethan Allen Interiors during the second quarter worth about $30,000. NewEdge Advisors LLC bought a new position in Ethan Allen Interiors during the second quarter worth $67,000. Signaturefd LLC raised its position in shares of Ethan Allen Interiors by 100.5% in the 3rd quarter. Signaturefd LLC now owns 3,734 shares of the company's stock worth $78,000 after acquiring an additional 1,872 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Ethan Allen Interiors by 132.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company's stock valued at $87,000 after buying an additional 2,219 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Ethan Allen Interiors during the 1st quarter valued at $88,000. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc NYSE: ETD is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related products. Its offerings include living room, dining room and bedroom furniture, upholstery, case goods, home accents, mattresses and other furnishings for residential interiors.

The company sells its products through a network of Ethan Allen Design Centers, interior designers and independent retailers, as well as through its website and other digital channels.

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