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

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

Wall Street Analyst Weigh In

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

Ethan Allen Interiors Trading Up 3.2 %

The firm has a market capitalization of $677.18 million, a price-to-earnings ratio of 11.19 and a beta of 1.18. The stock’s fifty day moving average price is $28.44 and its two-hundred day moving average price is $29.20.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly 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 9.76% and a return on equity of 12.62%. Analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

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

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $28.67, for a total transaction of $286,700.00. Following the completion of the sale, the chief executive officer now owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. The trade was a 0.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 30,000 shares of company stock valued at $846,400 over the last three months. 10.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Ethan Allen Interiors by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company’s stock worth $46,854,000 after purchasing an additional 68,957 shares during the last quarter. American Century Companies Inc. grew its stake in Ethan Allen Interiors by 13.0% during the 4th quarter. American Century Companies Inc. now owns 726,213 shares of the company’s stock worth $20,414,000 after buying an additional 83,381 shares during the last quarter. Hodges Capital Management Inc. grew its stake in Ethan Allen Interiors by 17.9% during the 4th quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock worth $18,162,000 after buying an additional 98,227 shares during the last quarter. Royce & Associates LP increased its position in Ethan Allen Interiors by 87.9% during the fourth quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock worth $16,613,000 after buying an additional 276,534 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Ethan Allen Interiors by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 543,624 shares of the company’s stock valued at $15,285,000 after buying an additional 5,029 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other 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.