Telsey Advisory Group Has Lowered Expectations for Ethan Allen Interiors (NYSE:ETD) Stock Price

Ethan Allen Interiors (NYSE:ETD) had its price objective lowered by research analysts at Telsey Advisory Group from $28.00 to $27.00 in a report issued on Thursday, Marketbeat.com reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 17.70% from the stock’s previous close.

A number of other research firms have also recently weighed in on ETD. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings downgraded shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ethan Allen Interiors presently has a consensus rating of “Reduce” and a consensus price target of $27.00.

Ethan Allen Interiors Price Performance

ETD opened at $22.94 on Thursday. The stock’s 50 day simple moving average is $23.85 and its 200 day simple moving average is $26.53. The stock has a market cap of $583.73 million, a P/E ratio of 13.34 and a beta of 1.16. Ethan Allen Interiors has a 1-year low of $21.67 and a 1-year high of $31.90.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The company had revenue of $149.92 million for the quarter, compared to analyst estimates of $152.25 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. Ethan Allen Interiors’s revenue was down 4.7% compared to the same quarter last year. Research analysts expect that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the transaction, the chief executive officer directly owned 1,483,228 shares of the company’s stock, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 9.92% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds and other institutional investors have recently modified their holdings of ETD. AQR Capital Management LLC grew its position in shares of Ethan Allen Interiors by 1.5% in the 1st quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock worth $3,171,000 after acquiring an additional 1,655 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ethan Allen Interiors by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after purchasing an additional 538 shares during the period. Jane Street Group LLC increased its position in Ethan Allen Interiors by 31.2% in the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock valued at $10,304,000 after acquiring an additional 88,383 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Ethan Allen Interiors by 1,697.0% during the second quarter. Public Employees Retirement System of Ohio now owns 15,598 shares of the company’s stock valued at $434,000 after purchasing an additional 14,730 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Ethan Allen Interiors by 7.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 13,475 shares of the company’s stock valued at $374,000 after buying an additional 943 shares during the period. Institutional investors own 83.80% of the company’s stock.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.