Ethan Allen Interiors (NYSE:ETD) downgraded by StockNews.com to “Hold”


StockNews.com cut shares by Ethan Allen Interiors (NYSE: ETD – Get a Note) from a buy rating to a hold rating in a research note released on Monday.

Separately, Zacks Investment Research cut shares of Ethan Allen Interiors from a buy rating to a hold rating in a Tuesday, May 3 report.

NYSE ETD opened at $24.77 on Monday. The stock has a market capitalization of $627.23 million, a P/E ratio of 7.04 and a beta of 1.10. Ethan Allen Interiors has a 52-week low of $22.02 and a 52-week high of $32.15. The company has a 50-day moving average price of $25.88 and a 200-day moving average price of $25.30.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share (EPS) of $0.93 for the quarter, beating the consensus estimate of $0.76 by $0.17. The company posted revenue of $197.66 million in the quarter, compared to $197.10 million expected by analysts. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.15%. The company’s revenue for the quarter increased 11.7% year over year. In the same period a year earlier, the company posted earnings per share of $0.58. On average, equity research analysts expect Ethan Allen Interiors to post earnings per share of 3.49 for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 25. Shareholders of record on Tuesday, May 10 will receive a dividend of $0.32. The ex-dividend date is Monday, May 9. This is a boost from Ethan Allen Interiors’ previous quarterly dividend of $0.29. This represents a dividend of $1.28 on an annualized basis and a yield of 5.17%. Ethan Allen Interiors’ dividend payout ratio (DPR) is 32.95%.

Several hedge funds have recently increased or reduced their stakes in the company. Victory Capital Management Inc. acquired a new equity stake in Ethan Allen Interiors in the first quarter valued at approximately $11,583,000. Robeco Institutional Asset Management BV acquired a new equity stake in Ethan Allen Interiors in the first quarter worth approximately $7,425,000. Royce & Associates LP acquired a new equity stake in Ethan Allen Interiors in the first quarter valued at approximately $5,933,000. Truist Financial Corp acquired a new stake in shares of Ethan Allen Interiors in the first quarter worth approximately $5,021,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Ethan Allen Interiors in the first quarter valued at approximately $4,285,000. Institutional investors and hedge funds hold 85.11% of the company’s shares.

Ethan Allen Interiors Company Profile (Get a rating)

Ethan Allen Interiors Inc operates as an interior design company and home furnishings manufacturer and retailer in the United States, Mexico, Honduras and Canada. The Company operates through two segments, Wholesale and Retail. Its products include storage items, such as beds, dressers, cabinets, tables, chairs, sideboards, entertainment units, home office furniture and wood accents; upholstery items including sleepers, recliners and other moveable furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather; and home accent items including window treatments and drapery hardware, wall hangings, flowers, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furniture.

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