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

Ethan Allen Interiors (NYSE:ETD)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $32.00 price target on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 11.17% from the company’s previous close.

Separately, Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Ethan Allen Interiors Stock Up 0.1 %

Shares of ETD stock opened at $28.79 on Friday. The firm has a market cap of $732.00 million, a P/E ratio of 11.65 and a beta of 1.31. The company has a 50 day moving average of $29.12 and a 200-day moving average of $29.82. Ethan Allen Interiors has a 12-month low of $26.53 and a 12-month high of $35.62.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the chief executive officer now owns 1,671,905 shares in the company, valued at $48,100,706.85. The trade was a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.48% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. First Dallas Securities Inc. increased its holdings in shares of Ethan Allen Interiors by 3.4% in the 4th quarter. First Dallas Securities Inc. now owns 121,285 shares of the company’s stock worth $3,409,000 after purchasing an additional 4,003 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in Ethan Allen Interiors by 17.9% in 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 in the last quarter. Jennison Associates LLC raised its position in Ethan Allen Interiors by 10.9% in the 4th quarter. Jennison Associates LLC now owns 43,973 shares of the company’s stock worth $1,236,000 after buying an additional 4,305 shares during the last quarter. EMC Capital Management lifted its stake in Ethan Allen Interiors by 31.3% during the 4th quarter. EMC Capital Management now owns 11,202 shares of the company’s stock valued at $315,000 after acquiring an additional 2,673 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Ethan Allen Interiors by 10.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,043 shares of the company’s stock valued at $845,000 after acquiring an additional 2,738 shares during the period. 83.80% of the stock is owned by hedge funds and other institutional investors.

About Ethan Allen Interiors

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.