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 reissued by analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $32.00 price target on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 11.13% from the stock’s current price.

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

Ethan Allen Interiors Stock Performance

ETD opened at $28.80 on Friday. Ethan Allen Interiors has a twelve month low of $26.53 and a twelve month high of $35.62. The business has a 50 day moving average price of $29.13 and a 200 day moving average price of $29.81. The firm has a market cap of $732.28 million, a P/E ratio of 11.66 and a beta of 1.31.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $28.67, for a total value 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. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.48% of the company’s stock.

Hedge Funds Weigh In On Ethan Allen Interiors

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of Ethan Allen Interiors during the third quarter valued at approximately $862,000. FMR LLC increased its holdings in Ethan Allen Interiors by 421.3% in the 3rd quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after buying an additional 15,309 shares during the period. Barclays PLC increased its holdings in Ethan Allen Interiors by 113.8% in the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after buying an additional 30,437 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at $1,132,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Ethan Allen Interiors by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock worth $17,179,000 after acquiring an additional 3,310 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

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.