Ethan Allen Interiors (NYSE:ETD) Share Price Breaks Above 50 Day Moving Average – What’s Next?

Ethan Allen Interiors Inc. (NYSE:ETD) shares passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $21.25 and traded as high as $21.44. Ethan Allen Interiors shares last traded at $21.4110, with a volume of 629,156 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on ETD shares. Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. Telsey Advisory Group lowered their price target on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Finally, Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, October 19th. Three research analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.00.

Ethan Allen Interiors Stock Up 5.7%

The firm has a market capitalization of $539.56 million, a P/E ratio of 13.73 and a beta of 1.09. The firm’s 50-day simple moving average is $21.25 and its 200-day simple moving average is $22.03.

Ethan Allen Interiors Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd were paid a dividend of $3.00 per share. The ex-dividend date of this dividend was Thursday, September 3rd. Ethan Allen Interiors’s payout ratio is 100.00%.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Kathwari sold 1,063 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $25.04, for a total transaction of $26,617.52. Following the transaction, the chief executive officer directly owned 22,077 shares in the company, valued at $552,808.08. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.92% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ETD. Allworth Financial LP bought a new position in Ethan Allen Interiors during the 2nd quarter worth approximately $30,000. NewEdge Advisors LLC bought a new position in Ethan Allen Interiors in the 2nd quarter worth $67,000. Signaturefd LLC lifted its holdings in Ethan Allen Interiors by 100.5% in the third quarter. Signaturefd LLC now owns 3,734 shares of the company’s stock worth $78,000 after buying an additional 1,872 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Ethan Allen Interiors by 132.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock valued at $87,000 after purchasing an additional 2,219 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at $88,000. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related products. Its offerings include living room, dining room and bedroom furniture, upholstery, case goods, home accents, mattresses and other furnishings for residential interiors.

The company sells its products through a network of Ethan Allen Design Centers, interior designers and independent retailers, as well as through its website and other digital channels.