Argus Reiterates Hold Rating for Ethan Allen Interiors (NYSE:ETD)

Ethan Allen Interiors (NYSE:ETD)‘s stock had its “hold” rating reaffirmed by research analysts at Argus in a report released on Monday.

Separately, Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, October 31st.

Ethan Allen Interiors Stock Up 1.3 %

Shares of NYSE:ETD opened at $27.88 on Monday. The business has a 50 day moving average price of $29.17 and a 200 day moving average price of $29.76. Ethan Allen Interiors has a twelve month low of $26.53 and a twelve month high of $35.62. The company has a market cap of $708.99 million, a price-to-earnings ratio of 11.29 and a beta of 1.31.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $30.87, for a total transaction of $308,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,698,905 shares of the company’s stock, valued at $52,445,197.35. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of hedge funds and other institutional investors have recently bought and sold shares of ETD. Quarry LP acquired a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ethan Allen Interiors during the third quarter worth about $50,000. nVerses Capital LLC bought a new position in Ethan Allen Interiors during the third quarter worth about $92,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Ethan Allen Interiors in the third quarter valued at about $216,000. Finally, Cim LLC lifted its holdings in shares of Ethan Allen Interiors by 11.9% in the second quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

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.