Q1 2023 EPS Estimates for Ethan Allen Interiors Inc. Lowered by Telsey Advisory Group (NYSE:ETD)

Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) – Telsey Advisory Group cut their Q1 2023 earnings per share (EPS) estimates for Ethan Allen Interiors in a report issued on Monday, August 1st. Telsey Advisory Group analyst C. Fernandez now expects that the company will post earnings of $0.74 per share for the quarter, down from their previous estimate of $0.77. Telsey Advisory Group currently has a “Market Perform” rating and a $25.00 price target on the stock. The consensus estimate for Ethan Allen Interiors’ current full-year earnings is $3.48 per share.

Separately, StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, May 17th.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $23.33 on Wednesday. Ethan Allen Interiors has a one year low of $19.60 and a one year high of $28.04. The business’s 50-day simple moving average is $21.91 and its 200 day simple moving average is $24.10. The stock has a market cap of $590.76 million, a price-to-earnings ratio of 6.63 and a beta of 1.15.

Institutional Trading of Ethan Allen Interiors

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Ethan Allen Interiors by 31.3% in the second quarter. Envestnet Asset Management Inc. now owns 17,604 shares of the company’s stock valued at $356,000 after buying an additional 4,199 shares during the last quarter. Congress Asset Management Co. MA bought a new stake in Ethan Allen Interiors in the second quarter valued at about $205,000. SG Americas Securities LLC increased its holdings in Ethan Allen Interiors by 203.2% in the second quarter. SG Americas Securities LLC now owns 17,272 shares of the company’s stock valued at $349,000 after buying an additional 11,576 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Ethan Allen Interiors by 18.6% in the second quarter. Russell Investments Group Ltd. now owns 60,425 shares of the company’s stock valued at $1,220,000 after buying an additional 9,455 shares during the last quarter. Finally, First Dallas Securities Inc. increased its holdings in Ethan Allen Interiors by 6.6% in the second quarter. First Dallas Securities Inc. now owns 100,431 shares of the company’s stock valued at $2,030,000 after buying an additional 6,178 shares during the last quarter. 85.11% of the stock is owned by institutional investors.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Tuesday, August 16th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.49%. The ex-dividend date of this dividend is Monday, August 15th. Ethan Allen Interiors’s dividend payout ratio is currently 36.36%.

About Ethan Allen Interiors

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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 items comprising 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.