Ethan Allen Interiors Inc. (NYSE:ETH) announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Monday, October 10th will be given a dividend of 0.17 per share on Tuesday, October 25th. This represents a $0.68 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Wednesday, October 5th.
Shares of Ethan Allen Interiors (NYSE:ETH) opened at 30.32 on Tuesday. The stock has a 50 day moving average of $33.22 and a 200 day moving average of $32.95. Ethan Allen Interiors has a 1-year low of $22.46 and a 1-year high of $36.77. The company has a market cap of $841.29 million, a price-to-earnings ratio of 15.16 and a beta of 1.60.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The company had revenue of $205.70 million for the quarter, compared to analysts’ expectations of $200.28 million. Ethan Allen Interiors had a net margin of 7.13% and a return on equity of 14.21%. Ethan Allen Interiors’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Analysts predict that Ethan Allen Interiors will post $2.17 EPS for the current year.
In related news, Director Tara I. Stacom acquired 3,000 shares of the company’s stock in a transaction dated Wednesday, September 21st. The stock was purchased at an average price of $33.31 per share, with a total value of $99,930.00. Following the completion of the purchase, the director now owns 6,300 shares in the company, valued at approximately $209,853. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Clinton A. Clark sold 3,357 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $34.04, for a total value of $114,272.28. Following the sale, the director now directly owns 3,679 shares of the company’s stock, valued at approximately $125,233.16. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ETH. Panagora Asset Management Inc. bought a new stake in Ethan Allen Interiors during the second quarter worth $187,000. Guggenheim Capital LLC raised its stake in shares of Ethan Allen Interiors by 18.2% in the second quarter. Guggenheim Capital LLC now owns 7,624 shares of the company’s stock worth $252,000 after buying an additional 1,172 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Ethan Allen Interiors by 4.7% in the second quarter. Profund Advisors LLC now owns 8,294 shares of the company’s stock worth $274,000 after buying an additional 370 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Ethan Allen Interiors by 13.6% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 9,200 shares of the company’s stock worth $304,000 after buying an additional 1,100 shares during the last quarter. Finally, Counsel Portfolio Services Inc. acquired a new stake in shares of Ethan Allen Interiors during the second quarter worth approximately $334,000. 98.85% of the stock is owned by hedge funds and other institutional investors.
ETH has been the topic of several research analyst reports. Dougherty & Co upped their price objective on shares of Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Raymond James Financial Inc. cut shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Citigroup Inc. cut shares of Ethan Allen Interiors to a “market perform” rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Nomura set a $34.00 price target on shares of Ethan Allen Interiors and gave the company a “hold” rating in a research report on Thursday, August 18th. Finally, Telsey Advisory Group upgraded shares of Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and increased their price target for the company from $33.00 to $40.00 in a research report on Tuesday, July 19th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $36.20.
About Ethan Allen Interiors
Ethan Allen Interiors Inc (Ethan Allen) through its wholly owned subsidiary, Ethan Allen Global, Inc, is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States.
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