Insider Buying: Ethan Allen Interiors (NYSE:ETD) Director Purchases $24,610.00 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD) Director Cynthia Ekberg Tsai bought 1,000 shares of Ethan Allen Interiors stock in a transaction on Wednesday, August 5th. The shares were acquired at an average cost of $24.61 per share, for a total transaction of $24,610.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $24,610. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ethan Allen Interiors Stock Up 0.9%

NYSE ETD traded up $0.20 on Friday, hitting $23.71. The company’s stock had a trading volume of 348,318 shares, compared to its average volume of 472,491. The company’s 50-day moving average is $22.06 and its 200 day moving average is $22.20. The firm has a market cap of $603.42 million, a PE ratio of 15.20 and a beta of 1.02. Ethan Allen Interiors Inc. has a 1-year low of $18.28 and a 1-year high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The company had revenue of $146.75 million for the quarter, compared to analyst estimates of $148.70 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. Ethan Allen Interiors’s revenue was down 8.5% compared to the same quarter last year. On average, equities analysts expect that Ethan Allen Interiors Inc. will post 1.35 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 12th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

A number of research firms have commented on ETD. Telsey Advisory Group reduced their price target on Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ethan Allen Interiors in a research note on Friday, July 31st. Finally, Zacks Research cut Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Ethan Allen Interiors presently has a consensus rating of “Sell” and an average target price of $22.00.

Hedge Funds Weigh In On Ethan Allen Interiors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL grew its stake in Ethan Allen Interiors by 117.1% during the third quarter. Tudor Investment Corp ET AL now owns 90,018 shares of the company’s stock worth $2,652,000 after purchasing an additional 48,557 shares during the period. Teacher Retirement System of Texas lifted its stake in Ethan Allen Interiors by 34.9% in the fourth quarter. Teacher Retirement System of Texas now owns 311,066 shares of the company’s stock valued at $7,105,000 after buying an additional 80,529 shares during the period. Fifth Third Bancorp lifted its stake in Ethan Allen Interiors by 2,144.5% in the first quarter. Fifth Third Bancorp now owns 40,042 shares of the company’s stock valued at $891,000 after buying an additional 38,258 shares during the period. Empowered Funds LLC bought a new position in shares of Ethan Allen Interiors during the 1st quarter worth approximately $1,958,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Ethan Allen Interiors by 52.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 87,384 shares of the company’s stock worth $1,945,000 after buying an additional 29,958 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.