Ethan Allen Interiors Inc. (NYSE:ETH) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $23.28 and last traded at $23.25, with a volume of 125722 shares trading hands. The stock had previously closed at $23.45.
ETH has been the topic of a number of recent research reports. Zacks Investment Research raised Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, January 19th. Stifel Nicolaus reduced their target price on Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, January 25th. Finally, Telsey Advisory Group reduced their price target on Ethan Allen Interiors from $27.00 to $26.00 and set a “market perform” rating on the stock in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.50.
The stock has a market capitalization of $644.31, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The company had revenue of $198.50 million for the quarter, compared to analyst estimates of $198.50 million. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. equities research analysts expect that Ethan Allen Interiors Inc. will post 1.6 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio is presently 58.02%.
In other Ethan Allen Interiors news, CFO Corey Whitely purchased 1,700 shares of Ethan Allen Interiors stock in a transaction on Thursday, February 8th. The shares were bought at an average price of $24.65 per share, with a total value of $41,905.00. Following the purchase, the chief financial officer now directly owns 12,574 shares in the company, valued at approximately $309,949.10. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman M Farooq Kathwari purchased 4,090 shares of Ethan Allen Interiors stock in a transaction on Thursday, February 8th. The shares were acquired at an average cost of $24.37 per share, for a total transaction of $99,673.30. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 6,630 shares of company stock worth $161,654. Corporate insiders own 10.50% of the company’s stock.
Several institutional investors have recently modified their holdings of ETH. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $259,000. Teacher Retirement System of Texas acquired a new stake in shares of Ethan Allen Interiors during the 4th quarter worth $256,000. PEAK6 Investments L.P. acquired a new stake in shares of Ethan Allen Interiors during the 4th quarter worth $258,000. SG Americas Securities LLC increased its holdings in shares of Ethan Allen Interiors by 180.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock worth $352,000 after buying an additional 6,986 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Ethan Allen Interiors during the 4th quarter worth $311,000. 99.41% of the stock is currently owned by institutional investors.
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Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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