Ethan Allen Interiors Inc. (NYSE:ETH) SVP Daniel M. Grow sold 1,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $19.24, for a total transaction of $28,860.00. Following the completion of the sale, the senior vice president now owns 4,214 shares in the company, valued at approximately $81,077.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE ETH traded up $0.02 during mid-day trading on Friday, reaching $18.61. The company had a trading volume of 1 shares, compared to its average volume of 199,788. The business’s 50-day moving average is $18.01 and its 200-day moving average is $19.96. The stock has a market cap of $509.14 million, a price-to-earnings ratio of 11.92 and a beta of 0.99. Ethan Allen Interiors Inc. has a 52 week low of $16.63 and a 52 week high of $23.11.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.04). Ethan Allen Interiors had a return on equity of 11.13% and a net margin of 3.44%. The business had revenue of $183.90 million during the quarter, compared to analysts’ expectations of $200.20 million. During the same period last year, the company earned $0.43 earnings per share. The firm’s revenue was down 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that Ethan Allen Interiors Inc. will post 1.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 4.51%. Ethan Allen Interiors’s dividend payout ratio is 48.72%.
Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in Ethan Allen Interiors by 1,314.0% in the second quarter. Parallel Advisors LLC now owns 1,513 shares of the company’s stock worth $32,000 after acquiring an additional 1,406 shares during the period. Quantamental Technologies LLC lifted its stake in Ethan Allen Interiors by 804.5% in the second quarter. Quantamental Technologies LLC now owns 3,582 shares of the company’s stock worth $75,000 after acquiring an additional 3,186 shares during the period. Financial Engines Advisors L.L.C. purchased a new stake in Ethan Allen Interiors in the second quarter worth about $205,000. Bank of Montreal Can lifted its stake in Ethan Allen Interiors by 24.9% in the second quarter. Bank of Montreal Can now owns 10,071 shares of the company’s stock worth $212,000 after acquiring an additional 2,009 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in Ethan Allen Interiors by 39.2% in the first quarter. BNP Paribas Arbitrage SA now owns 10,717 shares of the company’s stock worth $205,000 after acquiring an additional 3,020 shares during the period. 91.86% of the stock is owned by institutional investors.
A number of research analysts have weighed in on ETH shares. ValuEngine cut shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th. Zacks Investment Research cut shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Ethan Allen Interiors presently has an average rating of “Hold” and an average price target of $20.82.
Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through 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 accents and other 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.
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