Key Points
- Director Cynthia Ekberg Tsai purchased 1,000 Ethan Allen Interiors shares at an average price of $24.61, investing $24,610 and taking direct ownership of 1,000 shares.
- Ethan Allen beat quarterly EPS expectations, reporting $0.36 versus the $0.34 consensus, but revenue fell 8.5% year over year to $146.75 million and missed estimates.
- The company declared a $0.25 special dividend, while analysts maintained a generally negative outlook: the stock carries an average “Sell” rating and a $22 price target.
Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) Director Cynthia Ekberg Tsai acquired 1,000 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of $24.61 per share, with a total value of $24,610.00. Following the transaction, the director directly owned 1,000 shares of the company's stock, valued at $24,610. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ethan Allen Interiors Stock Performance
Shares of NYSE ETD opened at $23.71 on Friday. The firm has a market capitalization of $603.42 million, a P/E ratio of 15.20 and a beta of 1.02. Ethan Allen Interiors Inc. has a one year low of $18.28 and a one year high of $31.41. The company's fifty day moving average is $22.12 and its two-hundred day moving average is $22.21.
Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The business had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The business's revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. On average, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 1.35 earnings per share for the current fiscal year.
Ethan Allen Interiors Announces Dividend
The business also recently announced a special dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. Ethan Allen Interiors's dividend payout ratio (DPR) is 100.00%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on ETD shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ethan Allen Interiors in a research note on Friday, July 31st. Zacks Research cut Ethan Allen Interiors from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Finally, Telsey Advisory Group cut their price target on Ethan Allen Interiors from $24.00 to $22.00 and set a "market perform" rating for the company in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Sell" and an average price target of $22.00.
Read Our Latest Report on ETD
Institutional Trading of Ethan Allen Interiors
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in Ethan Allen Interiors by 365.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company's stock valued at $85,000 after purchasing an additional 2,398 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Ethan Allen Interiors by 132.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company's stock worth $87,000 after buying an additional 2,219 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Ethan Allen Interiors during the first quarter worth about $88,000. Dunhill Financial LLC acquired a new position in shares of Ethan Allen Interiors in the second quarter valued at approximately $92,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ethan Allen Interiors by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company's stock valued at $130,000 after buying an additional 1,565 shares during the period. Institutional investors and hedge funds own 83.80% of the company's stock.
Ethan Allen Interiors Company Profile
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Get Free Report)
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.
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