Ethan Allen Interiors Inc. (NYSE:ETD) Declares Quarterly Dividend of $0.39

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Investors of record on Tuesday, August 13th will be paid a dividend of 0.39 per share on Thursday, August 29th. This represents a $1.56 annualized dividend and a yield of 4.87%. The ex-dividend date is Tuesday, August 13th.

Ethan Allen Interiors has increased its dividend payment by an average of 30.5% annually over the last three years. Ethan Allen Interiors has a payout ratio of 66.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ethan Allen Interiors to earn $2.35 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 66.4%.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock traded up $1.16 on Thursday, hitting $32.03. The company had a trading volume of 677,526 shares, compared to its average volume of 203,891. Ethan Allen Interiors has a 1 year low of $25.33 and a 1 year high of $36.19. The stock has a 50 day moving average of $28.38 and a 200-day moving average of $30.23. The stock has a market capitalization of $813.88 million, a price-to-earnings ratio of 11.81 and a beta of 1.28.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.16. Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. The business had revenue of $168.63 million during the quarter, compared to analyst estimates of $159.65 million. During the same period in the prior year, the firm posted $0.96 EPS. Ethan Allen Interiors’s quarterly revenue was down 10.0% compared to the same quarter last year. Equities analysts anticipate that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $31.05, for a total value of $310,500.00. Following the completion of the transaction, the chief executive officer now owns 1,715,193 shares in the company, valued at approximately $53,256,742.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a report on Wednesday, July 24th.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in 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 comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent 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.