Ethan Allen Interiors (NYSE:ETD) Director Cynthia Ekberg Tsai Buys 1,000 Shares

Ethan Allen Interiors Inc. (NYSE:ETD) Director Cynthia Ekberg Tsai purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were bought at an average price of $24.61 per share, for a total transaction of $24,610.00. Following the acquisition, the director owned 1,000 shares in the company, valued at $24,610. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock opened at $23.71 on Friday. The business has a 50-day simple moving average of $22.12 and a 200-day simple moving average of $22.21. Ethan Allen Interiors Inc. has a one year low of $18.28 and a one year high of $31.41. The company has a market cap of $603.42 million, a PE ratio of 15.20 and a beta of 1.02.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share (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 during the quarter, compared to the consensus estimate of $148.70 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. On average, sell-side analysts predict that Ethan Allen Interiors Inc. will post 1.35 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ETD. BlackRock Inc. acquired a new position in Ethan Allen Interiors in the 2nd quarter valued at $54,163,000. Bank of New York Mellon Corp purchased a new stake in shares of Ethan Allen Interiors in the second quarter valued at about $7,512,000. Balyasny Asset Management L.P. acquired a new position in shares of Ethan Allen Interiors during the second quarter worth about $5,845,000. JPMorgan Chase & Co. raised its holdings in Ethan Allen Interiors by 260.1% during the third quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company’s stock worth $5,647,000 after purchasing an additional 138,452 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Ethan Allen Interiors by 198.3% in the fourth quarter. Millennium Management LLC now owns 206,945 shares of the company’s stock valued at $4,727,000 after purchasing an additional 137,566 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Zacks Research cut Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Ethan Allen Interiors in a research report on Friday, July 31st. Finally, Telsey Advisory Group reduced their price objective on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, July 30th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Sell” and a consensus target price of $22.00.

About Ethan Allen Interiors

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.