Ethan Allen Interiors Inc. (ETD) to Distribute Quarterly Dividend of $0.20 on December 4th

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Monday, November 9th. Investors of record on Friday, November 20th will be paid a dividend of $0.20 per share on Friday, December 4th. This represents a $0.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, November 20th.

Ethan Allen Interiors has a dividend payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ethan Allen Interiors to earn $1.30 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 120.0%.

Ethan Allen Interiors Price Performance

ETD stock opened at $18.06 on Wednesday. Ethan Allen Interiors has a 1 year low of $17.40 and a 1 year high of $25.26. The company has a market cap of $455.11 million, a P/E ratio of 14.80 and a beta of 1.09. The firm has a 50-day moving average of $20.95 and a 200 day moving average of $21.93.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Monday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). Ethan Allen Interiors had a return on equity of 6.12% and a net margin of 5.54%. The firm had revenue of $129.60 million during the quarter, compared to the consensus estimate of $135.60 million. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue was down 11.8% on a year-over-year basis. On average, equities research analysts expect that Ethan Allen Interiors will post 1.30 earnings per share for the current fiscal year.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Kathwari sold 1,063 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $25.04, for a total value of $26,617.52. Following the completion of the transaction, the chief executive officer directly owned 22,077 shares in the company, valued at $552,808.08. The trade was a 4.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Ethan Allen Interiors in the 2nd quarter worth about $54,163,000. Royce & Associates LP boosted its holdings in shares of Ethan Allen Interiors by 5.5% during the 3rd quarter. Royce & Associates LP now owns 964,280 shares of the company’s stock valued at $20,163,000 after acquiring an additional 50,000 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Ethan Allen Interiors in the second quarter worth approximately $7,512,000. Renaissance Technologies LLC grew its stake in shares of Ethan Allen Interiors by 11.5% in the first quarter. Renaissance Technologies LLC now owns 261,177 shares of the company’s stock worth $5,814,000 after acquiring an additional 26,976 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Ethan Allen Interiors during the second quarter valued at approximately $5,445,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc. is a vertically integrated home furnishings company that designs, manufactures, markets and sells furniture and related home products. Its offerings include upholstered and wood furniture, rugs, lighting, bedding and decorative accessories for living rooms, dining rooms, bedrooms and other spaces. The company also provides interior design services through its design centers, where customers can work with designers on individual purchases or coordinated home furnishings.