Ethan Allen Interiors Inc. (NYSE:ETD) SVP Douglas H. Diefenbach Sells 666 Shares of Stock

Ethan Allen Interiors Inc. (NYSE:ETD) SVP Douglas H. Diefenbach sold 666 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $27.17, for a total value of $18,095.22. Following the completion of the sale, the senior vice president now owns 6,097 shares of the company’s stock, valued at $165,655.49. The trade was a 9.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ethan Allen Interiors Price Performance

Shares of ETD opened at $27.24 on Wednesday. The business’s 50-day moving average is $27.22 and its 200-day moving average is $28.39. The company has a market capitalization of $692.71 million, a price-to-earnings ratio of 11.45 and a beta of 1.20. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. The company had revenue of $142.70 million for the quarter, compared to analysts’ expectations of $146.85 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Thursday, May 15th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 69.33%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a “market perform” rating on shares of Ethan Allen Interiors in a research report on Tuesday, May 6th.

Institutional Trading of Ethan Allen Interiors

Hedge funds and other institutional investors have recently modified their holdings of the company. Royce & Associates LP grew its stake in Ethan Allen Interiors by 87.9% in the fourth quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock valued at $16,613,000 after purchasing an additional 276,534 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at about $3,254,000. Hodges Capital Management Inc. grew its stake in shares of Ethan Allen Interiors by 17.9% in the 4th quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock valued at $18,162,000 after buying an additional 98,227 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Ethan Allen Interiors by 177.1% in the fourth quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company’s stock worth $4,147,000 after buying an additional 94,287 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Ethan Allen Interiors by 54.1% in the fourth quarter. Teacher Retirement System of Texas now owns 261,025 shares of the company’s stock worth $7,337,000 after buying an additional 91,602 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

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.