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

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Tuesday, January 27th. Investors of record on Wednesday, February 11th will be paid a dividend of 0.39 per share on Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Wednesday, February 11th.

Ethan Allen Interiors has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Ethan Allen Interiors has a dividend payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ethan Allen Interiors to earn $2.58 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 60.5%.

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD traded down $1.57 during midday trading on Thursday, hitting $22.58. 464,733 shares of the company’s stock were exchanged, compared to its average volume of 330,919. The company has a market cap of $574.58 million, a PE ratio of 12.18 and a beta of 1.16. The stock has a 50 day moving average price of $23.84 and a 200-day moving average price of $26.60. Ethan Allen Interiors has a 12 month low of $21.67 and a 12 month high of $32.61.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. The business had revenue of $149.92 million during the quarter, compared to analyst estimates of $152.25 million. Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. Ethan Allen Interiors’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. On average, analysts anticipate that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 2,168 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $54,221.68. Following the completion of the sale, the chief executive officer owned 1,483,228 shares in the company, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.92% of the company’s stock.

Hedge Funds Weigh In On Ethan Allen Interiors

Several institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in shares of Ethan Allen Interiors during the second quarter worth about $2,008,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Ethan Allen Interiors by 11.7% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,594 shares of the company’s stock worth $574,000 after purchasing an additional 2,151 shares during the last quarter. American Century Companies Inc. raised its holdings in Ethan Allen Interiors by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 837,971 shares of the company’s stock worth $23,337,000 after purchasing an additional 45,031 shares during the period. Mainstay Capital Management LLC ADV lifted its position in shares of Ethan Allen Interiors by 104.9% in the second quarter. Mainstay Capital Management LLC ADV now owns 118,187 shares of the company’s stock valued at $3,292,000 after acquiring an additional 60,499 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Ethan Allen Interiors during the second quarter valued at $1,411,000. Institutional investors own 83.80% of the company’s stock.

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.