Insider Buying: Ethan Allen Interiors (NYSE:ETD) Director Buys $24,610.00 in Stock

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

Ethan Allen Interiors Price Performance

Shares of NYSE ETD opened at $23.71 on Monday. The firm has a fifty day moving average price of $22.12 and a 200-day moving average price of $22.19. The stock has a market cap of $603.42 million, a PE ratio of 15.20 and a beta of 1.02. Ethan Allen Interiors Inc. has a 1 year low of $18.28 and a 1 year high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $146.75 million for the quarter, compared to analysts’ expectations of $148.70 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. Ethan Allen Interiors’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS. On average, research analysts expect that Ethan Allen Interiors Inc. will post 1.35 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. Ethan Allen Interiors’s dividend payout ratio is 100.00%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Ethan Allen Interiors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ETD. BlackRock Inc. bought a new stake in Ethan Allen Interiors in the 2nd quarter worth approximately $54,163,000. Vanguard Group Inc. boosted its position in shares of Ethan Allen Interiors by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,760,093 shares of the company’s stock valued at $51,852,000 after acquiring an additional 32,751 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Ethan Allen Interiors by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,132,118 shares of the company’s stock valued at $25,858,000 after purchasing an additional 83,903 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Ethan Allen Interiors by 3.8% in the fourth quarter. Royce & Associates LP now owns 613,545 shares of the company’s stock valued at $14,013,000 after purchasing an additional 22,390 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Ethan Allen Interiors by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 613,308 shares of the company’s stock worth $14,008,000 after purchasing an additional 7,972 shares during the last quarter. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Company Profile

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.