Cynthia Ekberg Tsai Purchases 1,000 Shares of Ethan Allen Interiors (NYSE:ETD) Stock

Ethan Allen Interiors Inc. (NYSE:ETD) Director Cynthia Ekberg Tsai bought 1,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was purchased at an average price of $24.61 per share, with a total value of $24,610.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at $24,610. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ethan Allen Interiors Price Performance

ETD opened at $23.71 on Friday. Ethan Allen Interiors Inc. has a fifty-two week low of $18.28 and a fifty-two week high of $31.41. The firm has a market capitalization of $603.42 million, a P/E ratio of 15.20 and a beta of 1.02. The company’s 50-day moving average is $22.12 and its 200 day moving average is $22.21.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data 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. The business had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. On average, equities research analysts expect that Ethan Allen Interiors Inc. will post 1.35 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Trading of Ethan Allen Interiors

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after buying an additional 2,398 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Ethan Allen Interiors by 132.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock valued at $87,000 after buying an additional 2,219 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Ethan Allen Interiors during the 1st quarter valued at $88,000. Dunhill Financial LLC bought a new stake in Ethan Allen Interiors during the 2nd quarter valued at $92,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ethan Allen Interiors by 38.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock valued at $130,000 after acquiring an additional 1,565 shares during the period. 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.