Ethan Allen Interiors Inc. (ETD) to Issue Quarterly Dividend of $0.39 on February 25th

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Wednesday, February 11th will be given a dividend of 0.39 per share on Wednesday, February 25th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date 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 every year for the last 1 years. Ethan Allen Interiors has a payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.6%

ETD opened at $24.57 on Monday. The firm has a market capitalization of $625.21 million, a P/E ratio of 14.28 and a beta of 1.20. The stock has a fifty day moving average of $23.88 and a 200-day moving average of $26.30. Ethan Allen Interiors has a 12-month low of $21.67 and a 12-month high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $149.92 million during the quarter, compared to analyst estimates of $152.25 million. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. On average, analysts expect that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Insider Activity at Ethan Allen Interiors

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

Institutional Investors Weigh In On Ethan Allen Interiors

A number of large investors have recently bought and sold shares of ETD. American Century Companies Inc. boosted its position in shares of Ethan Allen Interiors by 5.7% in the second quarter. American Century Companies Inc. now owns 837,971 shares of the company’s stock valued at $23,337,000 after acquiring an additional 45,031 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Ethan Allen Interiors in the 2nd quarter valued at $1,411,000. SG Capital Management LLC acquired a new stake in Ethan Allen Interiors in the 2nd quarter worth $8,087,000. Geode Capital Management LLC increased its holdings in shares of Ethan Allen Interiors by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 548,021 shares of the company’s stock worth $15,263,000 after purchasing an additional 6,729 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Ethan Allen Interiors during the 2nd quarter worth about $403,000. 83.80% of the stock is currently owned by institutional investors.

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.