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

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Tuesday, February 11th will be given a dividend of 0.39 per share on Wednesday, February 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Tuesday, February 11th.

Ethan Allen Interiors has increased its dividend by an average of 5.9% annually over the last three years. Ethan Allen Interiors has a dividend payout ratio of 62.4% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 2.7 %

Shares of ETD stock traded down $0.84 on Monday, hitting $30.18. 314,964 shares of the stock were exchanged, compared to its average volume of 278,951. The business has a 50-day moving average of $29.18 and a 200 day moving average of $29.87. The firm has a market capitalization of $767.45 million, a P/E ratio of 12.68 and a beta of 1.31. Ethan Allen Interiors has a fifty-two week low of $26.53 and a fifty-two week high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, research analysts forecast that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Monday, November 18th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,671,905 shares of the company's stock, valued at $48,100,706.85. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on ETD shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday. Argus reiterated a "hold" rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

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.