Ethan Allen Interiors (NYSE:ETD) Reaches New 1-Year Low - Here's Why

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $24.55 and last traded at $25.10, with a volume of 7648 shares traded. The stock had previously closed at $25.26.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ETD. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group restated a "market perform" rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, January 30th.

Ethan Allen Interiors Stock Down 1.5 %

The business's 50 day moving average price is $27.93 and its 200-day moving average price is $28.93. The company has a market cap of $671.86 million, a PE ratio of 11.10 and a beta of 1.18.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. Equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

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Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.90%. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 65.55%.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total transaction of $292,700.00. Following the completion of the sale, the chief executive officer now owns 1,641,905 shares of the company's stock, valued at approximately $48,058,559.35. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 30,000 shares of company stock worth $846,400 in the last three months. 10.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of Ethan Allen Interiors in the 4th quarter valued at about $52,000. Hillsdale Investment Management Inc. raised its stake in Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock valued at $53,000 after buying an additional 1,280 shares in the last quarter. Quarry LP raised its stake in Ethan Allen Interiors by 73.3% during the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after buying an additional 1,101 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Ethan Allen Interiors during the 4th quarter worth approximately $112,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $216,000. 83.80% of the stock is currently owned by institutional investors.

About Ethan Allen Interiors

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.