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

Ethan Allen Interiors Inc. (NYSE:ETD) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Tuesday, November 12th will be given a dividend of 0.39 per share on Wednesday, November 27th. This represents a $1.56 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Tuesday, November 12th.

Ethan Allen Interiors has raised its dividend by an average of 30.5% annually over the last three years. Ethan Allen Interiors has a payout ratio of 67.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ethan Allen Interiors to earn $2.65 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 58.9%.

Ethan Allen Interiors Stock Up 1.5 %

NYSE ETD traded up $0.42 on Friday, reaching $28.09. The company had a trading volume of 21,544 shares, compared to its average volume of 232,044. The company’s fifty day moving average is $30.63 and its 200 day moving average is $29.73. The stock has a market capitalization of $714.33 million, a P/E ratio of 11.20 and a beta of 1.25. Ethan Allen Interiors has a 52-week low of $25.33 and a 52-week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.10%. The company had revenue of $154.34 million for the quarter, compared to analyst estimates of $159.60 million. On average, research analysts expect that Ethan Allen Interiors will post 2.35 EPS for the current year.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total value of $317,400.00. Following the completion of the sale, the chief executive officer now owns 1,708,905 shares in the company, valued at approximately $54,240,644.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 30,000 shares of company stock worth $929,700. Company insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday.

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.