Ethan Allen Interiors Inc. (NYSE:ETD) to Issue $0.39 Quarterly Dividend

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Tuesday, February 11th will be paid a dividend of 0.39 per share on Wednesday, February 26th. This represents a $1.56 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Tuesday, February 11th.

Ethan Allen Interiors has raised its dividend by an average of 5.9% per year over the last three years. Ethan Allen Interiors has a dividend payout ratio of 62.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ethan Allen Interiors to earn $2.55 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 61.2%.

Ethan Allen Interiors Price Performance

ETD stock opened at $31.68 on Friday. The business has a 50-day moving average of $29.11 and a 200-day moving average of $29.86. Ethan Allen Interiors has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The stock has a market capitalization of $805.50 million, a P/E ratio of 13.31 and a beta of 1.31.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share 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%. Equities analysts expect that Ethan Allen Interiors will post 2.3 EPS for the current year.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the sale, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. This represents a 0.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.48% of the company’s stock.

Analyst Ratings Changes

ETD has been the topic of several analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research report 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.