Insider Selling: Ethan Allen Interiors VP Sells 1,250 Shares of Stock (ETH)
Ethan Allen Interiors (NYSE:ETH) VP Lynda Stout sold 1,250 shares of Ethan Allen Interiors stock on the open market in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $25.00, for a total value of $31,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ethan Allen Interiors (NYSE:ETH) traded up 0.08% on Friday, hitting $24.82. The stock had a trading volume of 112,991 shares. Ethan Allen Interiors has a one year low of $23.88 and a one year high of $33.36. The stock has a 50-day moving average of $27.54 and a 200-day moving average of $27.89. The company has a market cap of $717.7 million and a P/E ratio of 21.95.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.41 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.41. The company had revenue of $193.10 million for the quarter, compared to the consensus estimate of $201.22 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Ethan Allen Interiors will post $1.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 25th. Investors of record on Thursday, April 10th will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, April 8th.
A number of analysts have recently weighed in on ETH shares. Analysts at McLean Capital Management downgraded shares of Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. Separately, analysts at Zacks downgraded shares of Ethan Allen Interiors from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 15th. They now have a $24.70 price target on the stock. Finally, analysts at Dougherty & Co downgraded shares of Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.23.
Ethan Allen Interiors Inc (NYSE:ETH), through its wholly owned subsidiary, Ethan Allen Global, Inc and Ethan Allen Global, Inc’s subsidiaries, is a manufacturer and retailer of home furnishings and accessories, offering a complement of home decorating and design solutions through home furnishing retail networks.
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