Ethan Allen Interiors Inc. (ETH) Chairman Purchases $99,673.30 in Stock

Ethan Allen Interiors Inc. (NYSE:ETH) Chairman M Farooq Kathwari bought 4,090 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $24.37 per share, with a total value of $99,673.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ethan Allen Interiors Inc. (NYSE ETH) traded up $0.15 during midday trading on Friday, reaching $24.45. 127,184 shares of the company’s stock traded hands, compared to its average volume of 386,060. Ethan Allen Interiors Inc. has a 1 year low of $23.50 and a 1 year high of $33.13. The company has a market capitalization of $667.54, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.65 and a beta of 1.17.

Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.06%. The firm had revenue of $198.50 million for the quarter, compared to analyst estimates of $198.50 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. analysts forecast that Ethan Allen Interiors Inc. will post 1.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.11%. The ex-dividend date is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 58.46%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its position in Ethan Allen Interiors by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock worth $627,000 after acquiring an additional 225 shares in the last quarter. Thrivent Financial For Lutherans grew its position in Ethan Allen Interiors by 5.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,340 shares of the company’s stock valued at $495,000 after purchasing an additional 860 shares during the period. TIAA CREF Investment Management LLC grew its position in Ethan Allen Interiors by 1.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 87,672 shares of the company’s stock valued at $2,832,000 after purchasing an additional 1,264 shares during the period. Voya Investment Management LLC grew its position in Ethan Allen Interiors by 8.4% in the 2nd quarter. Voya Investment Management LLC now owns 20,074 shares of the company’s stock valued at $648,000 after purchasing an additional 1,550 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Ethan Allen Interiors by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 327,865 shares of the company’s stock valued at $10,592,000 after purchasing an additional 1,663 shares during the period. 96.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, December 20th. Stifel Nicolaus cut their price objective on shares of Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 25th. Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, October 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price objective (down previously from $33.00) on shares of Ethan Allen Interiors in a research report on Wednesday, January 17th. Finally, KeyCorp reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $30.80.

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About Ethan Allen Interiors

Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.

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