Cynthia Ekberg Tsai Purchases 1,000 Shares of Ethan Allen Interiors (NYSE:ETD) Stock

Key Points

• Director Cynthia Ekberg Tsai bought 1,000 Ethan Allen shares at an average price of $24.61, investing $24,610 and establishing a direct stake in the company.
• Ethan Allen’s latest quarterly results beat EPS expectations, reporting $0.36 per share versus the $0.34 consensus, but revenue fell 8.5% year over year to $146.75 million.
• The stock traded at $23.71, while analysts maintained a largely negative outlook: the consensus rating was “Sell” with a $22 price target. The company also declared a $0.25 special dividend payable August 26 to shareholders of record August 12.

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) Director Cynthia Ekberg Tsai purchased 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average price of $24.61 per share, for a total transaction of $24,610.00. Following the transaction, the director directly owned 1,000 shares of the company's stock, valued at $24,610. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Ethan Allen Interiors Trading Up 0.9%

Ethan Allen Interiors stock traded up $0.20 during trading hours on Friday, reaching $23.71. 348,318 shares of the stock were exchanged, compared to its average volume of 472,491. Ethan Allen Interiors Inc. has a twelve month low of $18.28 and a twelve month high of $31.41. The company has a market cap of $603.42 million, a P/E ratio of 15.20 and a beta of 1.02. The stock has a 50 day moving average of $22.06 and a two-hundred day moving average of $22.20.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The company had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The firm's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. On average, analysts expect that Ethan Allen Interiors Inc. will post 1.35 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, August 12th. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

ETD has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of Ethan Allen Interiors in a research report on Friday, July 31st. Telsey Advisory Group decreased their target price on Ethan Allen Interiors from $24.00 to $22.00 and set a "market perform" rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research cut shares of Ethan Allen Interiors from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Sell" and a consensus price target of $22.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company's stock worth $85,000 after acquiring an additional 2,398 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Ethan Allen Interiors by 132.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company's stock valued at $87,000 after purchasing an additional 2,219 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Ethan Allen Interiors in the first quarter valued at about $88,000. Dunhill Financial LLC acquired a new stake in shares of Ethan Allen Interiors during the second quarter valued at about $92,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ethan Allen Interiors by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company's stock valued at $130,000 after purchasing an additional 1,565 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc NYSE: ETD is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.

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