Ethan Allen Interiors (NYSE:ETD) Shares Gap Down Following Weak Earnings

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report)'s share price gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $29.13, but opened at $27.12. Ethan Allen Interiors shares last traded at $26.59, with a volume of 143,883 shares.

The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. The business had revenue of $142.70 million for the quarter, compared to the consensus estimate of $146.85 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business's revenue was down 2.5% compared to the same quarter last year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date of this dividend is Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio is presently 69.33%.

Wall Street Analysts Forecast Growth

ETD has been the subject of several research reports. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group reissued a "market perform" rating on shares of Ethan Allen Interiors in a report on Tuesday, May 6th.

Insider Buying and Selling

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $26.31, for a total transaction of $263,100.00. Following the sale, the chief executive officer now directly owns 1,621,905 shares of the company's stock, valued at approximately $42,672,320.55. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 30,000 shares of company stock valued at $822,800. 10.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

Several institutional investors and hedge funds have recently bought and sold shares of ETD. IFP Advisors Inc lifted its holdings in shares of Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after acquiring an additional 900 shares during the period. State of Wyoming bought a new stake in Ethan Allen Interiors during the fourth quarter worth $52,000. Hillsdale Investment Management Inc. lifted its stake in Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock worth $53,000 after purchasing an additional 1,280 shares during the last quarter. Quarry LP boosted its holdings in shares of Ethan Allen Interiors by 73.3% in the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after purchasing an additional 1,101 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Ethan Allen Interiors in the 4th quarter valued at $112,000. Institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Stock Performance

The business has a fifty day moving average price of $27.23 and a 200 day moving average price of $28.47. The company has a market cap of $663.47 million, a price-to-earnings ratio of 10.96 and a beta of 1.20.

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.