Ethan Allen Interiors (NYSE:ETD) Shares Gap Up - Time to Buy?

Key Points

• Ethan Allen Interiors' share price gapped up to $31.22 at the start of trading, following a previous close of $30.03, and traded at $30.36 with a volume of 81,273 shares.
• The company reported quarterly earnings of $0.49 per share, exceeding analysts' expectations, and had revenue of $160.36 million, although this represented a 4.9% decrease from the prior year.
• A quarterly dividend of $0.39 per share has been announced, equating to an annualized dividend yield of 5.1%, with a payout ratio of 77.61%.

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $30.03, but opened at $31.22. Ethan Allen Interiors shares last traded at $30.36, with a volume of 81,273 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $30.00.

Ethan Allen Interiors Trading Up 1.3%

The business has a 50-day moving average price of $29.12 and a 200-day moving average price of $28.00. The firm has a market cap of $773.96 million, a P/E ratio of 15.14 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The business had revenue of $160.36 million for the quarter, compared to the consensus estimate of $152.20 million. During the same quarter in the prior year, the company earned $0.70 EPS. The business's revenue was down 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, August 13th 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 5.1%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio is 77.61%.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc lifted its stake 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 purchasing an additional 900 shares during the last quarter. State of Wyoming purchased a new stake in shares of Ethan Allen Interiors during the 4th quarter worth $52,000. Quarry LP lifted its stake in shares of Ethan Allen Interiors by 73.3% during the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock worth $73,000 after purchasing an additional 1,101 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of 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 purchasing an additional 2,398 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Ethan Allen Interiors by 344.8% during the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock worth $94,000 after purchasing an additional 2,634 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

About Ethan Allen Interiors

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.

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