Ethan Allen Interiors Inc. (NYSE:ETD) to Issue $0.39 Quarterly Dividend

Ethan Allen Interiors Inc. (NYSE:ETD) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Tuesday, February 11th will be paid a dividend of 0.39 per share on Wednesday, February 26th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, February 11th.

Ethan Allen Interiors has raised its dividend payment by an average of 5.9% annually over the last three years. Ethan Allen Interiors has a payout ratio of 62.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ethan Allen Interiors to earn $2.55 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 61.2%.

Ethan Allen Interiors Stock Performance

Shares of ETD traded up $3.11 during mid-day trading on Thursday, reaching $31.68. The company had a trading volume of 1,268,416 shares, compared to its average volume of 257,085. The company has a market capitalization of $805.50 million, a price-to-earnings ratio of 12.82 and a beta of 1.31. The firm has a 50-day moving average price of $29.11 and a 200 day moving average price of $29.86. Ethan Allen Interiors has a 52 week low of $26.53 and a 52 week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.12%. As a group, research analysts forecast that Ethan Allen Interiors will post 2.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $28.67, for a total transaction of $286,700.00. Following the transaction, the chief executive officer now directly owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ETD has been the topic of several research reports. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday.

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.