Ethan Allen Interiors Inc. (NYSE:ETH) announced a quarterly dividend on Thursday, November 17th. Stockholders of record on Tuesday, January 10th will be paid a dividend of 0.19 per share on Tuesday, January 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, January 6th. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.17.

Shares of Ethan Allen Interiors (NYSE:ETH) opened at 34.50 on Friday. The stock’s 50 day moving average is $30.99 and its 200-day moving average is $32.84. Ethan Allen Interiors has a one year low of $22.46 and a one year high of $36.77. The firm has a market cap of $953.93 million, a P/E ratio of 17.68 and a beta of 1.05.

Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Tuesday, October 25th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.04. Ethan Allen Interiors had a return on equity of 13.77% and a net margin of 6.90%. The company had revenue of $193.30 million for the quarter, compared to analyst estimates of $193.90 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts anticipate that Ethan Allen Interiors will post $2.05 EPS for the current fiscal year.

Dividend History for Ethan Allen Interiors (NYSE:ETH)

Several research analysts have weighed in on ETH shares. Nomura restated a “hold” rating and set a $34.00 target price on shares of Ethan Allen Interiors in a research report on Friday, September 30th. Dougherty & Co upped their target price on shares of Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Raymond James Financial Inc. lowered shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Citigroup Inc. lowered shares of Ethan Allen Interiors to a “market perform” rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Finally, Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Sunday, July 31st. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $37.50.

In other Ethan Allen Interiors news, Director Tara I. Stacom purchased 3,000 shares of Ethan Allen Interiors stock in a transaction on Wednesday, September 21st. The shares were bought at an average price of $33.31 per share, with a total value of $99,930.00. Following the completion of the acquisition, the director now directly owns 6,300 shares of the company’s stock, valued at $209,853. The transaction was disclosed in a document filed with the SEC, which is available through this link. 11.00% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. BlackRock Fund Advisors increased its position in shares of Ethan Allen Interiors by 0.7% in the second quarter. BlackRock Fund Advisors now owns 2,002,307 shares of the company’s stock valued at $66,156,000 after buying an additional 14,900 shares during the last quarter. Northern Trust Corp increased its position in shares of Ethan Allen Interiors by 0.8% in the third quarter. Northern Trust Corp now owns 832,757 shares of the company’s stock valued at $26,039,000 after buying an additional 6,922 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Ethan Allen Interiors by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 648,430 shares of the company’s stock valued at $20,276,000 after buying an additional 7,401 shares during the last quarter. State Street Corp increased its position in shares of Ethan Allen Interiors by 2.1% in the second quarter. State Street Corp now owns 519,451 shares of the company’s stock valued at $17,164,000 after buying an additional 10,783 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Ethan Allen Interiors by 3.6% in the second quarter. Lord Abbett & CO. LLC now owns 454,833 shares of the company’s stock valued at $15,028,000 after buying an additional 15,619 shares during the last quarter. 98.85% of the stock is currently owned by institutional investors.

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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