Ethan Allen Interiors (NYSE:ETD) sets new 1-year low at $20.85

Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) hit a new 52-week low during midday trading on Tuesday. The stock traded as low as $20.85 and last traded at $20.85, with volume at 12,508 shares. The stock previously closed at $21.39.

Separately, upgraded Ethan Allen Interiors’ shares from a “hold” rating to a “buy” rating in a Tuesday, May 17 report.

The company’s fifty-day moving average is $24.25 and its 200-day moving average is $25.08. The company has a market capitalization of $516.78 million, a P/E ratio of 6.08 and a beta of 1.10.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its quarterly results on Thursday, April 28. The company reported earnings per share of $0.93 for the quarter, beating consensus analyst estimates of $0.76 by $0.17. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.15%. The company posted revenue of $197.66 million in the quarter, versus a consensus estimate of $197.10 million. During the same period of the previous year, the company achieved EPS of $0.58. The company’s revenue increased 11.7% year over year. On average, stock analysts expect Ethan Allen Interiors Inc. to post EPS of 3.49 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Tuesday, May 10 received a dividend of $0.32. The ex-dividend date was Monday, May 9. This is an increase from Ethan Allen Interiors’ previous quarterly dividend of $0.29. This represents a dividend of $1.28 on an annualized basis and a yield of 6.27%. Ethan Allen Interiors’ dividend payout ratio is 36.36%.

Institutional investors have recently changed their stake in the company. Hillsdale Investment Management Inc. bought a new stake in Ethan Allen Interiors in Q1 for $33,000. Metropolitan Life Insurance Co NY acquired a new position in Ethan Allen Interiors stock in Q1 worth $39,000. PNC Financial Services Group Inc. acquired a new position in Ethan Allen Interiors stock in Q1 worth $41,000. Dorsey Wright & Associates acquired a new position in shares of Ethan Allen Interiors in Q1 worth $42,000. Finally, Fifth Third Bancorp acquired a new position in shares of Ethan Allen Interiors in Q1 worth $43,000. 85.11% of the shares are held by hedge funds and other institutional investors.

About Ethan Allen Interiors (NYSE:ETD)

Ethan Allen Interiors Inc operates as an interior design company and home furnishings manufacturer and retailer in the United States, Mexico, Honduras and Canada. The Company operates through two segments, Wholesale and Retail. Its products include storage items, such as beds, dressers, cabinets, tables, chairs, sideboards, entertainment units, home office furniture and wood accents; upholstery items including sleepers, recliners and other moveable furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics and leather; and home accent items including window treatments and drapery hardware, wall hangings, flowers, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furniture.

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