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Why Ethan Allen Interiors Stock Dropped 14% in July

TheMotleyFool

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Why Ethan Allen Interiors Stock Dropped 14% in July

Shares of Ethan Allen Interiors (NYSE: ETH) fell 13.9% last month, according to data provided by S&P Global Market Intelligence. On July 22, the company released preliminary figures for the fiscal fourth quarter, showing better-than-expected net sales and adjusted earnings per share. The update caused a small bump in the stock's performance, but the shares still finished the month down.

At the start of the year, investors rotated out of growth stocks and into value stocks, which benefited investors in Ethan Allen. But in June, investors started to rotate back into growth stocks, which correlates with the recent sell-off.