First Citizens Bank & Trust Co. Takes $403,000 Position in Ethan Allen Interiors Inc. $ETD

First Citizens Bank & Trust Co. acquired a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,479 shares of the company’s stock, valued at approximately $403,000. First Citizens Bank & Trust Co. owned about 0.06% of Ethan Allen Interiors as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Ethan Allen Interiors by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company’s stock valued at $46,553,000 after buying an additional 13,822 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ethan Allen Interiors by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company’s stock worth $24,993,000 after purchasing an additional 64,565 shares during the last quarter. American Century Companies Inc. lifted its holdings in Ethan Allen Interiors by 9.2% during the 1st quarter. American Century Companies Inc. now owns 792,940 shares of the company’s stock worth $21,964,000 after purchasing an additional 66,727 shares during the last quarter. LSV Asset Management lifted its holdings in Ethan Allen Interiors by 9.7% during the 1st quarter. LSV Asset Management now owns 585,200 shares of the company’s stock worth $16,210,000 after purchasing an additional 51,700 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Ethan Allen Interiors by 31.2% during the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after purchasing an additional 88,383 shares during the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ETD. Weiss Ratings reissued a “hold (c+)” rating on shares of Ethan Allen Interiors in a report on Wednesday, October 8th. Telsey Advisory Group reissued a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday. Finally, Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ethan Allen Interiors presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $28.01, for a total transaction of $420,150.00. Following the sale, the chief executive officer owned 1,583,652 shares in the company, valued at $44,358,092.52. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 31,400 shares of company stock worth $900,866 in the last quarter. Company insiders own 9.92% of the company’s stock.

Ethan Allen Interiors Stock Up 0.1%

NYSE ETD opened at $27.58 on Monday. The stock’s 50-day simple moving average is $28.86 and its two-hundred day simple moving average is $28.28. Ethan Allen Interiors Inc. has a twelve month low of $24.55 and a twelve month high of $32.61. The company has a market capitalization of $701.94 million, a price-to-earnings ratio of 13.72 and a beta of 1.12.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating 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 last year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were given a dividend of $0.39 per share. The ex-dividend date was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.7%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 77.61%.

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.