SG Americas Securities LLC Buys 36,551 Shares of Ethan Allen Interiors Inc. $ETD

SG Americas Securities LLC increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 865.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,774 shares of the company’s stock after acquiring an additional 36,551 shares during the quarter. SG Americas Securities LLC’s holdings in Ethan Allen Interiors were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Ethan Allen Interiors by 5.7% during the second quarter. American Century Companies Inc. now owns 837,971 shares of the company’s stock valued at $23,337,000 after purchasing an additional 45,031 shares during the period. Geode Capital Management LLC boosted its position in Ethan Allen Interiors by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 548,021 shares of the company’s stock valued at $15,263,000 after buying an additional 6,729 shares during the period. Bank of New York Mellon Corp grew its holdings in Ethan Allen Interiors by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 416,033 shares of the company’s stock worth $11,587,000 after acquiring an additional 8,311 shares during the last quarter. Jane Street Group LLC increased its position in shares of Ethan Allen Interiors by 31.2% in the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock valued at $10,304,000 after acquiring an additional 88,383 shares during the period. Finally, SG Capital Management LLC bought a new position in shares of Ethan Allen Interiors during the second quarter valued at about $8,087,000. Institutional investors own 83.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ETD shares. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Finally, Telsey Advisory Group decreased their target price on Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Ethan Allen Interiors presently has a consensus rating of “Reduce” and a consensus target price of $28.00.

Ethan Allen Interiors Price Performance

NYSE:ETD opened at $24.66 on Friday. The firm’s 50-day moving average price is $23.55 and its 200-day moving average price is $26.91. The company has a market capitalization of $627.47 million, a PE ratio of 13.33 and a beta of 1.16. Ethan Allen Interiors Inc. has a 1-year low of $21.67 and a 1-year high of $32.61.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $146.98 million for the quarter, compared to analysts’ expectations of $149.15 million. Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. The company’s revenue was down 4.8% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share. Equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, November 12th. Ethan Allen Interiors’s payout ratio is currently 84.32%.

Ethan Allen Interiors Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.