Janney Montgomery Scott LLC grew its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD – Free Report) by 52.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 87,384 shares of the company’s stock after acquiring an additional 29,958 shares during the period. Janney Montgomery Scott LLC’s holdings in Ethan Allen Interiors were worth $1,945,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Ethan Allen Interiors by 1.5% in the 1st quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock valued at $3,171,000 after acquiring an additional 1,655 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ethan Allen Interiors by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after acquiring an additional 538 shares in the last quarter. Jane Street Group LLC grew its position 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 acquiring an additional 88,383 shares during the last quarter. First Trust Advisors LP grew its position in Ethan Allen Interiors by 3.9% during the 2nd quarter. First Trust Advisors LP now owns 81,299 shares of the company’s stock worth $2,264,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Ethan Allen Interiors in the 2nd quarter worth about $682,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, April 30th. Weiss Ratings cut Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $24.00.
Ethan Allen Interiors Stock Up 0.9%
ETD opened at $21.41 on Friday. The company has a fifty day moving average of $20.84 and a 200-day moving average of $22.27. Ethan Allen Interiors Inc. has a twelve month low of $18.28 and a twelve month high of $31.41. The stock has a market cap of $544.78 million, a PE ratio of 13.55 and a beta of 1.01.
Ethan Allen Interiors (NYSE:ETD – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The firm had revenue of $135.84 million for the quarter, compared to analysts’ expectations of $134.85 million. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that Ethan Allen Interiors Inc. will post 1.45 EPS for the current fiscal year.
Ethan Allen Interiors Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Wednesday, May 13th. Ethan Allen Interiors’s dividend payout ratio is 98.73%.
About Ethan Allen Interiors
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.
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