Maryland State Retirement & Pension System bought a new position in Ethan Allen Interiors Inc. (NYSE: ETD – Get Rating) stock in Q1, HoldingsChannel.com reports. The fund bought 8,889 shares of the company, valued at around $232,000.
A number of other large investors have also recently increased or reduced their holdings in ETD. First Citizens Bank & Trust Co. acquired a new stake in Ethan Allen Interiors during Q4 valued at approximately $215,000. Pacer Advisors Inc. acquired a new stake in Ethan Allen Interiors during Q1 valued at approximately $4,156,000. Finally, Everence Capital Management Inc. acquired a new stake in Ethan Allen Interiors during Q1 valued at approximately $429,000. 85.11% of the shares are held by institutional investors and hedge funds.
NYSE ETD shares opened at $21.36 on Friday. The stock has a market capitalization of $540.88 million, a PE ratio of 6.07 and a beta of 1.10. The company has a fifty-day moving average price of $23.46 and a two-hundred-day moving average price of $24.89. Ethan Allen Interiors Inc. has a fifty-two week low of $19.89 and a fifty-two week high of $28.09.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last reported quarterly earnings data on Thursday, April 28. The company reported earnings per share of $0.93 for the quarter, beating the consensus estimate of $0.76 by $0.17. The company posted revenue of $197.66 million in the quarter, compared to $197.10 million expected by analysts. Ethan Allen Interiors achieved a return on equity of 24.15% and a net margin of 11.73%. The company’s quarterly revenue increased by 11.7% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.58. As a group, equity research analysts expect Ethan Allen Interiors Inc. to post earnings per share 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 per share. The ex-dividend date was Monday, May 9. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 5.99%. This is a boost from Ethan Allen Interiors’ previous quarterly dividend of $0.29. Ethan Allen Interiors’ payout ratio is 36.36%.
Separately, StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a Tuesday, May 17 report.
Ethan Allen Interiors Company Profile (Get a rating)
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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