Comerica Bank bought a new stake in the shares of Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) in Q1, Holdings Channel reports. The fund bought 19,070 shares of the company, valued at around $504,000.
Other hedge funds have also increased or reduced their stakes in the company. Fifth Third Bancorp bought a new position in Ethan Allen Interiors during Q1 worth $43,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Ethan Allen Interiors during the 1st quarter for a value of $108,000. Advisor Partners LLC bought a new position in Ethan Allen Interiors during Q1 worth $209,000. First Citizens Bank & Trust Co. bought a new position in Ethan Allen Interiors during Q4 worth $215,000. Finally, Oregon Public Employees Retirement Fund bought a new position in Ethan Allen Interiors during Q1 worth $215,000. Institutional investors and hedge funds hold 85.11% of the company’s shares.
Ethan Allen Interiors stock performance
NYSE ETD shares opened at $22.99 on Friday. Ethan Allen Interiors Inc. has a 52 week low of $19.60 and a 52 week high of $28.04. The stock has a market capitalization of $582.15 million, a P/E ratio of 6.53 and a beta of 1.13. The stock’s fifty-day moving average is $21.83 and its 200-day moving average is $24.15.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its quarterly results on Thursday, April 28. The company reported EPS of $0.93 for the quarter, beating analyst consensus estimates of $0.76 by $0.17. Ethan Allen Interiors achieved a return on equity of 24.15% and a net margin of 11.73%. The company posted revenue of $197.66 million for the quarter, compared to $197.10 million expected by analysts. In the same quarter last year, the company earned earnings per share of $0.58. Ethan Allen Interiors revenue increased 11.7% year over year. Equity research analysts expect Ethan Allen Interiors Inc. to post earnings per share of 3.48 for the current year.
Changes to analyst ratings
Separately, StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a Tuesday, May 17 research report.
Ethan Allen Interiors Company Profile
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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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