Exchange Traded Concepts LLC purchased a new stake in the shares of Ethan Allen Interiors Inc. (NYSE: ETD – Get Rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The company purchased 49,326 shares of the company, valued at approximately $1,286,000. Exchange Traded Concepts LLC owned 0.19% of Ethan Allen Interiors when it last filed with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also bought and sold shares of the company. Fifth Third Bancorp bought a new position in Ethan Allen Interiors during Q1 worth approximately $43,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Ethan Allen Interiors during Q1, valued at around $108,000. First Citizens Bank & Trust Co. bought a new position in Ethan Allen Interiors during Q4, valued at around $215,000. The Oregon Public Employees Retirement Fund purchased a new position at Ethan Allen Interiors during Q1 worth approximately $215,000. Finally, Maryland State Retirement & Pension System bought a new position in Ethan Allen Interiors during Q1 worth approximately $232,000. 85.11% of the shares are currently held by institutional investors and hedge funds.
Shares of Ethan Allen Interiors opened at $21.19 on Monday. The company’s 50-day moving average price is $22.41 and its 200-day moving average price is $24.58. Ethan Allen Interiors Inc. has a 52 week low of $19.60 and a 52 week high of $28.04. The company has a market capitalization of $536.57 million, a P/E ratio of 6.02 and a beta of 1.13.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last released quarterly earnings data on Thursday, April 28. The company reported earnings per share (EPS) of $0.93 for the quarter, beating analyst consensus estimates of $0.76 by $0.17. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.15%. The company posted revenue of $197.66 million for the quarter, versus a consensus estimate of $197.10 million. In the same quarter of the previous year, the company achieved EPS of $0.58. The company’s quarterly revenue increased by 11.7% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Tuesday, May 10 received a dividend of $0.32. The ex-dividend date was Monday, May 9. This represents a dividend of $1.28 on an annualized basis and a dividend yield of 6.04%. This is an increase from Ethan Allen Interiors’ previous quarterly dividend of $0.29. Ethan Allen Interiors’ payout ratio is currently 36.36%.
Separately, StockNews.com upgraded Ethan Allen Interiors’ shares from a “hold” to a “buy” rating in a Tuesday, May 17 research report.
About Ethan Allen Interiors (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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