KBC Group NV completes new $94,000 investment in Ethan Allen Interiors Inc. (NYSE: ETD)


KBC Group NV acquired a new position in Ethan Allen Interiors Inc. (NYSE: ETD – Get Rating) in the first quarter, according to the company in its latest communication with the Securities and Exchange Commission (SEC). The company bought 3,620 shares of the company, valued at around $94,000.

A number of other hedge funds and other institutional investors also changed their positions in ETD. Victory Capital Management Inc. bought a new position in Ethan Allen Interiors stock in the first quarter worth $11,583,000. Robeco Institutional Asset Management BV bought a new equity position in Ethan Allen Interiors in the first quarter worth $7,425,000. Royce & Associates LP bought a new position in Ethan Allen Interiors stock during the first quarter worth $5,933,000. Truist Financial Corp bought a new position in Ethan Allen Interiors stock during the first quarter worth $5,021,000. Finally, Pacer Advisors Inc. bought a new position in Ethan Allen Interiors stock during the first quarter at a value of $4,156,000. Hedge funds and other institutional investors own 85.11% of the company’s shares.

Wall Street analysts predict growth

Several research analysts have recently published reports on ETD stocks. StockNews.com upgraded Ethan Allen Interiors shares from a “hold” rating to a “buy” rating in a Tuesday, May 17 report. Telsey Advisory Group cut its price target on Ethan Allen Interiors shares from $26.00 to $25.00 and set a “market performance” rating for the company in a Monday, Aug. 1 report.

Ethan Allen Interiors stock performance

ETD stock opened at $26.50 on Friday. The company has a market capitalization of $671.03 million, a PE ratio of 6.56 and a beta of 1.15. The company’s fifty-day moving average is $22.17 and its 200-day moving average is $24.10. Ethan Allen Interiors Inc. has a 1-year low of $19.60 and a 1-year high of $28.04.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its quarterly results on Wednesday, August 3. The company reported EPS of $1.25 for the quarter, beating the consensus estimate of $0.80 by $0.45. Ethan Allen Interiors achieved a net margin of 12.63% and a return on equity of 26.70%. In the same quarter last year, the company achieved EPS of $0.74. Research analysts predict that Ethan Allen Interiors Inc. will post earnings per share of 2.95 for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 30. Investors of record on Tuesday, August 16 will receive a dividend of $0.32 per share. The ex-dividend date is Monday, August 15. This represents an annualized dividend of $1.28 and a yield of 4.83%. Ethan Allen Interiors’ dividend payout ratio is currently 31.68%.

Ethan Allen Interiors 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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Institutional ownership by quarter for Ethan Allen Interiors (NYSE:ETD)



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