Los Angeles Capital Management LLC Takes New Position in Ethan Allen Interiors Inc. (NYSE: ETD)


Los Angeles Capital Management LLC bought a new position in Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) stock during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 80,100 shares of the company, valued at around $2,088,000. Los Angeles Capital Management LLC owned approximately 0.32% of Ethan Allen Interiors at the end of the most recent reporting period.

A number of other institutional investors have also recently increased or reduced their stake in the company. Victory Capital Management Inc. acquired a new stake in Ethan Allen Interiors during Q1 for approximately $11,583,000. Robeco Institutional Asset Management BV acquired a new stake in Ethan Allen Interiors during the 1st quarter for a value of approximately $7,425,000. Royce & Associates LP acquired a new position in Ethan Allen Interiors stock in Q1 worth approximately $5,933,000. Truist Financial Corp acquired a new position in Ethan Allen Interiors stock in Q1 worth approximately $5,021,000. Finally, Pacer Advisors Inc. acquired a new position in Ethan Allen Interiors stock in Q1 worth approximately $4,156,000. 85.11% of the shares are held by institutional investors.

Ethan Allen Interiors Stock Down 1.4%

Ethan Allen Interiors stock opened Wednesday at $25.03. Ethan Allen Interiors Inc. has a 12-month low of $19.60 and a 12-month high of $28.04. The company’s fifty-day moving average is $22.04 and its 200-day moving average is $24.08. The company has a market capitalization of $633.81 million, a PE ratio of 6.20 and a beta of 1.15.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its results on Wednesday, August 3. The company reported earnings per share (EPS) of $1.25 for the quarter, beating consensus analyst estimates 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 a year earlier, the company posted EPS of $0.74. Sell-side analysts expect Ethan Allen Interiors Inc. to post EPS of 2.95 for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced 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 a dividend of $1.28 on an annualized basis and a dividend yield of 5.11%. Ethan Allen Interiors’ payout ratio is currently 31.68%.

Changes to analyst ratings

ETD has been the subject of a number of recent analyst reports. StockNews.com upgraded Ethan Allen Interiors shares from a “hold” rating to a “buy” rating in a Tuesday, May 17 research report. Telsey Advisory Group lowered its price target on Ethan Allen Interiors shares from $26.00 to $25.00 and set a ‘market performance’ rating on the stock in a research report on Monday 1st august.

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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