The New York State Common Retirement Fund acquired a new position in Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) stock during the first quarter, according to the company in its most recent SEC filing. The company acquired 17,303 shares of the company, valued at approximately $451,000. The New York State Common Retirement Fund held 0.07% of Ethan Allen Interiors at the end of the most recent reporting period.
Other hedge funds and other institutional investors also changed their positions in the company. Hillsdale Investment Management Inc. acquired a new stake in Ethan Allen Interiors stock during Q1 worth approximately $33,000. Dorsey Wright & Associates acquired a new stake in Ethan Allen Interiors in Q1 valued at $42,000. Fifth Third Bancorp acquired a new stake in Ethan Allen Interiors in Q1 worth $43,000. Mutual of America Capital Management LLC acquired a new stake in Ethan Allen Interiors in Q1 valued at $83,000. Finally, Zurcher Kantonalbank In the 1st quarter, Zurich Cantonalbank acquired a new stake in Ethan Allen Interiors worth $108,000. Institutional investors and hedge funds hold 85.11% of the company’s shares.
Ethan Allen Interiors stock down 1.5%
ETD shares opened at $25.90 on Friday. Ethan Allen Interiors Inc. has a 52 week low of $19.60 and a 52 week high of $28.04. The company’s fifty-day moving average is $22.50 and its two-hundred-day moving average is $24.17. The stock has a market capitalization of $655.84 million, a PE ratio of 6.51 and a beta of 1.15.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last announced its results on Wednesday, August 3. The company reported earnings per share (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 a year earlier, the company posted EPS of $0.74. As a group, research analysts expect Ethan Allen Interiors Inc. to post earnings per share of 2.95 for the current year.
Ethan Allen Interiors Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 30. Shareholders 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 dividend yield of 4.94%. Ethan Allen Interiors’ dividend payout ratio is currently 31.68%.
Analysts set new price targets
ETD has been the subject of a number of research analyst reports. StockNews.com upgraded Ethan Allen Interiors shares from a “hold” rating to a “buy” rating in a Tuesday, May 17 research note. 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 Monday 1st research note august.
About Ethan Allen Interiors
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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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