The Oregon Public Employees Retirement Fund bought a new position in Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) during Q1, according to the company in its latest 13F filing with the Securities and Exchange. Commission. The institutional investor purchased 8,233 shares of the company, valued at approximately $215,000.
Other hedge funds and other institutional investors have also recently changed their positions in the company. First Citizens Bank & Trust Co. bought a new position in Ethan Allen Interiors in Q4 for a value of approximately $215,000. Pacer Advisors Inc. bought a new position in shares of Ethan Allen Interiors in the first quarter for a value of approximately $4,156,000. Everence Capital Management Inc. bought a new position in shares of Ethan Allen Interiors in the first quarter for a value of approximately $429,000. Maryland State Retirement & Pension System bought a new position in Ethan Allen Interiors in Q1 worth approximately $232,000. Finally, Cim LLC bought a new position in Ethan Allen Interiors in Q1 worth approximately $356,000. Hedge funds and other institutional investors own 85.11% of the company’s shares.
Ethan Allen Interiors Stock Performance
NYSE ETD opened at $21.71 on Monday. Ethan Allen Interiors Inc. has a 1-year low of $19.60 and a 1-year high of $28.04. The stock has a 50-day moving average of $22.03 and a 200-day moving average of $24.42. The company has a market capitalization of $549.74 million, a price-earnings ratio of 6.17 and a beta of 1.13.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last reported quarterly results on Thursday, April 28. The company reported earnings per share (EPS) of $0.93 for the quarter, beating consensus analyst 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. During the same quarter last year, the company posted EPS of $0.58. The company’s quarterly revenue increased by 11.7% compared to the same quarter last year. On average, stock analysts predict that Ethan Allen Interiors Inc. will post earnings per share of 3.48 for the current fiscal year.
Ethan Allen Interiors increases its dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Tuesday, May 10 received a dividend of $0.32 per share. This represents an annualized dividend of $1.28 and a dividend yield of 5.90%. This is a boost from Ethan Allen Interiors’ previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 9. Ethan Allen Interiors’ dividend payout ratio is currently 36.36%.
Changes to analyst ratings
Separately, StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a Tuesday, May 17 report.
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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