The Texas Permanent School Fund invests $407,000 in Ethan Allen Interiors Inc. (NYSE: ETD)


Texas Permanent School Fund bought a new position in Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) stock in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,605 shares of the company, valued at approximately $407,000. The Texas Permanent School Fund owned approximately 0.06% of Ethan Allen Interiors at the end of the most recent period.

Other large investors have also changed their stake in the company. Hillsdale Investment Management Inc. purchased a new stake in Ethan Allen Interiors stock during the first quarter worth approximately $33,000. Dorsey Wright & Associates bought a new position in Ethan Allen Interiors in the first quarter worth $42,000. Fifth Third Bancorp bought a new position in Ethan Allen Interiors in the first quarter worth $43,000. Mutual of America Capital Management LLC bought a new position in Ethan Allen Interiors in the first quarter worth $83,000. Finally, KBC Group NV bought a new position in Ethan Allen Interiors in the first quarter worth $94,000. Hedge funds and other institutional investors own 85.11% of the company’s shares.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened Friday at $26.30. The company has a market capitalization of $665.97 million, a price-earnings ratio of 6.51 and a beta of 1.15. Ethan Allen Interiors Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $28.04. The stock’s fifty-day moving average is $22.43 and its two-hundred-day moving average is $24.16.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its results on Wednesday, August 3. The company reported earnings per share of $1.25 for the quarter, beating the consensus estimate of $0.80 by $0.45. Ethan Allen Interiors achieved a return on equity of 26.70% and a net margin of 12.63%. During the same period last year, the company achieved EPS of $0.74. As a group, sell-side analysts expect Ethan Allen Interiors Inc. to post EPS of 2.95 for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently announced 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. This represents an annualized dividend of $1.28 and a yield of 4.87%. The ex-dividend date is Monday, August 15. Ethan Allen Interiors’ dividend payout ratio (DPR) is 31.68%.

Changes to analyst ratings

ETD has been the subject of several research analyst reports. StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a Tuesday, May 17 research report. Telsey Advisory Group cut its price target on Ethan Allen Interiors from $26.00 to $25.00 and set a “market performance” rating for the company in a research report Monday, August 1.

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.

See also

Want to see which other hedge funds hold ETDs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating).

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



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