The New York State Teachers’ Retirement System bought a new stake in Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) stock in the first quarter, Holdings Channel reports. The fund bought 51,176 shares of the company, valued at around $1,334,000.
A number of other hedge funds have also increased or reduced their holdings in the stock. Advisor Partners LLC bought a new position in Ethan Allen Interiors during Q1 worth approximately $209,000. Exchange Traded Concepts LLC purchased a new position in Ethan Allen Interiors stock during the first quarter for a value of approximately $1,286,000. Robeco Institutional Asset Management BV bought a new position in shares of Ethan Allen Interiors during the first quarter for a value of approximately $7,425,000. Truist Financial Corp bought a new position in Ethan Allen Interiors stock during the first quarter for a value of approximately $5,021,000. Finally, Louisiana State Employees Retirement System bought a new position in Ethan Allen Interiors stock during the first quarter worth about $280,000. Hedge funds and other institutional investors own 85.11% of the company’s shares.
A Wall Street analyst gives his opinion
Separately, StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a Tuesday, May 17 report.
Ethan Allen Interiors grows 1.6%
NYSE ETD shares opened at $22.06 on Tuesday. Ethan Allen Interiors Inc. has a 12-month low of $19.60 and a 12-month high of $28.04. The company has a market capitalization of $558.60 million, a price-earnings ratio of 6.27 and a beta of 1.13. The company has a 50-day moving average of $21.97 and a 200-day moving average of $24.39.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last released quarterly earnings data on Thursday, April 28. The company reported EPS of $0.93 for the quarter, beating the consensus estimate of $0.76 by $0.17. The company posted revenue of $197.66 million in the quarter, versus analyst estimates of $197.10 million. Ethan Allen Interiors achieved a return on equity of 24.15% and a net margin of 11.73%. Ethan Allen Interiors revenue increased 11.7% year over year. In the same quarter a year earlier, the company earned earnings per share of $0.58. On average, analysts predict Ethan Allen Interiors Inc. will post earnings per share of 3.48 for the current year.
Ethan Allen Interiors increases its dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Tuesday, May 10 received a dividend of $0.32. The ex-dividend date was Monday, May 9. This represents an annualized dividend of $1.28 and a yield of 5.80%. This is a positive change from Ethan Allen Interiors’ previous quarterly dividend of $0.29. Ethan Allen Interiors’ dividend payout ratio is currently 36.36%.
Ethan Allen Interiors Company 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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