Truist Financial Corp acquired a new stake in Ethan Allen Interiors Inc. (NYSE: ETD – Get Rating) during the first quarter, HoldingsChannel reports. The institutional investor purchased 192,585 shares of the company, valued at approximately $5,021,000.
A number of other hedge funds and other institutional investors have also recently changed their positions in the company. Louisiana State Employees Retirement System bought a new stake in Ethan Allen Interiors in the first quarter, valued at around $280,000. Redhawk Wealth Advisors Inc. acquired a new stake in Ethan Allen Interiors in the first quarter valued at approximately $507,000. The Oregon Public Employees Retirement Fund bought a new stake in Ethan Allen Interiors in the first quarter, valued at around $215,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Ethan Allen Interiors in the first quarter, valued at approximately $108,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in Ethan Allen Interiors in the first quarter valued at approximately $331,000. 85.11% of the shares are currently held by institutional investors.
NYSE:ETD opened at $21.43 on Friday. The company has a fifty-day simple moving average of $22.10 and a two-hundred-day simple moving average of $24.48. The company has a market capitalization of $542.65 million, a price-earnings ratio of 6.09 and a beta of 1.13. Ethan Allen Interiors Inc. has a 52 week low of $19.60 and a 52 week high of $28.04.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its quarterly results 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 a consensus estimate of $197.10 million. Ethan Allen Interiors achieved a net margin of 11.73% and a return on equity of 24.15%. The company’s quarterly revenue increased by 11.7% compared to the same quarter last year. In the same quarter a year earlier, the company posted earnings per share of $0.58. As a group, research analysts expect Ethan Allen Interiors Inc. to post earnings per share of 3.49 for the current fiscal year.
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. This is an increase from Ethan Allen Interiors’ previous quarterly dividend of $0.29. The ex-dividend date was Monday, May 9. This represents an annualized dividend of $1.28 and a dividend yield of 5.97%. Ethan Allen Interiors’ payout ratio is 36.36%.
Separately, StockNews.com upgraded Ethan Allen Interiors’ shares from a “hold” rating to a “buy” rating in a Tuesday, May 17 research rating.
Ethan Allen Interiors Profile (Get an assessment)
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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