Jacobs Levy Equity Management Inc. Takes $3.25 Million Position in Ethan Allen Interiors Inc. $ETD

Key Points

• Jacobs Levy Equity Management Inc. has purchased 117,486 shares of Ethan Allen Interiors, valued at approximately $3.25 million, increasing its ownership to 0.46% of the company.
• Ethan Allen Interiors announced a quarterly dividend of $0.39, with an annualized yield of 5.3% and a payout ratio of 77.61%.
• Analysts have a 'Hold' rating on Ethan Allen Interiors, with an average price target of $30.00, while the company reported earnings per share (EPS) of $0.49 for the last quarter, beating expectations.

Jacobs Levy Equity Management Inc. acquired a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,486 shares of the company's stock, valued at approximately $3,254,000. Jacobs Levy Equity Management Inc. owned about 0.46% of Ethan Allen Interiors at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc grew its position in Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after buying an additional 900 shares during the period. State of Wyoming purchased a new stake in Ethan Allen Interiors in the fourth quarter valued at approximately $52,000. AlphaQuest LLC raised its stake in Ethan Allen Interiors by 344.8% in the first quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock valued at $94,000 after purchasing an additional 2,634 shares in the last quarter. Quarry LP raised its stake in Ethan Allen Interiors by 72.2% in the first quarter. Quarry LP now owns 4,484 shares of the company's stock valued at $124,000 after purchasing an additional 1,880 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Ethan Allen Interiors during the first quarter worth approximately $138,000. Institutional investors own 83.80% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $30.00.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD traded down $0.38 during mid-day trading on Friday, hitting $29.20. The stock had a trading volume of 264,341 shares, compared to its average volume of 283,655. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $33.77. The business has a 50 day moving average price of $29.57 and a two-hundred day moving average price of $28.05. The firm has a market cap of $742.63 million, a P/E ratio of 14.53 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. The company had revenue of $160.36 million for the quarter, compared to the consensus estimate of $152.20 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were issued a $0.39 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.56 annualized dividend and a yield of 5.3%. Ethan Allen Interiors's payout ratio is 77.61%.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.