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. bought a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Ethan Allen Interiors by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company's stock worth $46,553,000 after buying an additional 13,822 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ethan Allen Interiors by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock valued at $24,993,000 after acquiring an additional 64,565 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ethan Allen Interiors by 9.2% in the first quarter. American Century Companies Inc. now owns 792,940 shares of the company's stock valued at $21,964,000 after acquiring an additional 66,727 shares in the last quarter. LSV Asset Management grew its stake in Ethan Allen Interiors by 9.7% in the first quarter. LSV Asset Management now owns 585,200 shares of the company's stock valued at $16,210,000 after purchasing an additional 51,700 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Ethan Allen Interiors by 6.3% in the fourth quarter. Northern Trust Corp now owns 401,986 shares of the company's stock valued at $11,300,000 after purchasing an additional 23,982 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

Ethan Allen Interiors Stock Performance

Shares of ETD traded up $0.30 during trading hours on Monday, hitting $29.47. 29,527 shares of the stock were exchanged, compared to its average volume of 291,084. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $33.77. The company has a market cap of $749.47 million, a price-to-earnings ratio of 14.66 and a beta of 1.13. The stock's 50-day moving average price is $29.57 and its two-hundred day moving average price is $28.05.

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

Ethan Allen Interiors Dividend Announcement

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

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.00.

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.