Ethan Allen Interiors Inc. $ETD Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Ethan Allen Interiors by 9.2%, acquiring a total of 792,940 shares worth approximately $21.96 million.
• The company's revenue decreased 4.9% year-over-year, reporting $160.36 million for the last quarter, while exceeding analysts' expectations for earnings per share (EPS) by $0.04.
• Ethan Allen Interiors declared a quarterly dividend of $0.39 per share, yielding 5.2%, with an annual payout expected at $1.56 per share.

American Century Companies Inc. raised its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 792,940 shares of the company's stock after buying an additional 66,727 shares during the period. American Century Companies Inc. owned approximately 3.12% of Ethan Allen Interiors worth $21,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC boosted its position in Ethan Allen Interiors by 25.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 42,559 shares of the company's stock valued at $1,179,000 after buying an additional 8,567 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Ethan Allen Interiors by 6.9% during the first quarter. HighTower Advisors LLC now owns 8,129 shares of the company's stock worth $225,000 after purchasing an additional 522 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Ethan Allen Interiors by 65.8% during the first quarter. Public Sector Pension Investment Board now owns 93,989 shares of the company's stock worth $2,603,000 after purchasing an additional 37,304 shares during the last quarter. Nuveen LLC bought a new position in shares of Ethan Allen Interiors during the first quarter worth about $1,908,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Ethan Allen Interiors by 39.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,878 shares of the company's stock worth $1,742,000 after purchasing an additional 17,774 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Ethan Allen Interiors Trading Down 0.3%

NYSE ETD traded down $0.09 during trading hours on Friday, reaching $29.46. The company's stock had a trading volume of 337,915 shares, compared to its average volume of 302,860. The business has a 50-day simple moving average of $29.39 and a 200 day simple moving average of $28.03. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $33.77. The stock has a market cap of $749.27 million, a PE ratio of 14.66 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $160.36 million for 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 business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. As a group, equities analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

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

Analysts Set New Price Targets

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

Ethan Allen Interiors Profile

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.