Bridgeway Capital Management LLC Sells 21,369 Shares of Ethan Allen Interiors Inc. $ETD

Key Points

• Bridgeway Capital Management LLC reduced its stake in Ethan Allen Interiors Inc. by 10.9%, owning 174,600 shares worth approximately $4.8 million after selling 21,369 shares in the first quarter.
• Several institutional investors have increased their stakes, with Jane Street Group LLC leading by acquiring an additional 88,383 shares, raising its holdings by 31.2% during the same period.
• Ethan Allen Interiors reported a quarterly earnings per share (EPS) of $0.49, surpassing estimates of $0.45, although revenue was down 4.9% year-over-year.

Bridgeway Capital Management LLC trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 10.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,600 shares of the company's stock after selling 21,369 shares during the quarter. Bridgeway Capital Management LLC owned 0.69% of Ethan Allen Interiors worth $4,836,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. IFP Advisors Inc boosted its holdings in shares of Ethan Allen Interiors by 12,857.1% in the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after acquiring an additional 900 shares during the period. State of Wyoming bought a new stake in Ethan Allen Interiors during the 4th quarter valued at approximately $52,000. AlphaQuest LLC boosted its position in shares of Ethan Allen Interiors by 344.8% in the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock worth $94,000 after purchasing an additional 2,634 shares in the last quarter. Quarry LP lifted its position in Ethan Allen Interiors by 72.2% in the 1st quarter. Quarry LP now owns 4,484 shares of the company's stock valued at $124,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Ethan Allen Interiors in the 1st quarter valued at approximately $138,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Ethan Allen Interiors Trading Down 0.3%

Shares of NYSE ETD traded down $0.09 during mid-day trading on Wednesday, reaching $29.26. The company had a trading volume of 52,192 shares, compared to its average volume of 291,617. The stock has a market cap of $744.08 million, a P/E ratio of 14.56 and a beta of 1.13. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $33.77. The firm has a 50 day simple moving average of $29.62 and a two-hundred day simple moving average of $28.04.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $160.36 million during 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. Ethan Allen Interiors's revenue was down 4.9% compared to the same quarter last year. On average, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid 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 was Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 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.