Caxton Associates LLP Buys Shares of 18,812 Ethan Allen Interiors Inc. $ETD

Key Points

• Caxton Associates LLP has made a new investment in Ethan Allen Interiors Inc. amounting to $521,000 by purchasing 18,812 shares during the first quarter.
• The company has reported earnings of $0.49 per share for the last quarter, exceeding analysts' expectations, despite a 4.9% year-over-year revenue decline.
• Ethan Allen Interiors recently declared a quarterly dividend of $0.39 per share, yielding 5.3% annually, with a payout ratio of 77.61%.

Caxton Associates LLP purchased a new stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 18,812 shares of the company's stock, valued at approximately $521,000. Caxton Associates LLP owned about 0.07% of Ethan Allen Interiors at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. PharVision Advisers LLC boosted its holdings in Ethan Allen Interiors by 27.8% in the first quarter. PharVision Advisers LLC now owns 14,093 shares of the company's stock worth $390,000 after purchasing an additional 3,065 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ethan Allen Interiors by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company's stock valued at $375,000 after buying an additional 538 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at about $3,254,000. AQR Capital Management LLC raised its stake in Ethan Allen Interiors by 1.5% during the first quarter. AQR Capital Management LLC now owns 114,494 shares of the company's stock worth $3,171,000 after acquiring an additional 1,655 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Ethan Allen Interiors in the first quarter worth about $1,552,000. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Price Performance

Shares of ETD traded up $0.48 during trading hours on Wednesday, hitting $29.61. 33,875 shares of the company were exchanged, compared to its average volume of 290,903. The firm has a fifty day simple moving average of $29.57 and a 200-day simple moving average of $28.07. The company has a market capitalization of $752.86 million, a PE ratio of 14.72 and a beta of 1.13. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $33.77.

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 (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 business had revenue of $160.36 million for the quarter, compared to analyst estimates of $152.20 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. The firm's revenue was down 4.9% compared to the same quarter last year. Sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

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

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 15,000 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $29.37, for a total transaction of $440,550.00. Following the transaction, the chief executive officer directly owned 1,598,652 shares of the company's stock, valued at approximately $46,952,409.24. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.48% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Ethan Allen Interiors has a consensus rating of "Hold" and an average 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.