Connor Clark & Lunn Investment Management Ltd. Purchases 17,774 Shares of Ethan Allen Interiors Inc. $ETD

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Ethan Allen Interiors Inc. by 39.4%, owning approximately 0.25% of the company, valued at $1,742,000.
• The company reported earnings per share of $0.49 for the last quarter, exceeding analyst estimates of $0.45, but also noted a 4.9% decrease in revenue compared to the previous year.
• Ethan Allen Interiors has declared a quarterly dividend of $0.39, resulting in an annualized yield of 5.2%, with a payout ratio of 77.61%.

Connor Clark & Lunn Investment Management Ltd. increased its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 39.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,878 shares of the company's stock after buying an additional 17,774 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.25% of Ethan Allen Interiors worth $1,742,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ETD. JPMorgan Chase & Co. grew its stake in shares of Ethan Allen Interiors by 177.1% in the 4th quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company's stock valued at $4,147,000 after buying an additional 94,287 shares during the period. Geode Capital Management LLC grew its stake in shares of Ethan Allen Interiors by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 543,624 shares of the company's stock valued at $15,285,000 after buying an additional 5,029 shares during the period. Invesco Ltd. grew its stake in shares of Ethan Allen Interiors by 6.7% in the 4th quarter. Invesco Ltd. now owns 351,472 shares of the company's stock valued at $9,880,000 after buying an additional 22,115 shares during the period. Renaissance Technologies LLC grew its stake in shares of Ethan Allen Interiors by 36.3% in the 4th quarter. Renaissance Technologies LLC now owns 315,900 shares of the company's stock valued at $8,880,000 after buying an additional 84,100 shares during the period. Finally, Barclays PLC grew its stake in shares of Ethan Allen Interiors by 134.2% in the 4th quarter. Barclays PLC now owns 133,910 shares of the company's stock valued at $3,764,000 after buying an additional 76,736 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated 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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.00.

Ethan Allen Interiors Stock Down 1.1%

ETD stock traded down $0.3330 during mid-day trading on Thursday, reaching $28.7670. 235,464 shares of the company traded hands, compared to its average volume of 293,318. The stock has a market cap of $731.54 million, a price-to-earnings ratio of 14.31 and a beta of 1.19. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $33.77. The firm's 50 day moving average price is $29.05 and its 200 day moving average price is $28.03.

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. The business had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The company's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. On average, analysts anticipate 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 will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.4%. 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.