Cubist Systematic Strategies LLC Acquires Shares of 56,031 Ethan Allen Interiors Inc. $ETD

Key Points

• Cubist Systematic Strategies LLC has invested approximately $1.55 million in Ethan Allen Interiors, acquiring 56,031 shares and owning about 0.22% of the company.
• In the first quarter, multiple institutional investors, including GAMMA Investing LLC which increased its holdings by an impressive 5,743%, have modified their stakes in Ethan Allen Interiors, indicating growing interest in the stock.
• Ethan Allen Interiors reported a quarterly earnings per share (EPS) of $0.49, surpassing analysts' expectations of $0.45, despite a 4.9% decrease in revenue compared to the prior year.

Cubist Systematic Strategies LLC acquired a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 56,031 shares of the company's stock, valued at approximately $1,552,000. Cubist Systematic Strategies LLC owned about 0.22% of Ethan Allen Interiors at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ETD. IFP Advisors Inc increased its stake in shares of Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after purchasing an additional 900 shares during the last quarter. State of Wyoming acquired a new position in shares of Ethan Allen Interiors during the 4th quarter worth about $52,000. AlphaQuest LLC increased its stake in shares of Ethan Allen Interiors by 344.8% during 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 during the last quarter. Quarry LP increased its stake in shares of Ethan Allen Interiors by 72.2% during the 1st quarter. Quarry LP now owns 4,484 shares of the company's stock worth $124,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Ethan Allen Interiors during the 1st quarter worth about $138,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a "market perform" rating and set 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, According to MarketBeat, Ethan Allen Interiors has a consensus rating of "Hold" and a consensus price target of $30.00.

Ethan Allen Interiors Stock Performance

ETD traded down $0.38 on Friday, reaching $29.20. The company had a trading volume of 264,341 shares, compared to its average volume of 283,655. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $33.77. The stock has a market cap of $742.63 million, a P/E ratio of 14.53 and a beta of 1.13. The company's fifty day moving average is $29.57 and its 200 day moving average is $28.06.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 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 prior year, the business earned $0.70 EPS. Ethan Allen Interiors's quarterly revenue was down 4.9% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a $0.39 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. Ethan Allen Interiors's dividend payout ratio is 77.61%.

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.