Deutsche Bank AG Has $1.44 Million Stock Holdings in Ethan Allen Interiors Inc. $ETD

Key Points

• Deutsche Bank AG has significantly increased its stake in Ethan Allen Interiors Inc. by 225.4%, now owning 51,867 shares valued at approximately $1.44 million.
• The company's recent earnings report revealed a profit of $0.49 per share, exceeding the expected $0.45, despite a 4.9% decline in revenue compared to last year.
• Ethan Allen Interiors declared a quarterly dividend of $0.39 per share, reflecting a 5.2% yield for investors, with the payout scheduled for August 28th.

Deutsche Bank AG raised its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 225.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,867 shares of the company's stock after buying an additional 35,929 shares during the period. Deutsche Bank AG owned 0.20% of Ethan Allen Interiors worth $1,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ETD. Barclays PLC boosted its position in Ethan Allen Interiors by 134.2% in the fourth 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 in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Ethan Allen Interiors by 7.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 24,189 shares of the company's stock valued at $679,000 after buying an additional 1,676 shares in the last quarter. Hsbc Holdings PLC boosted its position in Ethan Allen Interiors by 82.2% in the fourth quarter. Hsbc Holdings PLC now owns 14,924 shares of the company's stock valued at $417,000 after buying an additional 6,734 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Ethan Allen Interiors by 9.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,314 shares of the company's stock valued at $572,000 after buying an additional 1,761 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its position in shares of Ethan Allen Interiors by 35.1% during the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company's stock worth $264,000 after purchasing an additional 2,440 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Trading Down 1.3%

Shares of ETD stock traded down $0.40 during trading hours on Thursday, hitting $29.56. 414,040 shares of the company were exchanged, compared to its average volume of 313,368. The business has a 50 day moving average of $29.35 and a two-hundred day 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 company has a market capitalization of $751.79 million, a PE ratio of 14.71 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. The firm's revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company 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 $0.39 dividend. The ex-dividend date is 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 (DPR) is currently 77.61%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $30.00 target price 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, Ethan Allen Interiors currently 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.