Deutsche Bank AG Increases Position 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 grew its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 225.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,867 shares of the company's stock after acquiring an additional 35,929 shares during the period. Deutsche Bank AG owned about 0.20% of Ethan Allen Interiors worth $1,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ETD. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ethan Allen Interiors in the fourth quarter worth $2,480,000. Barclays PLC grew its stake in shares of Ethan Allen Interiors by 134.2% in the fourth quarter. Barclays PLC now owns 133,910 shares of the company's stock worth $3,764,000 after acquiring an additional 76,736 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Ethan Allen Interiors by 168.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 112,710 shares of the company's stock worth $3,168,000 after acquiring an additional 70,664 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Ethan Allen Interiors by 78.0% in the first quarter. Rhumbline Advisers now owns 154,930 shares of the company's stock worth $4,292,000 after acquiring an additional 67,884 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Ethan Allen Interiors by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock worth $24,993,000 after acquiring an additional 64,565 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company's stock.

Ethan Allen Interiors Stock Performance

NYSE ETD traded up $0.1330 during trading hours on Monday, hitting $30.1630. The company had a trading volume of 404,525 shares, compared to its average volume of 303,517. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $33.77. The company has a market cap of $767.05 million, a PE ratio of 14.72 and a beta of 1.19. The business has a 50 day moving average of $29.18 and a 200-day moving average of $28.00.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. Ethan Allen Interiors's revenue for the quarter was down 4.9% on a year-over-year basis. Sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed 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. This represents a $1.56 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio is currently 77.61%.

Analyst Ratings Changes

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 note on Thursday, July 31st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.