Empowered Funds LLC Takes $1.96 Million Position in Ethan Allen Interiors Inc. $ETD

Empowered Funds LLC acquired a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 87,973 shares of the company's stock, valued at approximately $1,958,000. Empowered Funds LLC owned about 0.35% of Ethan Allen Interiors as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETD. Tower Research Capital LLC TRC raised its position in Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company's stock valued at $85,000 after purchasing an additional 2,398 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Ethan Allen Interiors by 132.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company's stock worth $87,000 after purchasing an additional 2,219 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Ethan Allen Interiors during the 1st quarter valued at about $88,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ethan Allen Interiors by 38.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company's stock valued at $130,000 after purchasing an additional 1,565 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of Ethan Allen Interiors by 31.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,682 shares of the company's stock valued at $186,000 after buying an additional 1,589 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Price Performance

Shares of ETD stock opened at $23.58 on Friday. The stock has a market capitalization of $600.16 million, a PE ratio of 15.12 and a beta of 1.02. Ethan Allen Interiors Inc. has a 1-year low of $18.28 and a 1-year high of $31.41. The business has a 50-day moving average of $22.06 and a 200 day moving average of $22.20.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.The business had revenue of $146.75 million for the quarter, compared to analysts' expectations of $148.70 million. During the same period in the previous year, the firm earned $0.49 EPS. The business's quarterly revenue was down 8.5% on a year-over-year basis. Analysts anticipate that Ethan Allen Interiors Inc. will post 1.35 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, August 12th. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 100.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research downgraded Ethan Allen Interiors from a "hold" rating to a "strong sell" rating in a research report on Thursday, July 30th. Telsey Advisory Group decreased their price target on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a "market perform" rating on the stock in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Ethan Allen Interiors in a report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Ethan Allen Interiors currently has an average rating of "Sell" and a consensus target price of $22.00.

Ethan Allen Interiors Profile

Ethan Allen Interiors Inc NYSE: ETD is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.

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