Jane Street Group LLC Raises Holdings in Ethan Allen Interiors Inc. $ETD

Key Points

• Jane Street Group LLC increased its ownership in Ethan Allen Interiors by 31.2%, now holding 371,979 shares valued at approximately $10.3 million.
• Ethan Allen Interiors reported earnings of $0.49 per share, surpassing estimates, but the company experienced a 4.9% decline in revenue compared to the previous year.
• The company declared a quarterly dividend of $0.39 per share, yielding 5.3%, indicating a solid payout ratio of 77.61%.

Jane Street Group LLC raised its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 31.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 371,979 shares of the company's stock after buying an additional 88,383 shares during the period. Jane Street Group LLC owned about 1.46% of Ethan Allen Interiors worth $10,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Ethan Allen Interiors by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company's stock valued at $46,553,000 after acquiring an additional 13,822 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ethan Allen Interiors by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock valued at $24,993,000 after purchasing an additional 64,565 shares during the last quarter. American Century Companies Inc. increased its position in shares of Ethan Allen Interiors by 9.2% during the 1st quarter. American Century Companies Inc. now owns 792,940 shares of the company's stock valued at $21,964,000 after purchasing an additional 66,727 shares during the last quarter. LSV Asset Management lifted its stake in shares of Ethan Allen Interiors by 9.7% in the 1st quarter. LSV Asset Management now owns 585,200 shares of the company's stock worth $16,210,000 after purchasing an additional 51,700 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Ethan Allen Interiors by 6.3% in the fourth quarter. Northern Trust Corp now owns 401,986 shares of the company's stock worth $11,300,000 after buying an additional 23,982 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Up 2.9%

NYSE:ETD traded up $0.85 during trading hours on Thursday, hitting $29.80. 137,629 shares of the stock traded hands, compared to its average volume of 293,027. The company has a market cap of $757.69 million, a price-to-earnings ratio of 14.82 and a beta of 1.13. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $33.77. The stock has a 50 day moving average price of $29.49 and a 200 day moving average price of $28.02.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $160.36 million for the quarter, compared to analysts' expectations of $152.20 million. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. Ethan Allen Interiors's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 EPS. Equities analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio (DPR) is 77.61%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, According to 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.