Ethan Allen Interiors Inc. $ETD Shares Purchased by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its holdings in Ethan Allen Interiors by 65.8% during the first quarter, owning approximately 0.37% of the company valued at $2.6 million.
• Ethan Allen Interiors reported an earnings per share (EPS) of $0.49 for the last quarter, beating analysts' expectations, although revenue declined by 4.9% year-over-year.
• The company declared a quarterly dividend of $0.39 per share, reflecting a strong dividend yield of 5.2%.

Public Sector Pension Investment Board grew its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 65.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 93,989 shares of the company's stock after purchasing an additional 37,304 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.37% of Ethan Allen Interiors worth $2,603,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ETD. Invesco Ltd. lifted its stake in shares of Ethan Allen Interiors by 6.7% during the 4th quarter. Invesco Ltd. now owns 351,472 shares of the company's stock worth $9,880,000 after purchasing an additional 22,115 shares during the period. Barclays PLC lifted its stake in shares of Ethan Allen Interiors by 134.2% during the 4th quarter. Barclays PLC now owns 133,910 shares of the company's stock worth $3,764,000 after purchasing an additional 76,736 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Ethan Allen Interiors by 7.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 24,189 shares of the company's stock worth $679,000 after purchasing an additional 1,676 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Ethan Allen Interiors by 82.2% during the 4th quarter. Hsbc Holdings PLC now owns 14,924 shares of the company's stock worth $417,000 after purchasing an additional 6,734 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Ethan Allen Interiors by 9.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,314 shares of the company's stock worth $572,000 after purchasing an additional 1,761 shares during the period. Hedge funds and other institutional investors own 83.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price target 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, the company has a consensus rating of "Hold" and a consensus price target of $30.00.

Ethan Allen Interiors Stock Up 4.0%

Shares of ETD stock traded up $1.1450 on Friday, reaching $29.9550. 301,214 shares of the stock were exchanged, compared to its average volume of 295,725. The stock has a market cap of $761.76 million, a P/E ratio of 14.90 and a beta of 1.19. The firm has a 50 day moving average of $29.12 and a two-hundred day moving average of $28.01. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $33.77.

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

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, August 13th will be issued 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%.

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.