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 lifted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 65.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,989 shares of the company's stock after buying 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after buying an additional 900 shares in the last quarter. State of Wyoming purchased a new stake in shares of Ethan Allen Interiors during the fourth quarter worth about $52,000. Quarry LP grew its holdings in shares of Ethan Allen Interiors by 73.3% during the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock worth $73,000 after buying an additional 1,101 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Ethan Allen Interiors during the first quarter worth about $138,000. Finally, US Bancorp DE grew its holdings in shares of Ethan Allen Interiors by 461.9% during the first quarter. US Bancorp DE now owns 6,186 shares of the company's stock worth $171,000 after buying an additional 5,085 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $30.00.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock traded up $0.1330 during trading on Monday, reaching $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 12-month low of $24.55 and a 12-month high of $33.77. The stock's 50 day moving average price is $29.18 and its two-hundred day moving average price is $28.00. The firm has a market capitalization of $767.05 million, a price-to-earnings ratio of 15.01 and a beta of 1.19.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm 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%. Ethan Allen Interiors's revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. As a group, research analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, August 13th. Ethan Allen Interiors's payout ratio is 77.61%.

Ethan Allen Interiors Company 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.