Kovitz Investment Group Partners LLC Has $1.18 Million Stock Position in Ethan Allen Interiors Inc. $ETD

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Ethan Allen Interiors by 25.2%, owning approximately 0.17% of the company worth $1,179,000 after acquiring additional shares.
• Ethan Allen reported earnings per share of $0.49 for its latest quarter, exceeding analysts' expectations of $0.45, despite a 4.9% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.39 per share, yielding 5.2%, with a payout ratio of 77.61%.

Kovitz Investment Group Partners LLC raised its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 25.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,559 shares of the company's stock after purchasing an additional 8,567 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.17% of Ethan Allen Interiors worth $1,179,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Ethan Allen Interiors by 6.9% in the first quarter. HighTower Advisors LLC now owns 8,129 shares of the company's stock valued at $225,000 after buying an additional 522 shares during the period. Public Sector Pension Investment Board raised its position in Ethan Allen Interiors by 65.8% in the first quarter. Public Sector Pension Investment Board now owns 93,989 shares of the company's stock worth $2,603,000 after acquiring an additional 37,304 shares in the last quarter. Nuveen LLC acquired a new stake in Ethan Allen Interiors in the 1st quarter valued at about $1,908,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Ethan Allen Interiors by 39.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,878 shares of the company's stock valued at $1,742,000 after acquiring an additional 17,774 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Ethan Allen Interiors by 225.4% during the 1st quarter. Deutsche Bank AG now owns 51,867 shares of the company's stock valued at $1,437,000 after purchasing an additional 35,929 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ethan Allen Interiors Stock Performance

ETD 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. The firm's 50-day simple moving average is $29.18 and its 200 day simple moving average is $28.00. The company has a market cap of $767.05 million, a price-to-earnings ratio of 15.01 and a beta of 1.19. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $33.77.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $160.36 million during 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%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share. On average, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors's payout ratio is presently 77.61%.

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.