Ethan Allen Interiors Inc. $ETD Shares Bought by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Ethan Allen Interiors by 7.7%, owning 902,260 shares valued at approximately $25 million after acquiring 64,565 additional shares in the first quarter.
• Ethan Allen Interiors reported a quarterly earnings per share (EPS) of $0.49, surpassing expectations of $0.45, despite a 4.9% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.39 per share, representing an annualized dividend of $1.56 and a yield of 5.4%.

Charles Schwab Investment Management Inc. lifted its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 7.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 902,260 shares of the company's stock after buying an additional 64,565 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.55% of Ethan Allen Interiors worth $24,993,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Unison Advisors LLC increased its position in shares of Ethan Allen Interiors by 1.4% during the 1st quarter. Unison Advisors LLC now owns 30,872 shares of the company's stock valued at $855,000 after purchasing an additional 414 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ethan Allen Interiors by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company's stock worth $366,000 after purchasing an additional 448 shares during the period. SummerHaven Investment Management LLC lifted its stake in Ethan Allen Interiors by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company's stock worth $801,000 after purchasing an additional 463 shares during the last quarter. Gotham Asset Management LLC grew its stake in Ethan Allen Interiors by 5.8% during the 4th quarter. Gotham Asset Management LLC now owns 10,237 shares of the company's stock worth $288,000 after buying an additional 561 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Ethan Allen Interiors by 4.3% in the 4th quarter. Comerica Bank now owns 20,927 shares of the company's stock valued at $588,000 after purchasing an additional 858 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ethan Allen Interiors Trading Up 0.9%

Shares of Ethan Allen Interiors stock traded up $0.2580 on Monday, reaching $30.2880. The stock had a trading volume of 252,095 shares, compared to its average volume of 291,146. The company has a market cap of $770.22 million, a P/E ratio of 15.07 and a beta of 1.19. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $33.77. The business's 50 day moving average is $29.12 and its two-hundred day moving average is $28.00.

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

Ethan Allen Interiors Dividend Announcement

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