Charles Schwab Investment Management Inc. Purchases 64,565 Shares of Ethan Allen Interiors Inc. $ETD

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. raised its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 902,260 shares of the company's stock after acquiring an additional 64,565 shares during the period. Charles Schwab Investment Management Inc. owned about 3.55% of Ethan Allen Interiors worth $24,993,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Ethan Allen Interiors by 12.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,443 shares of the company's stock worth $508,000 after buying an additional 2,073 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Ethan Allen Interiors by 5,743.0% in the 1st quarter. GAMMA Investing LLC now owns 22,437 shares of the company's stock worth $622,000 after buying an additional 22,053 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Ethan Allen Interiors by 28.0% in the 4th quarter. Deutsche Bank AG now owns 15,938 shares of the company's stock worth $448,000 after buying an additional 3,491 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 buying an additional 448 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Ethan Allen Interiors by 9.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,314 shares of the company's stock worth $572,000 after buying an additional 1,761 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.00.

Ethan Allen Interiors Trading Down 0.7%

NYSE ETD traded down $0.21 during trading hours on Tuesday, reaching $29.90. 421,899 shares of the company's stock were exchanged, compared to its average volume of 309,477. The stock has a market cap of $760.36 million, a PE ratio of 14.88 and a beta of 1.19. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $33.77. The firm has a fifty day moving average of $29.24 and a 200-day moving average of $28.01.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $160.36 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. As a group, research analysts forecast 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 $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 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.