Hodges Capital Management Inc. Sells 266,331 Shares of Ethan Allen Interiors Inc. $ETD

Key Points

• Hodges Capital Management Inc. reduced its stake in Ethan Allen Interiors Inc. by 41.2%, now holding 379,753 shares, which account for approximately 1.1% of its total portfolio.
• Ethan Allen Interiors reported a quarterly EPS of $0.49, surpassing estimates, although revenue declined 4.9% year-over-year, totaling $160.36 million.
• The company announced a quarterly dividend of $0.39 per share, representing a 5.3% yield, with a dividend payout ratio of 77.61%.

Hodges Capital Management Inc. decreased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 41.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 379,753 shares of the company's stock after selling 266,331 shares during the quarter. Ethan Allen Interiors accounts for approximately 1.1% of Hodges Capital Management Inc.'s holdings, making the stock its 26th largest position. Hodges Capital Management Inc. owned approximately 1.49% of Ethan Allen Interiors worth $10,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ETD. Jacobs Levy Equity Management Inc. acquired a new position in shares of Ethan Allen Interiors in the 1st quarter valued at $3,254,000. Jane Street Group LLC grew its holdings in Ethan Allen Interiors by 31.2% in the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company's stock valued at $10,304,000 after buying an additional 88,383 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ethan Allen Interiors in the 4th quarter valued at approximately $2,480,000. Trexquant Investment LP grew its holdings in shares of Ethan Allen Interiors by 345.6% during the 1st quarter. Trexquant Investment LP now owns 93,332 shares of the company's stock worth $2,585,000 after purchasing an additional 72,386 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of Ethan Allen Interiors by 168.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 112,710 shares of the company's stock worth $3,168,000 after purchasing an additional 70,664 shares in the last quarter. Institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Stock Up 1.0%

Shares of ETD stock traded up $0.28 during trading hours on Wednesday, reaching $29.41. The company's stock had a trading volume of 61,684 shares, compared to its average volume of 291,066. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $33.77. The company has a market capitalization of $747.90 million, a price-to-earnings ratio of 14.64 and a beta of 1.13. The firm's 50 day simple moving average is $29.57 and its 200-day simple moving average is $28.07.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. The company had revenue of $160.36 million for 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%.Ethan Allen Interiors's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 annualized dividend and a dividend yield of 5.3%. Ethan Allen Interiors's dividend payout ratio is currently 77.61%.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 15,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $29.37, for a total value of $440,550.00. Following the sale, the chief executive officer owned 1,598,652 shares of the company's stock, valued at approximately $46,952,409.24. The trade was a 0.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.48% of the company's stock.

Analysts Set New Price Targets

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

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.