Hodges Capital Management Inc. Lowers Holdings in 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. lowered 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 filing with the Securities and Exchange Commission. The firm owned 379,753 shares of the company's stock after selling 266,331 shares during the quarter. Ethan Allen Interiors comprises approximately 1.1% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 26th largest holding. Hodges Capital Management Inc. owned about 1.49% of Ethan Allen Interiors worth $10,519,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its holdings in Ethan Allen Interiors by 78.0% during the 1st quarter. Rhumbline Advisers now owns 154,930 shares of the company's stock worth $4,292,000 after purchasing an additional 67,884 shares in the last quarter. Intech Investment Management LLC grew its holdings in Ethan Allen Interiors by 283.7% during the first quarter. Intech Investment Management LLC now owns 76,086 shares of the company's stock worth $2,108,000 after buying an additional 56,254 shares in the last quarter. Jane Street Group LLC boosted its holdings in Ethan Allen Interiors by 31.2% during the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company's stock worth $10,304,000 after acquiring an additional 88,383 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Ethan Allen Interiors in the 1st quarter worth $521,000. Finally, PharVision Advisers LLC lifted its position in shares of Ethan Allen Interiors by 27.8% during the first quarter. PharVision Advisers LLC now owns 14,093 shares of the company's stock valued at $390,000 after purchasing an additional 3,065 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Price Performance

Shares of ETD traded up $0.31 during trading hours on Monday, hitting $29.48. The company's stock had a trading volume of 250,824 shares, compared to its average volume of 292,386. The business has a 50 day simple moving average of $29.57 and a two-hundred day simple moving average of $28.06. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $33.77. The company has a market cap of $749.65 million, a price-to-earnings ratio of 14.67 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released 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. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. The company had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. During the same period last year, the firm earned $0.70 EPS. Ethan Allen Interiors's revenue for the quarter was down 4.9% on a year-over-year basis. Research analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, August 13th. Ethan Allen Interiors's payout ratio is presently 77.61%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed 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, Based on data from MarketBeat.com, Ethan Allen Interiors has a consensus rating of "Hold" and a consensus target price of $30.00.

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.