Graham Capital Management L.P. Buys Shares of 24,891 Ethan Allen Interiors Inc. $ETD

Key Points

• Graham Capital Management L.P. has acquired a new stake of 24,891 shares in Ethan Allen Interiors, valued at approximately $689,000, representing about 0.10% of the company's shares.
• Ethan Allen Interiors reported a quarterly EPS of $0.49, exceeding analysts' expectations, while its revenue for the quarter was down 4.9% year-over-year.
• The company announced a quarterly dividend of $0.39, yielding 5.2%, with a payout ratio of 77.61% as of its latest disclosure.

Graham Capital Management L.P. acquired a new stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,891 shares of the company's stock, valued at approximately $689,000. Graham Capital Management L.P. owned 0.10% of Ethan Allen Interiors at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. IFP Advisors Inc grew its stake in Ethan Allen Interiors by 12,857.1% in the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after buying an additional 900 shares during the last quarter. State of Wyoming bought a new stake in shares of Ethan Allen Interiors during the fourth quarter worth approximately $52,000. AlphaQuest LLC grew its position in shares of Ethan Allen Interiors by 344.8% in the first quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock valued at $94,000 after purchasing an additional 2,634 shares during the last quarter. Quarry LP increased its stake in shares of Ethan Allen Interiors by 72.2% during the first quarter. Quarry LP now owns 4,484 shares of the company's stock worth $124,000 after purchasing an additional 1,880 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Ethan Allen Interiors during the first quarter worth approximately $138,000. Institutional investors and hedge funds own 83.80% of the company's stock.

Ethan Allen Interiors Trading Down 0.1%

Shares of NYSE:ETD traded down $0.03 on Wednesday, reaching $29.33. 250,727 shares of the company's stock were exchanged, compared to its average volume of 287,489. Ethan Allen Interiors Inc. has a twelve month low of $24.55 and a twelve month high of $33.77. The company has a fifty day moving average of $29.60 and a 200-day moving average of $28.05. The company has a market capitalization of $745.73 million, a price-to-earnings ratio of 14.59 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The business had revenue of $160.36 million during the quarter, compared to analysts' expectations of $152.20 million. During the same period in the previous year, the company posted $0.70 earnings per share. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.