Invesco Ltd. Cuts Stock Position in Ethan Allen Interiors Inc. $ETD

Key Points

• Invesco Ltd. has decreased its holdings in Ethan Allen Interiors Inc. by 8.6%, selling 30,237 shares and now owning 321,235 shares valued at approximately $8.9 million.
• Ethan Allen Interiors reported earnings of $0.49 per share, exceeding the expected $0.45, with revenue of $160.36 million for the quarter.
• The company declared a quarterly dividend of $0.39 per share, reflecting an annualized yield of 5.2% and a payout ratio of 77.61%.

Invesco Ltd. trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 321,235 shares of the company's stock after selling 30,237 shares during the period. Invesco Ltd. owned approximately 1.26% of Ethan Allen Interiors worth $8,898,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Ethan Allen Interiors by 12.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,443 shares of the company's stock valued at $508,000 after buying an additional 2,073 shares during the last quarter. GAMMA Investing LLC raised its stake in Ethan Allen Interiors by 5,743.0% during the 1st quarter. GAMMA Investing LLC now owns 22,437 shares of the company's stock valued at $622,000 after buying an additional 22,053 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ethan Allen Interiors by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock valued at $24,993,000 after buying an additional 64,565 shares during the last quarter. Deutsche Bank AG raised its stake in Ethan Allen Interiors by 28.0% during the 4th quarter. Deutsche Bank AG now owns 15,938 shares of the company's stock valued at $448,000 after buying an additional 3,491 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ethan Allen Interiors by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company's stock valued at $366,000 after buying an additional 448 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD traded down $0.40 during midday trading on Thursday, reaching $29.56. The stock had a trading volume of 414,040 shares, compared to its average volume of 293,668. The stock has a 50-day moving average of $29.30 and a 200-day moving average of $28.03. The company has a market capitalization of $751.79 million, a price-to-earnings ratio of 14.71 and a beta of 1.19. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $33.77.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The firm had revenue of $160.36 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.70 earnings per share. As a group, 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 will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, August 13th. Ethan Allen Interiors's payout ratio is 77.61%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $30.00 target price 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 data from MarketBeat, Ethan Allen Interiors has a consensus rating of "Hold" and a consensus price target 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.