Jefferies Financial Group Inc. Purchases New Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Jefferies Financial Group Inc. bought a new position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,134 shares of the company's stock, valued at approximately $558,000. Jefferies Financial Group Inc. owned approximately 0.08% of Ethan Allen Interiors at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETD. JPMorgan Chase & Co. lifted its holdings in Ethan Allen Interiors by 177.1% in the 4th quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company's stock worth $4,147,000 after purchasing an additional 94,287 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ethan Allen Interiors during the 4th quarter worth about $2,480,000. Renaissance Technologies LLC boosted its position in shares of Ethan Allen Interiors by 36.3% during the fourth quarter. Renaissance Technologies LLC now owns 315,900 shares of the company's stock valued at $8,880,000 after buying an additional 84,100 shares during the period. Barclays PLC grew its position in Ethan Allen Interiors by 134.2% in the 4th quarter. Barclays PLC now owns 133,910 shares of the company's stock valued at $3,764,000 after acquiring an additional 76,736 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Ethan Allen Interiors by 168.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 112,710 shares of the company's stock worth $3,168,000 after buying an additional 70,664 shares during the period. Institutional investors own 83.80% of the company's stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated a "market perform" rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, July 31st.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $26.85, for a total transaction of $268,500.00. Following the sale, the chief executive officer directly owned 1,611,905 shares of the company's stock, valued at $43,279,649.25. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 11,366 shares of company stock worth $305,390. 10.48% of the stock is currently owned by insiders.

Ethan Allen Interiors Trading Down 0.2%

Shares of ETD traded down $0.07 during mid-day trading on Friday, hitting $29.24. The company's stock had a trading volume of 197,520 shares, compared to its average volume of 257,108. The company's 50-day moving average is $28.45 and its 200-day moving average is $28.01. The firm has a market capitalization of $743.57 million, a price-to-earnings ratio of 14.55 and a beta of 1.19. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $33.77.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The business had revenue of $160.36 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 earnings per share. As a group, sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share 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. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, August 13th. Ethan Allen Interiors's payout ratio is currently 77.61%.

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.