Keeley Teton Advisors LLC Buys 17,613 Shares of Ethan Allen Interiors Inc. $ETD

Key Points

• Keeley Teton Advisors LLC increased its stake in Ethan Allen Interiors Inc. by 36.4% in the first quarter, acquiring an additional 17,613 shares, bringing its total holdings to 66,015 shares.
• Ethan Allen Interiors reported earnings of $0.49 per share for the last quarter, surpassing analyst expectations of $0.45, despite a year-over-year revenue decline of 4.9% to $160.36 million.
• The company is set to pay a quarterly dividend of $0.39 per share, translating to an annualized dividend of $1.56 with a yield of 5.2%.

Keeley Teton Advisors LLC boosted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 36.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,015 shares of the company's stock after buying an additional 17,613 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.26% of Ethan Allen Interiors worth $1,829,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ETD. IFP Advisors Inc increased its position 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 acquiring an additional 900 shares during the period. State of Wyoming bought a new position in shares of Ethan Allen Interiors during the fourth quarter valued at $52,000. Quarry LP raised its stake in shares of Ethan Allen Interiors by 73.3% during the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after acquiring an additional 1,101 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Ethan Allen Interiors by 344.8% during the first quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock valued at $94,000 after acquiring an additional 2,634 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Ethan Allen Interiors during the first quarter valued at $138,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD traded down $0.09 during trading on Friday, reaching $29.46. The stock had a trading volume of 337,915 shares, compared to its average volume of 302,860. The firm's fifty day moving average is $29.39 and its 200 day moving average is $28.02. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $33.77. The stock has a market cap of $749.27 million, a price-to-earnings ratio of 14.66 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $152.20 million. During the same period in the prior year, the firm posted $0.70 EPS. The company's quarterly revenue was down 4.9% on a year-over-year basis. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis 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 currently 77.61%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Ethan Allen Interiors currently has an average 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.