Landscape Capital Management L.L.C. Acquires Shares of 123,623 Ethan Allen Interiors Inc. $ETD

Key Points

• Landscape Capital Management acquired 123,623 shares of Ethan Allen Interiors in the second quarter, valued at approximately $2.76 million and representing about 0.49% of the company. Institutional investors collectively own 83.8% of the stock.
• Ethan Allen reported quarterly EPS of $0.36, beating estimates of $0.34, but revenue fell 8.5% year over year to $146.75 million and missed forecasts. Shares opened at $23.43, compared with a 52-week range of $18.28 to $31.41.
• The company declared a special $3.00-per-share dividend, while analysts remain cautious: the stock carries an average “Sell” rating with a $22.00 target price.

Landscape Capital Management L.L.C. bought a new position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 123,623 shares of the company's stock, valued at approximately $2,762,000. Landscape Capital Management L.L.C. owned approximately 0.49% of Ethan Allen Interiors at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in shares of Ethan Allen Interiors in the 2nd quarter worth about $207,000. Callan Family Office LLC bought a new position in Ethan Allen Interiors in the 2nd quarter worth about $234,000. Allworth Financial LP purchased a new stake in Ethan Allen Interiors during the 2nd quarter valued at about $30,000. BlackRock Inc. purchased a new stake in Ethan Allen Interiors during the 2nd quarter valued at about $54,163,000. Finally, Dunhill Financial LLC bought a new stake in Ethan Allen Interiors during the 2nd quarter valued at about $92,000. 83.80% of the stock is currently owned by institutional investors.

Ethan Allen Interiors Stock Performance

NYSE ETD opened at $23.43 on Friday. Ethan Allen Interiors Inc. has a one year low of $18.28 and a one year high of $31.41. The stock has a 50-day moving average of $22.50 and a 200 day moving average of $22.12. The company has a market capitalization of $596.29 million, a price-to-earnings ratio of 15.02 and a beta of 1.02.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The business had revenue of $146.75 million during the quarter, compared to analyst estimates of $148.70 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.Ethan Allen Interiors's revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, equities analysts predict that Ethan Allen Interiors Inc. will post 1.35 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, September 3rd. Ethan Allen Interiors's payout ratio is presently 100.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ETD shares. Telsey Advisory Group decreased their target price on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a "market perform" rating for the company in a report on Thursday, July 30th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Ethan Allen Interiors in a report on Friday, July 31st. Finally, Zacks Research lowered shares of Ethan Allen Interiors from a "hold" rating to a "strong sell" rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Ethan Allen Interiors currently has an average rating of "Sell" and an average target price of $22.00.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc NYSE: ETD is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.

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