LSV Asset Management Acquires 51,700 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Key Points

• LSV Asset Management increased its stake in Ethan Allen Interiors by 9.7% during the first quarter, holding 585,200 shares valued at approximately $16.21 million.
• Ethan Allen Interiors recently declared a quarterly dividend of $0.39 per share, representing an annualized yield of 5.3%, with a dividend payout ratio of 77.61%.
• The company's recent earnings report showed an EPS of $0.49 for the quarter, beating analysts' expectations, though revenue declined 4.9% year-over-year.

LSV Asset Management grew its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 585,200 shares of the company's stock after purchasing an additional 51,700 shares during the period. LSV Asset Management owned approximately 2.30% of Ethan Allen Interiors worth $16,210,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ETD. JPMorgan Chase & Co. boosted its stake in shares of Ethan Allen Interiors by 177.1% during the 4th quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company's stock valued at $4,147,000 after purchasing an additional 94,287 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ethan Allen Interiors in the fourth quarter worth about $2,480,000. Arrowstreet Capital Limited Partnership raised its holdings in Ethan Allen Interiors by 67.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 217,329 shares of the company's stock worth $6,109,000 after buying an additional 87,278 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Ethan Allen Interiors by 36.3% in the fourth quarter. Renaissance Technologies LLC now owns 315,900 shares of the company's stock worth $8,880,000 after buying an additional 84,100 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Ethan Allen Interiors by 134.2% during the fourth quarter. Barclays PLC now owns 133,910 shares of the company's stock valued at $3,764,000 after purchasing an additional 76,736 shares during the last quarter. Institutional investors own 83.80% of the company's stock.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company'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 completion of the transaction, the chief executive officer owned 1,611,905 shares in the company, valued at approximately $43,279,649.25. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 11,366 shares of company stock worth $305,390 in the last three months. 10.48% of the stock is currently owned by corporate insiders.

Ethan Allen Interiors Trading Up 0.0%

ETD stock traded up $0.01 during midday trading on Friday, reaching $29.32. 100,799 shares of the company's stock traded hands, compared to its average volume of 291,384. 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 $745.61 million, a P/E ratio of 14.56 and a beta of 1.19. The stock's 50-day moving average is $28.39 and its 200 day moving average is $28.01.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business 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 firm's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share. As a group, research analysts expect 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. Investors of record on Wednesday, August 13th will be given a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.3%. Ethan Allen Interiors's dividend payout ratio is currently 77.61%.

Analysts Set New Price Targets

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

About Ethan Allen Interiors

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.