Ethan Allen Interiors Inc. (NYSE:ETD) Shares Bought by LSV Asset Management

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 raised its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 585,200 shares of the company's stock after buying an additional 51,700 shares during the quarter. LSV Asset Management owned about 2.30% of Ethan Allen Interiors worth $16,210,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. IFP Advisors Inc lifted its position in shares of Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after purchasing an additional 900 shares in the last quarter. State of Wyoming purchased a new stake in Ethan Allen Interiors during the 4th quarter valued at approximately $52,000. Quarry LP grew its position in Ethan Allen Interiors by 73.3% in the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after buying an additional 1,101 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Ethan Allen Interiors during the fourth quarter worth about $112,000. Finally, US Bancorp DE raised its stake in shares of Ethan Allen Interiors by 461.9% during the 1st quarter. US Bancorp DE now owns 6,186 shares of the company's stock worth $171,000 after buying an additional 5,085 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $26.85, for a total transaction of $268,500.00. Following the transaction, the chief executive officer owned 1,611,905 shares of the company's stock, valued at $43,279,649.25. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 11,366 shares of company stock valued at $305,390 over the last 90 days. Corporate insiders own 10.48% of the company's stock.

Ethan Allen Interiors Price Performance

ETD traded down $0.30 during trading on Thursday, hitting $29.28. The company's stock had a trading volume of 314,736 shares, compared to its average volume of 292,706. The firm's 50 day moving average price is $28.27 and its 200-day moving average price is $28.00. Ethan Allen Interiors Inc. has a twelve month low of $24.55 and a twelve month high of $33.77. The stock has a market cap of $744.51 million, a PE ratio of 14.57 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%. The firm had revenue of $160.36 million for the quarter, compared to analysts' expectations of $152.20 million. During the same quarter last year, the firm earned $0.70 earnings per share. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. Equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, August 13th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $1.56 annualized dividend and a yield of 5.3%. Ethan Allen Interiors's dividend payout ratio is currently 77.61%.

Analyst Upgrades and Downgrades

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

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.