New York State Common Retirement Fund Grows Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Key Points

• The New York State Common Retirement Fund increased its stake in Ethan Allen Interiors Inc. by 56.9% during the first quarter, now owning 30,593 shares valued at approximately $847,000.
• Ethan Allen reported earnings of $0.38 per share for the most recent quarter, missing estimates, with a revenue decrease of 2.5% year-over-year.
• The company declared a quarterly dividend of $0.39 per share, representing an annual yield of 5.23%, with a payout ratio of 69.33%.

New York State Common Retirement Fund increased its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 56.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,593 shares of the company's stock after purchasing an additional 11,100 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Ethan Allen Interiors worth $847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ETD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ethan Allen Interiors by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company's stock valued at $366,000 after acquiring an additional 448 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Ethan Allen Interiors by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company's stock worth $801,000 after buying an additional 463 shares during the period. Gotham Asset Management LLC increased its stake in shares of Ethan Allen Interiors by 5.8% during the fourth quarter. Gotham Asset Management LLC now owns 10,237 shares of the company's stock worth $288,000 after buying an additional 561 shares during the period. Unison Advisors LLC lifted its stake in Ethan Allen Interiors by 2.6% in the fourth quarter. Unison Advisors LLC now owns 30,458 shares of the company's stock worth $856,000 after acquiring an additional 781 shares during the last quarter. Finally, Comerica Bank lifted its stake in Ethan Allen Interiors by 4.3% in the fourth quarter. Comerica Bank now owns 20,927 shares of the company's stock worth $588,000 after acquiring an additional 858 shares during the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Down 0.7%

Ethan Allen Interiors stock traded down $0.20 during trading on Tuesday, reaching $29.61. The stock had a trading volume of 15,760 shares, compared to its average volume of 287,812. The business has a 50 day moving average price of $27.91 and a 200 day moving average price of $27.96. The stock has a market cap of $752.96 million, a PE ratio of 13.16 and a beta of 1.16. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $146.85 million. Ethan Allen Interiors had a net margin of 9.29% and a return on equity of 12.08%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. On average, equities analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio (DPR) is 69.33%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research note on Friday.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $26.85, for a total value of $268,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,611,905 shares of the company's stock, valued at $43,279,649.25. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 11,366 shares of company stock valued at $305,390 over the last three months. Corporate insiders own 10.48% of the company's stock.

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.