Northern Trust Corp Decreases Holdings in Ethan Allen Interiors Inc. $ETD

Key Points

• Northern Trust Corp has reduced its stake in Ethan Allen Interiors Inc. by 2.6%, now owning approximately 391,425 shares valued at $10.84 million.
• Ethan Allen Interiors reported a quarterly earnings of $0.49 per share, outperforming estimates by $0.04, though revenue decreased by 4.9% compared to last year.
• The company declared a quarterly dividend of $0.39, providing an annualized yield of 5.2% and a dividend payout ratio of 77.61%.

Northern Trust Corp cut its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 391,425 shares of the company's stock after selling 10,561 shares during the period. Northern Trust Corp owned about 1.54% of Ethan Allen Interiors worth $10,842,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Ethan Allen Interiors by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company's stock valued at $46,553,000 after acquiring an additional 13,822 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Ethan Allen Interiors by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock valued at $24,993,000 after acquiring an additional 64,565 shares during the period. American Century Companies Inc. grew its position in shares of Ethan Allen Interiors by 9.2% during the 1st quarter. American Century Companies Inc. now owns 792,940 shares of the company's stock valued at $21,964,000 after acquiring an additional 66,727 shares during the period. LSV Asset Management grew its position in shares of Ethan Allen Interiors by 9.7% during the 1st quarter. LSV Asset Management now owns 585,200 shares of the company's stock valued at $16,210,000 after acquiring an additional 51,700 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Ethan Allen Interiors by 6.6% during the 4th quarter. Jane Street Group LLC now owns 283,596 shares of the company's stock valued at $7,972,000 after acquiring an additional 17,435 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ethan Allen Interiors Trading Down 0.1%

Ethan Allen Interiors stock traded down $0.03 during mid-day trading on Wednesday, hitting $29.33. The stock had a trading volume of 250,727 shares, compared to its average volume of 287,489. The firm has a market capitalization of $745.73 million, a P/E ratio of 14.59 and a beta of 1.13. The firm's 50 day moving average is $29.60 and its 200 day moving average is $28.05. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $33.77.

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, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. Ethan Allen Interiors's quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend 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 77.61%.

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.