Nuveen LLC Acquires Shares of 68,864 Ethan Allen Interiors Inc. $ETD

Key Points

• Nuveen LLC has acquired a new stake in Ethan Allen Interiors by purchasing 68,864 shares valued at approximately $1.9 million, representing about 0.27% ownership of the company.
• Ether Allen Interiors reported a quarterly earnings per share (EPS) of $0.49, surpassing analysts' expectations of $0.45, although revenue declined by 4.9% year-over-year.
• The company recently declared a quarterly dividend of $0.39, equating to an annualized dividend of $1.56 and a yield of 5.3%.

Nuveen LLC acquired a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 68,864 shares of the company's stock, valued at approximately $1,908,000. Nuveen LLC owned 0.27% of Ethan Allen Interiors as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Ethan Allen Interiors by 39.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 62,878 shares of the company's stock worth $1,742,000 after purchasing an additional 17,774 shares during the period. Deutsche Bank AG grew its stake in Ethan Allen Interiors by 225.4% in the first quarter. Deutsche Bank AG now owns 51,867 shares of the company's stock valued at $1,437,000 after acquiring an additional 35,929 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Ethan Allen Interiors by 7.7% in the first 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. Vanguard Group Inc. grew its stake in Ethan Allen Interiors by 0.8% in the first 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. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Ethan Allen Interiors in the first quarter valued at about $138,000. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Performance

NYSE ETD traded up $1.26 during trading hours on Thursday, hitting $30.21. 327,598 shares of the company traded hands, compared to its average volume of 289,964. The business's 50-day moving average is $29.53 and its 200-day moving average is $28.03. 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 capitalization of $768.34 million, a price-to-earnings ratio of 15.03 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $152.20 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The business's quarterly revenue was down 4.9% compared to the same quarter last year. Analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 annualized dividend and a yield of 5.2%. Ethan Allen Interiors's dividend payout ratio is 77.61%.

Wall Street Analysts Forecast Growth

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

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.