OMERS ADMINISTRATION Corp Takes $244,000 Position in Ethan Allen Interiors Inc. $ETD

Key Points

• OMERS ADMINISTRATION Corp has acquired a new stake in Ethan Allen Interiors, purchasing 8,800 shares valued at approximately $244,000.
• Various hedge funds, including Mirae Asset and GAMMA Investing LLC, have significantly increased their investments in Ethan Allen Interiors, contributing to a total institutional ownership of 83.80%.
• Ethan Allen Interiors recently reported earnings of $0.49 per share, surpassing analyst expectations, despite a 4.9% year-over-year decline in revenue.

OMERS ADMINISTRATION Corp bought a new stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,800 shares of the company's stock, valued at approximately $244,000.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Ethan Allen Interiors by 12.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,443 shares of the company's stock valued at $508,000 after buying an additional 2,073 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Ethan Allen Interiors by 5,743.0% in the first quarter. GAMMA Investing LLC now owns 22,437 shares of the company's stock valued at $622,000 after buying an additional 22,053 shares during the last quarter. American Century Companies Inc. raised its position in shares of Ethan Allen Interiors by 9.2% in the first quarter. American Century Companies Inc. now owns 792,940 shares of the company's stock valued at $21,964,000 after buying an additional 66,727 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 64,565 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Ethan Allen Interiors by 28.0% in the fourth quarter. Deutsche Bank AG now owns 15,938 shares of the company's stock valued at $448,000 after buying an additional 3,491 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.00.

Ethan Allen Interiors Price Performance

Shares of ETD opened at $30.21 on Friday. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $33.77. The stock has a market cap of $768.34 million, a PE ratio of 15.03 and a beta of 1.13. The firm has a 50-day simple moving average of $29.53 and a two-hundred day simple moving average of $28.03.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly 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 net margin of 8.39% and a return on equity of 10.92%. The business had revenue of $160.36 million during the quarter, compared to analysts' expectations of $152.20 million. During the same period last year, the business earned $0.70 earnings per share. The business's revenue for the quarter was down 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

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

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