Public Employees Retirement System of Ohio Acquires 14,730 Shares of Ethan Allen Interiors Inc. $ETD

Key Points

• The Public Employees Retirement System of Ohio significantly increased its stake in Ethan Allen Interiors by 1,697.0% during the 2nd quarter, acquiring 14,730 shares to own a total of 15,598 shares worth approximately $434,000.
• CEO M Farooq Kathwari sold 15,000 shares at an average price of $29.37 per share, reducing his ownership by 0.93% while still holding shares valued at nearly $46.95 million.
• Ethan Allen Interiors reported a 4.9% drop in year-over-year revenue but exceeded earnings expectations with an EPS of $0.49, beating the consensus estimate of $0.45.

Public Employees Retirement System of Ohio increased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 1,697.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,598 shares of the company's stock after acquiring an additional 14,730 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of Ethan Allen Interiors worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Gilman Hill Asset Management LLC bought a new position in shares of Ethan Allen Interiors during the second quarter valued at approximately $6,202,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Ethan Allen Interiors in the 1st quarter worth approximately $3,254,000. Jane Street Group LLC grew its stake in shares of Ethan Allen Interiors by 31.2% in the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company's stock worth $10,304,000 after buying an additional 88,383 shares during the last quarter. Trexquant Investment LP increased its position in Ethan Allen Interiors by 345.6% during the 1st quarter. Trexquant Investment LP now owns 93,332 shares of the company's stock valued at $2,585,000 after buying an additional 72,386 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Ethan Allen Interiors during the first quarter valued at $1,908,000. Institutional investors own 83.80% of the company's stock.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $29.37, for a total transaction of $440,550.00. Following the completion of the sale, the chief executive officer owned 1,598,652 shares of the company's stock, valued at approximately $46,952,409.24. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.92% of the company's stock.

Ethan Allen Interiors Price Performance

ETD stock opened at $28.91 on Monday. The stock's fifty day moving average price is $29.45 and its 200-day moving average price is $28.23. The company has a market cap of $735.76 million, a P/E ratio of 14.38 and a beta of 1.12. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $32.61.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.49 EPS 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 in the prior year, the company earned $0.70 earnings per share. The firm's revenue was down 4.9% on a year-over-year basis. As a group, analysts expect 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 announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 77.61%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ETD shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Ethan Allen Interiors in a research note on Saturday, September 27th. 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 Thursday, July 31st. Finally, Zacks Research raised shares of Ethan Allen Interiors from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ethan Allen Interiors currently has a consensus rating of "Hold" and an average target price of $30.00.

Ethan Allen Interiors 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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