Ethan Allen Interiors Inc. $ETD Holdings Raised by Rhumbline Advisers

Key Points

• Rhumbline Advisers increased its stake in Ethan Allen Interiors by 78% in Q1 2023, now owning 154,930 shares valued at approximately $4.29 million.
• The company recently announced a quarterly dividend of $0.39, representing an annual yield of 5.3%, with a payout ratio of 77.61%.
• Ethan Allen Interiors reported earnings of $0.49 per share, beating analysts' expectations, despite a 4.9% decline in year-over-year revenue.

Rhumbline Advisers boosted its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 78.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 154,930 shares of the company's stock after acquiring an additional 67,884 shares during the period. Rhumbline Advisers owned about 0.61% of Ethan Allen Interiors worth $4,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at $3,254,000. Jane Street Group LLC grew its stake in shares of Ethan Allen Interiors by 31.2% during the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company's stock valued at $10,304,000 after buying an additional 88,383 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Ethan Allen Interiors during the 4th quarter valued at $2,480,000. Trexquant Investment LP grew its stake in shares of 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 during the period. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Ethan Allen Interiors by 168.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 112,710 shares of the company's stock valued at $3,168,000 after buying an additional 70,664 shares during the period. 83.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $29.37, for a total value of $440,550.00. Following the completion of the transaction, the chief executive officer owned 1,598,652 shares in the company, valued at approximately $46,952,409.24. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.48% of the company's stock.

Analyst Upgrades and Downgrades

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

Ethan Allen Interiors Trading Down 1.8%

ETD stock traded down $0.54 during trading on Friday, reaching $29.27. The stock had a trading volume of 473,587 shares, compared to its average volume of 281,489. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $32.61. The company has a market capitalization of $744.34 million, a P/E ratio of 14.56 and a beta of 1.13. The firm has a fifty day moving average price of $29.52 and a 200 day moving average price of $28.10.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $160.36 million for the quarter, compared to analyst estimates of $152.20 million. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 EPS. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were given a $0.39 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.56 annualized dividend and a yield of 5.3%. 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.