Rhumbline Advisers Purchases 67,884 Shares of Ethan Allen Interiors Inc. $ETD

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 lifted its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 78.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,930 shares of the company's stock after buying an additional 67,884 shares during the quarter. Rhumbline Advisers owned about 0.61% of Ethan Allen Interiors worth $4,292,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ETD. IFP Advisors Inc boosted its position in Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after purchasing an additional 900 shares during the period. State of Wyoming bought a new stake in Ethan Allen Interiors during the fourth quarter worth approximately $52,000. AlphaQuest LLC boosted its position in Ethan Allen Interiors by 344.8% during the first quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock worth $94,000 after purchasing an additional 2,634 shares during the period. Quarry LP boosted its position in Ethan Allen Interiors by 72.2% during the first quarter. Quarry LP now owns 4,484 shares of the company's stock worth $124,000 after purchasing an additional 1,880 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Ethan Allen Interiors during the first quarter worth approximately $138,000. Institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Trading Down 1.3%

ETD opened at $29.20 on Monday. The business has a 50 day moving average of $29.57 and a 200-day moving average of $28.05. The stock has a market capitalization of $742.63 million, a price-to-earnings ratio of 14.53 and a beta of 1.13. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-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 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $160.36 million during the quarter, compared to analyst estimates of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.Ethan Allen Interiors's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Equities 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. Investors of record on Wednesday, August 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio is presently 77.61%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set 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, According to MarketBeat, Ethan Allen Interiors currently has a consensus 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.

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