Trexquant Investment LP Buys 72,386 Shares of Ethan Allen Interiors Inc. $ETD

Key Points

• Trexquant Investment LP significantly increased its holdings in Ethan Allen Interiors Inc. by 345.6%, now owning 93,332 shares worth approximately $2.6 million.
• Ethan Allen's recent earnings report showed an EPS of $0.49, surpassing expectations, despite a year-over-year revenue decline of 4.9%.
• The company declared a quarterly dividend of $0.39 per share, representing a 5.4% yield, with a dividend payout ratio of 77.61%.

Trexquant Investment LP lifted its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 345.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,332 shares of the company's stock after buying an additional 72,386 shares during the quarter. Trexquant Investment LP owned approximately 0.37% of Ethan Allen Interiors worth $2,585,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Ethan Allen Interiors by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company's stock worth $46,553,000 after purchasing an additional 13,822 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Ethan Allen Interiors by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock worth $24,993,000 after acquiring an additional 64,565 shares during the period. American Century Companies Inc. raised its position in shares of Ethan Allen Interiors by 9.2% during the first quarter. American Century Companies Inc. now owns 792,940 shares of the company's stock worth $21,964,000 after purchasing an additional 66,727 shares during the period. LSV Asset Management boosted its stake in shares of Ethan Allen Interiors by 9.7% during the 1st quarter. LSV Asset Management now owns 585,200 shares of the company's stock worth $16,210,000 after acquiring an additional 51,700 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Ethan Allen Interiors by 6.3% in the 4th quarter. Northern Trust Corp now owns 401,986 shares of the company's stock worth $11,300,000 after buying an additional 23,982 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Ethan Allen Interiors Stock Performance

NYSE ETD traded down $0.45 during mid-day trading on Monday, reaching $29.89. 87,018 shares of the stock were exchanged, compared to its average volume of 292,706. The business's 50 day moving average is $29.58 and its 200-day moving average is $28.02. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $33.77. The company has a market capitalization of $760.10 million, a P/E ratio of 14.89 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping 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 company had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. During the same quarter in the prior year, the firm earned $0.70 EPS. Ethan Allen Interiors's quarterly revenue was down 4.9% on a year-over-year basis. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend 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 presently 77.61%.

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.