Tudor Investment Corp ET AL Acquires 48,557 Shares of Ethan Allen Interiors Inc. $ETD

Key Points

• Tudor Investment Corp boosted its stake in Ethan Allen by 117.1%, adding 48,557 shares to hold 90,018 shares (~0.35% of the company) valued at $2.65M, and institutional investors now own about 83.8% of the stock.
• Analyst sentiment is weak with a MarketBeat consensus rating of "Reduce" and a consensus target price of $27, following recent downgrades and mixed broker notes.
• Ethan Allen topped quarterly EPS estimates ($0.44 vs. $0.38) while revenue fell 4.7% year-over-year, and it pays a $0.39 quarterly dividend (annualized $1.56) for a 7.0% yield with a 90.7% payout ratio.

Tudor Investment Corp ET AL lifted its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 117.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,018 shares of the company's stock after buying an additional 48,557 shares during the period. Tudor Investment Corp ET AL owned about 0.35% of Ethan Allen Interiors worth $2,652,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tower Research Capital LLC TRC grew its position in Ethan Allen Interiors by 365.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company's stock valued at $85,000 after acquiring an additional 2,398 shares during the last quarter. CWM LLC lifted its holdings in shares of Ethan Allen Interiors by 391.4% in the third quarter. CWM LLC now owns 4,236 shares of the company's stock worth $125,000 after acquiring an additional 3,374 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Ethan Allen Interiors by 106.0% in the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company's stock valued at $135,000 after purchasing an additional 2,359 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Ethan Allen Interiors by 4,532.6% during the 3rd quarter. Versant Capital Management Inc now owns 5,976 shares of the company's stock valued at $176,000 after purchasing an additional 5,847 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Ethan Allen Interiors by 31.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,682 shares of the company's stock valued at $186,000 after purchasing an additional 1,589 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on ETD. Zacks Research downgraded shares of Ethan Allen Interiors from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 17th. Weiss Ratings upgraded shares of Ethan Allen Interiors from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, February 10th. Telsey Advisory Group dropped their price target on Ethan Allen Interiors from $28.00 to $27.00 and set a "market perform" rating for the company in a research note on Thursday, January 29th. Finally, Wall Street Zen raised Ethan Allen Interiors from a "sell" rating to a "hold" rating in a report on Sunday, March 1st. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Ethan Allen Interiors has a consensus rating of "Reduce" and a consensus target price of $27.00.

Insider Activity

In related news, CEO M Farooq Kathwari sold 2,168 shares of Ethan Allen Interiors stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the transaction, the chief executive officer directly owned 1,483,228 shares of the company's stock, valued at $37,095,532.28. The trade was a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.92% of the stock is owned by company insiders.

Ethan Allen Interiors Stock Performance

ETD stock opened at $22.18 on Friday. The company has a fifty day moving average price of $23.18 and a 200-day moving average price of $24.69. The company has a market capitalization of $564.48 million, a P/E ratio of 12.90 and a beta of 1.19. Ethan Allen Interiors Inc. has a 52-week low of $21.45 and a 52-week high of $31.41.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $149.92 million for the quarter, compared to analysts' expectations of $152.25 million. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. Ethan Allen Interiors's revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, sell-side analysts forecast 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 Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 7.0%. Ethan Allen Interiors's dividend payout ratio is presently 90.70%.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc NYSE: ETD is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.

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