Tudor Investment Corp ET AL Has $2.65 Million Stake in Ethan Allen Interiors Inc. $ETD

Key Points

• Tudor Investment Corp boosted its stake in Ethan Allen by 117.1% in Q3 to 90,018 shares—about a 0.35% ownership position valued at $2.65 million.
• Institutional interest is heavy (83.8% ownership) with several funds (JPMorgan, Jacobs Levy, Jane Street, Balyasny) adding positions, while CEO M. Farooq Kathwari sold 2,168 shares leaving insiders with 9.92% ownership.
• Company snapshot: Ethan Allen beat EPS expectations ($0.44 vs. $0.38) despite revenues falling 4.7%, pays a $0.39 quarterly dividend (7.0% yield), and carries a consensus "Reduce" rating with a $27 target.

Tudor Investment Corp ET AL boosted its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 117.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,018 shares of the company's stock after buying an additional 48,557 shares during the quarter. Tudor Investment Corp ET AL owned about 0.35% of Ethan Allen Interiors worth $2,652,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Balyasny Asset Management L.P. bought a new position in Ethan Allen Interiors in the 2nd quarter worth $5,845,000. JPMorgan Chase & Co. raised its holdings in Ethan Allen Interiors by 260.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company's stock worth $5,647,000 after acquiring an additional 138,452 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Ethan Allen Interiors by 42.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 391,769 shares of the company's stock worth $11,542,000 after acquiring an additional 117,047 shares during the period. Jane Street Group LLC raised its holdings in 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 acquiring an additional 88,383 shares during the period. Finally, Gabelli Funds LLC bought a new position in Ethan Allen Interiors in the 2nd quarter worth $1,878,000. 83.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 2,168 shares of the company's 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 sale, the chief executive officer directly owned 1,483,228 shares in the company, valued at approximately $37,095,532.28. This represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 9.92% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ETD. 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. Zacks Research downgraded shares of Ethan Allen Interiors from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 17th. Wall Street Zen upgraded shares of Ethan Allen Interiors from a "sell" rating to a "hold" rating in a report on Sunday, March 1st. Finally, Telsey Advisory Group dropped their target price on shares of Ethan Allen Interiors from $28.00 to $27.00 and set a "market perform" rating on the stock in a report on Thursday, January 29th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $27.00.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $22.42 on Friday. The company has a market cap of $570.46 million, a price-to-earnings ratio of 13.03 and a beta of 1.16. The firm's 50-day moving average is $22.77 and its 200-day moving average is $24.15. Ethan Allen Interiors Inc. has a 52-week low of $21.20 and a 52-week high of $31.41.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.06. The firm had revenue of $149.92 million during 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%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.0%. The ex-dividend date was Wednesday, February 11th. Ethan Allen Interiors's dividend payout ratio is currently 90.70%.

About Ethan Allen Interiors

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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