Ethan Allen Interiors Inc. $ETD Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has increased its stake in Ethan Allen Interiors Inc. by 0.8%, owning a total of 1,680,620 shares valued at approximately $46.55 million.
• Ethan Allen Interiors reported a quarterly earnings per share (EPS) of $0.49, surpassing analyst expectations of $0.45, though revenue decreased 4.9% year-over-year.
• The company declared a quarterly dividend of $0.39, reflecting an annualized dividend yield of 5.2%, with a payout ratio of 77.61%.

Vanguard Group Inc. raised its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,680,620 shares of the company's stock after purchasing an additional 13,822 shares during the period. Vanguard Group Inc. owned about 6.61% of Ethan Allen Interiors worth $46,553,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in Ethan Allen Interiors by 12,857.1% in the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after purchasing an additional 900 shares during the period. State of Wyoming acquired a new stake in Ethan Allen Interiors in the fourth quarter valued at approximately $52,000. Quarry LP grew its holdings in Ethan Allen Interiors by 73.3% in the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after purchasing an additional 1,101 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Ethan Allen Interiors in the first quarter valued at approximately $138,000. Finally, US Bancorp DE lifted its position in shares of Ethan Allen Interiors by 461.9% in the first quarter. US Bancorp DE now owns 6,186 shares of the company's stock valued at $171,000 after acquiring an additional 5,085 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock traded down $0.40 during trading on Thursday, reaching $29.56. 414,040 shares of the company were exchanged, compared to its average volume of 313,368. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $33.77. The company has a market capitalization of $751.79 million, a P/E ratio of 14.69 and a beta of 1.19. The stock's 50 day simple moving average is $29.35 and its two-hundred day simple moving average is $28.03.

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 return on equity of 10.92% and a net margin of 8.39%.The firm had revenue of $160.36 million for the quarter, compared to the consensus estimate of $152.20 million. During the same quarter last year, the business posted $0.70 earnings per share. The firm's revenue was down 4.9% compared to the same quarter last year. As a group, equities analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be given a $0.39 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. Ethan Allen Interiors's payout ratio is currently 77.61%.

About Ethan Allen Interiors

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.