Vanguard Group Inc. Grows Stake in Ethan Allen Interiors Inc. $ETD

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. increased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,680,620 shares of the company's stock after acquiring 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 hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock worth $25,000 after acquiring an additional 900 shares in the last quarter. State of Wyoming acquired a new position in Ethan Allen Interiors during the 4th quarter worth about $52,000. Quarry LP lifted its stake in Ethan Allen Interiors by 73.3% during the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock worth $73,000 after acquiring an additional 1,101 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Ethan Allen Interiors during the 1st quarter worth about $138,000. Finally, US Bancorp DE increased its holdings in Ethan Allen Interiors by 461.9% during the 1st quarter. US Bancorp DE now owns 6,186 shares of the company's stock worth $171,000 after purchasing an additional 5,085 shares during the period. Institutional investors and hedge funds own 83.80% of the company's stock.

Analyst Ratings Changes

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

Ethan Allen Interiors Stock Down 0.3%

NYSE ETD traded down $0.09 during trading hours on Friday, hitting $29.46. 337,915 shares of the company were exchanged, compared to its average volume of 298,455. The company has a 50 day moving average of $29.39 and a two-hundred day moving average of $28.01. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $33.77. The firm has a market cap of $749.27 million, a price-to-earnings ratio of 14.66 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating 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 business had revenue of $160.36 million for the quarter, compared to the consensus estimate of $152.20 million. During the same quarter in the prior year, the business posted $0.70 EPS. The business's revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were issued a $0.39 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.3%. Ethan Allen Interiors's dividend payout ratio 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.