Versor Investments LP Acquires New Stake in Ethan Allen Interiors Inc. $ETD

Key Points

• Versor Investments LP acquired a new position in Ethan Allen Interiors, purchasing 35,000 shares valued at approximately $970,000, representing about 0.14% ownership in the company.
• Ethan Allen Interiors reported earnings of $0.49 per share for the last quarter, exceeding analysts' expectations of $0.45, despite a 4.9% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.39 per share, with an annualized yield of 5.2%, expecting a payout ratio of 77.61%.

Versor Investments LP acquired a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,000 shares of the company's stock, valued at approximately $970,000. Versor Investments LP owned approximately 0.14% of Ethan Allen Interiors at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Ethan Allen Interiors by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,443 shares of the company's stock worth $508,000 after buying an additional 2,073 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Ethan Allen Interiors by 5,743.0% in the 1st quarter. GAMMA Investing LLC now owns 22,437 shares of the company's stock valued at $622,000 after acquiring an additional 22,053 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Ethan Allen Interiors by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock valued at $24,993,000 after acquiring an additional 64,565 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Ethan Allen Interiors by 28.0% in the 4th quarter. Deutsche Bank AG now owns 15,938 shares of the company's stock valued at $448,000 after acquiring an additional 3,491 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ethan Allen Interiors by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company's stock valued at $366,000 after acquiring an additional 448 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors Price Performance

NYSE ETD traded up $1.1450 on Friday, reaching $29.9550. The company had a trading volume of 301,214 shares, compared to its average volume of 303,517. The firm has a market cap of $761.76 million, a price-to-earnings ratio of 14.90 and a beta of 1.19. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $33.77. The business has a 50 day moving average of $29.12 and a two-hundred day moving average of $28.00.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The business had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.Ethan Allen Interiors's quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. As a group, research analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Wednesday, August 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, August 13th. 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.