SummerHaven Investment Management LLC Increases Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

SummerHaven Investment Management LLC increased its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,882 shares of the company’s stock after acquiring an additional 347 shares during the period. SummerHaven Investment Management LLC’s holdings in Ethan Allen Interiors were worth $794,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its position in Ethan Allen Interiors by 171.8% during the third quarter. PNC Financial Services Group Inc. now owns 4,563 shares of the company’s stock valued at $136,000 after acquiring an additional 2,884 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Ethan Allen Interiors during the 3rd quarter valued at about $203,000. Arizona State Retirement System acquired a new position in Ethan Allen Interiors during the 4th quarter worth approximately $204,000. Evergreen Capital Management LLC acquired a new position in Ethan Allen Interiors during the 3rd quarter worth approximately $213,000. Finally, Vest Financial LLC acquired a new stake in Ethan Allen Interiors in the fourth quarter valued at approximately $242,000. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Price Performance

NYSE:ETD opened at $28.90 on Tuesday. Ethan Allen Interiors Inc. has a 1-year low of $24.76 and a 1-year high of $36.19. The stock has a market cap of $734.35 million, a P/E ratio of 10.51 and a beta of 1.22. The firm has a 50-day moving average of $32.44 and a two-hundred day moving average of $30.31.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.93%. The business had revenue of $146.42 million for the quarter, compared to analyst estimates of $168.15 million. During the same quarter last year, the business earned $0.86 EPS. Ethan Allen Interiors’s revenue for the quarter was down 21.4% compared to the same quarter last year. As a group, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, May 6th. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 5.40%. Ethan Allen Interiors’s dividend payout ratio is currently 52.36%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, April 25th.

Ethan Allen Interiors Company 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.