LSV Asset Management Has $20.26 Million Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

LSV Asset Management reduced its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 634,566 shares of the company’s stock after selling 11,500 shares during the quarter. LSV Asset Management’s holdings in Ethan Allen Interiors were worth $20,255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings 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 buying an additional 2,884 shares in the last quarter. Arizona State Retirement System acquired a new position in Ethan Allen Interiors during the fourth quarter valued at approximately $204,000. Kovitz Investment Group Partners LLC bought a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $203,000. Evergreen Capital Management LLC bought a new position in Ethan Allen Interiors in the 3rd quarter worth $213,000. Finally, Vest Financial LLC acquired a new position in Ethan Allen Interiors during the 4th quarter worth $242,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Ethan Allen Interiors Price Performance

NYSE:ETD opened at $29.36 on Tuesday. Ethan Allen Interiors Inc. has a one year low of $24.76 and a one year high of $36.19. The company has a fifty day moving average price of $32.19 and a 200 day moving average price of $30.31. The stock has a market cap of $745.91 million, a P/E ratio of 10.67 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.48 EPS 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 company had revenue of $146.42 million for the quarter, compared to analyst estimates of $168.15 million. During the same period in the prior year, the company posted $0.86 EPS. The firm’s quarterly revenue was down 21.4% on a year-over-year basis. As a group, equities research analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th will be issued a $0.39 dividend. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, May 6th. This represents a $1.56 annualized dividend and a yield of 5.31%. Ethan Allen Interiors’s dividend payout ratio is 52.36%.

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.