Hodges Capital Management Inc. Lowers Stock Position in Ethan Allen Interiors Inc. $ETD

Hodges Capital Management Inc. cut its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 41.2% during the first quarter, HoldingsChannel.com reports. The fund owned 379,753 shares of the company’s stock after selling 266,331 shares during the quarter. Ethan Allen Interiors makes up 1.1% of Hodges Capital Management Inc.’s holdings, making the stock its 26th largest position. Hodges Capital Management Inc.’s holdings in Ethan Allen Interiors were worth $10,519,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ETD. Northern Trust Corp grew its position in shares of Ethan Allen Interiors by 6.3% during the fourth quarter. Northern Trust Corp now owns 401,986 shares of the company’s stock worth $11,300,000 after acquiring an additional 23,982 shares during the last quarter. Comerica Bank grew its position in Ethan Allen Interiors by 4.3% in the 4th quarter. Comerica Bank now owns 20,927 shares of the company’s stock valued at $588,000 after buying an additional 858 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Ethan Allen Interiors by 168.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 112,710 shares of the company’s stock valued at $3,168,000 after buying an additional 70,664 shares during the last quarter. Deutsche Bank AG grew its position in 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 buying an additional 3,491 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in Ethan Allen Interiors by 5.8% in the 4th quarter. Gotham Asset Management LLC now owns 10,237 shares of the company’s stock valued at $288,000 after buying an additional 561 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Price Performance

NYSE:ETD opened at $29.64 on Friday. The firm’s fifty day moving average price is $29.59 and its 200 day moving average price is $28.06. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $33.77. The firm has a market cap of $753.75 million, a price-to-earnings ratio of 14.75 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results 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 company had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. During the same quarter last year, the company earned $0.70 earnings per share. Ethan Allen Interiors’s quarterly revenue was down 4.9% compared to the same quarter last year. As a group, analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 77.61%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 price objective 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, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

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.