New York State Teachers Retirement System Sells 32,203 Shares of Ethan Allen Interiors Inc. $ETD

New York State Teachers Retirement System lessened its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 94.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,981 shares of the company’s stock after selling 32,203 shares during the quarter. New York State Teachers Retirement System’s holdings in Ethan Allen Interiors were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ETD. Tower Research Capital LLC TRC raised its holdings in Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after acquiring an additional 2,398 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Ethan Allen Interiors by 76.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock valued at $120,000 after buying an additional 2,267 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ethan Allen Interiors by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock valued at $130,000 after purchasing an additional 1,565 shares during the period. Osaic Holdings Inc. lifted its position in Ethan Allen Interiors by 31.2% in the second quarter. Osaic Holdings Inc. now owns 6,682 shares of the company’s stock worth $186,000 after buying an additional 1,589 shares during the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth about $204,000. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Up 3.0%

Ethan Allen Interiors stock opened at $22.89 on Thursday. The firm has a market cap of $582.54 million, a price-to-earnings ratio of 14.49 and a beta of 1.01. The business’s 50-day moving average price is $20.93 and its 200 day moving average price is $22.24. Ethan Allen Interiors Inc. has a 52 week low of $18.28 and a 52 week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $135.84 million for the quarter, compared to the consensus estimate of $134.85 million. Ethan Allen Interiors had a net margin of 6.81% and a return on equity of 8.54%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. Equities analysts expect that Ethan Allen Interiors Inc. will post 1.45 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $1.56 dividend on an annualized basis and a yield of 6.8%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 98.73%.

Analyst Ratings Changes

A number of analysts have weighed in on ETD shares. Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Telsey Advisory Group reduced their price target on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $24.00.

Ethan Allen Interiors Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.