Sei Investments Co. Acquires New Stake in Ethan Allen Interiors Inc. $ETD

Sei Investments Co. bought a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) during the 1st quarter, Holdings Channel.com reports. The firm bought 42,156 shares of the company’s stock, valued at approximately $938,000.

A number of other institutional investors have also recently made changes to their positions in ETD. Unison Advisors LLC increased its stake in shares of Ethan Allen Interiors by 1.6% in the first quarter. Unison Advisors LLC now owns 32,603 shares of the company’s stock valued at $726,000 after buying an additional 517 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ethan Allen Interiors by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after acquiring an additional 538 shares during the period. Vident Advisory LLC lifted its stake in shares of Ethan Allen Interiors by 4.1% in the second quarter. Vident Advisory LLC now owns 17,755 shares of the company’s stock worth $494,000 after acquiring an additional 692 shares during the period. Franklin Resources Inc. increased its position in Ethan Allen Interiors by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 17,426 shares of the company’s stock valued at $513,000 after purchasing an additional 770 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Ethan Allen Interiors by 9.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,930 shares of the company’s stock worth $249,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Performance

Shares of ETD stock opened at $22.56 on Thursday. Ethan Allen Interiors Inc. has a fifty-two week low of $18.28 and a fifty-two week high of $31.41. The stock has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $22.16. The company has a market cap of $574.15 million, a P/E ratio of 14.46 and a beta of 1.02.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. On average, research analysts predict that Ethan Allen Interiors Inc. will post 1.35 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 12th. Ethan Allen Interiors’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ETD shares. Telsey Advisory Group dropped their price target on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Zacks Research downgraded shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Ethan Allen Interiors in a report on Friday, July 31st. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Sell” and an average target price of $22.00.

About Ethan Allen Interiors

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.