Sanctuary Advisors LLC Makes New Investment in Ethan Allen Interiors Inc. $ETD

Sanctuary Advisors LLC purchased a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 21,386 shares of the company’s stock, valued at approximately $478,000. Sanctuary Advisors LLC owned about 0.08% of Ethan Allen Interiors at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ETD. Allworth Financial LP acquired a new stake in shares of Ethan Allen Interiors during the second quarter worth about $30,000. Tower Research Capital LLC TRC boosted 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 worth $85,000 after purchasing an additional 2,398 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Ethan Allen Interiors by 132.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock valued at $87,000 after acquiring an additional 2,219 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Ethan Allen Interiors in the first quarter valued at approximately $88,000. Finally, Dunhill Financial LLC acquired a new position in Ethan Allen Interiors during the second quarter worth $92,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Ratings Changes

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

Ethan Allen Interiors Trading Up 0.2%

ETD stock opened at $23.45 on Friday. The stock has a 50-day moving average price of $22.73 and a 200-day moving average price of $22.11. Ethan Allen Interiors Inc. has a 1-year low of $18.28 and a 1-year high of $30.80. The firm has a market cap of $596.80 million, a PE ratio of 15.03 and a beta of 1.02.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.The business had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. During the same period in the previous year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts forecast that Ethan Allen Interiors Inc. will post 1.3 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, September 3rd. Ethan Allen Interiors’s dividend payout ratio is 100.00%.

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.