92,343 Shares in Ethan Allen Interiors Inc. $ETD Bought by PDT Partners LLC

PDT Partners LLC acquired a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the second quarter, Holdings Channel reports. The institutional investor acquired 92,343 shares of the company’s stock, valued at approximately $2,063,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETD. BlackRock Inc. acquired a new position in shares of Ethan Allen Interiors during the 2nd quarter worth about $54,163,000. Bank of New York Mellon Corp acquired a new stake in shares of Ethan Allen Interiors in the 2nd quarter valued at approximately $7,512,000. Balyasny Asset Management L.P. bought a new position in Ethan Allen Interiors during the 2nd quarter worth approximately $5,845,000. JPMorgan Chase & Co. boosted its stake in Ethan Allen Interiors by 260.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company’s stock worth $5,647,000 after acquiring an additional 138,452 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Ethan Allen Interiors by 198.3% during the fourth quarter. Millennium Management LLC now owns 206,945 shares of the company’s stock valued at $4,727,000 after purchasing an additional 137,566 shares during the period. Institutional investors own 83.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ETD. Telsey Advisory Group lowered their target price on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th. Zacks Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Ethan Allen Interiors in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Sell” and a consensus target price of $22.00.

Ethan Allen Interiors Stock Performance

Shares of ETD opened at $23.64 on Thursday. The firm has a market cap of $601.64 million, a P/E ratio of 15.15 and a beta of 1.02. Ethan Allen Interiors Inc. has a twelve month low of $18.28 and a twelve month high of $30.80. The firm’s 50 day moving average price is $22.64 and its two-hundred day moving average price is $22.11.

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

Ethan Allen Interiors Dividend Announcement

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

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.