Assenagon Asset Management S.A. Invests $1.43 Million in Ethan Allen Interiors Inc. (NYSE:ETD)

Assenagon Asset Management S.A. purchased a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,751 shares of the company’s stock, valued at approximately $1,432,000. Assenagon Asset Management S.A. owned 0.27% of Ethan Allen Interiors at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ETD. Envestnet Asset Management Inc. acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth approximately $349,000. JPMorgan Chase & Co. acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth approximately $3,517,000. Raymond James & Associates acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth approximately $1,106,000. Bank of New York Mellon Corp acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth approximately $11,645,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth approximately $655,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Price Performance

Shares of ETD stock opened at $29.54 on Friday. Ethan Allen Interiors Inc. has a 12-month low of $19.60 and a 12-month high of $29.90. The firm has a market capitalization of $748.75 million, a price-to-earnings ratio of 6.68 and a beta of 1.18. The business has a 50 day simple moving average of $27.55 and a 200 day simple moving average of $24.74.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.32. Ethan Allen Interiors had a return on equity of 27.53% and a net margin of 13.30%. The business had revenue of $214.53 million during the quarter, compared to analyst estimates of $206.40 million. During the same period in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, equities analysts anticipate that Ethan Allen Interiors Inc. will post 3.54 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Investors of record on Wednesday, December 7th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date was Tuesday, December 6th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 28.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ethan Allen Interiors from a “hold” rating to a “buy” rating in a report on Friday.

About Ethan Allen Interiors

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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 items comprising 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.