Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 10.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,620 shares of the company’s stock after purchasing an additional 1,288 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Ethan Allen Interiors worth $435,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Ethan Allen Interiors by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,543,769 shares of the company’s stock valued at $46,159,000 after buying an additional 11,792 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Ethan Allen Interiors by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 725,969 shares of the company’s stock valued at $21,706,000 after buying an additional 6,506 shares during the period. Invesco Ltd. grew its holdings in Ethan Allen Interiors by 35.6% in the 3rd quarter. Invesco Ltd. now owns 416,348 shares of the company’s stock valued at $12,449,000 after buying an additional 109,235 shares during the period. American Century Companies Inc. grew its holdings in Ethan Allen Interiors by 10.8% in the 3rd quarter. American Century Companies Inc. now owns 375,968 shares of the company’s stock valued at $11,241,000 after buying an additional 36,579 shares during the period. Finally, Cambria Investment Management L.P. lifted its stake in shares of Ethan Allen Interiors by 8.5% in the 3rd quarter. Cambria Investment Management L.P. now owns 286,216 shares of the company’s stock valued at $8,558,000 after purchasing an additional 22,344 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday.

Ethan Allen Interiors Price Performance

NYSE ETD opened at $28.82 on Friday. The firm has a market capitalization of $732.03 million, a P/E ratio of 10.48 and a beta of 1.22. Ethan Allen Interiors Inc. has a 1-year low of $24.76 and a 1-year high of $36.19. The business’s 50-day simple moving average is $32.49 and its 200-day simple moving average is $30.31.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.18). The firm had revenue of $146.42 million during the quarter, compared to analyst estimates of $168.15 million. Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.99%. The business’s revenue for the quarter was down 21.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, equities research analysts expect that Ethan Allen Interiors Inc. will post 2.7 EPS for the current fiscal year.

Ethan Allen Interiors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 5.41%. Ethan Allen Interiors’s payout ratio is 56.73%.

Ethan Allen Interiors Company Profile

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 comprising fabric-covered items, such as 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.