Truist Financial Corp Decreases Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Truist Financial Corp reduced its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 18.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,236 shares of the company’s stock after selling 28,895 shares during the period. Truist Financial Corp’s holdings in Ethan Allen Interiors were worth $4,189,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ETD. Invesco Ltd. raised its holdings in Ethan Allen Interiors by 35.6% during 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. First Dallas Securities Inc. raised its stake in shares of Ethan Allen Interiors by 96.9% in the third quarter. First Dallas Securities Inc. now owns 139,111 shares of the company’s stock valued at $4,159,000 after acquiring an additional 68,444 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ethan Allen Interiors by 35.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 171,289 shares of the company’s stock worth $5,122,000 after acquiring an additional 44,946 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ethan Allen Interiors by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 375,968 shares of the company’s stock worth $11,241,000 after purchasing an additional 36,579 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Ethan Allen Interiors during the 3rd quarter worth about $676,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, April 25th.

Ethan Allen Interiors Stock Down 0.3 %

ETD opened at $29.36 on Tuesday. The business has a fifty day moving average of $32.19 and a 200 day moving average of $30.31. The stock has a market cap of $745.97 million, a P/E ratio of 10.67 and a beta of 1.25. Ethan Allen Interiors Inc. has a 52-week low of $24.76 and a 52-week high of $36.19.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.18). Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. The company had revenue of $146.42 million during the quarter, compared to analysts’ expectations of $168.15 million. During the same period in the prior year, the business earned $0.86 EPS. The company’s quarterly revenue was down 21.4% on a year-over-year basis. Equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 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. Stockholders of record on Tuesday, May 7th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend is Monday, May 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.36. Ethan Allen Interiors’s payout ratio is currently 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.