Los Angeles Capital Management LLC Has $1.20 Million Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Los Angeles Capital Management LLC trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 21.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 37,435 shares of the company’s stock after selling 9,970 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Ethan Allen Interiors were worth $1,195,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Ethan Allen Interiors by 171.8% in the third quarter. PNC Financial Services Group Inc. now owns 4,563 shares of the company’s stock valued at $136,000 after buying an additional 2,884 shares during the period. Arizona State Retirement System bought a new stake in Ethan Allen Interiors in the 4th quarter valued at $204,000. Kovitz Investment Group Partners LLC acquired a new position in Ethan Allen Interiors in the 3rd quarter worth $203,000. Evergreen Capital Management LLC acquired a new position in Ethan Allen Interiors in the 3rd quarter worth $213,000. Finally, Vest Financial LLC acquired a new stake in shares of Ethan Allen Interiors in the 4th quarter valued at about $242,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Up 1.4 %

Shares of ETD opened at $29.64 on Thursday. Ethan Allen Interiors Inc. has a twelve month low of $24.76 and a twelve month high of $36.19. The stock has a market capitalization of $753.15 million, a P/E ratio of 10.78 and a beta of 1.25. The company has a 50 day moving average of $32.07 and a 200-day moving average of $30.30.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.93%. The business had revenue of $146.42 million during the quarter, compared to the consensus estimate of $168.15 million. During the same period last year, the business posted $0.86 EPS. The firm’s revenue for the quarter was down 21.4% on a year-over-year basis. On average, sell-side analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.26%. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.36. Ethan Allen Interiors’s payout ratio is currently 52.36%.

Wall Street Analyst Weigh In

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

About Ethan Allen Interiors

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.