Ethan Allen Interiors Inc. (NYSE:ETD) Position Raised by US Bancorp DE

US Bancorp DE increased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 461.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,186 shares of the company’s stock after purchasing an additional 5,085 shares during the period. US Bancorp DE’s holdings in Ethan Allen Interiors were worth $171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Ethan Allen Interiors by 12.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,443 shares of the company’s stock worth $508,000 after purchasing an additional 2,073 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ethan Allen Interiors by 5,743.0% during the first quarter. GAMMA Investing LLC now owns 22,437 shares of the company’s stock worth $622,000 after purchasing an additional 22,053 shares in the last quarter. JPMorgan Chase & Co. grew its position in Ethan Allen Interiors by 177.1% in the fourth quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company’s stock worth $4,147,000 after buying an additional 94,287 shares during the last quarter. Deutsche Bank AG grew its position in Ethan Allen Interiors by 28.0% in the fourth quarter. Deutsche Bank AG now owns 15,938 shares of the company’s stock worth $448,000 after buying an additional 3,491 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ethan Allen Interiors by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company’s stock worth $366,000 after buying an additional 448 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $26.85, for a total transaction of $268,500.00. Following the transaction, the chief executive officer directly owned 1,611,905 shares in the company, valued at approximately $43,279,649.25. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 11,366 shares of company stock worth $305,390. Insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $29.86 on Friday. The firm has a market cap of $759.34 million, a price-to-earnings ratio of 14.86 and a beta of 1.19. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $33.77. The firm’s 50 day moving average price is $28.84 and its two-hundred day moving average price is $28.06.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $160.36 million for the quarter, compared to analyst estimates of $152.20 million. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, equities analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.2%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors’s payout ratio is presently 77.61%.

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 research report on Thursday, July 31st.

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.