Ethan Allen Interiors Inc. $ETD Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 7.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 902,260 shares of the company’s stock after buying an additional 64,565 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.55% of Ethan Allen Interiors worth $24,993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Unison Advisors LLC grew its position in Ethan Allen Interiors by 1.4% during the 1st quarter. Unison Advisors LLC now owns 30,872 shares of the company’s stock worth $855,000 after purchasing an additional 414 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ethan Allen Interiors by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company’s stock worth $366,000 after purchasing an additional 448 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Ethan Allen Interiors by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company’s stock worth $801,000 after purchasing an additional 463 shares in the last quarter. Gotham Asset Management LLC grew its position in Ethan Allen Interiors by 5.8% during the 4th quarter. Gotham Asset Management LLC now owns 10,237 shares of the company’s stock worth $288,000 after purchasing an additional 561 shares in the last quarter. Finally, Comerica Bank grew its position in Ethan Allen Interiors by 4.3% during the 4th quarter. Comerica Bank now owns 20,927 shares of the company’s stock worth $588,000 after purchasing an additional 858 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Down 3.2%

Ethan Allen Interiors stock opened at $29.1110 on Thursday. The company’s fifty day simple moving average is $29.00 and its 200-day simple moving average is $28.04. Ethan Allen Interiors Inc. has a 12 month low of $24.55 and a 12 month high of $33.77. The stock has a market cap of $740.29 million, a P/E ratio of 14.48 and a beta of 1.19.

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

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors’s payout ratio is currently 77.61%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ethan Allen Interiors presently has a consensus rating of “Hold” and an average price target of $30.00.

Ethan Allen Interiors 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.