Deutsche Bank AG Increases Stock Holdings in Ethan Allen Interiors Inc. $ETD

Deutsche Bank AG increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 225.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 51,867 shares of the company’s stock after purchasing an additional 35,929 shares during the quarter. Deutsche Bank AG owned 0.20% of Ethan Allen Interiors worth $1,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 buying an additional 2,073 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ethan Allen Interiors by 5,743.0% in the 1st quarter. GAMMA Investing LLC now owns 22,437 shares of the company’s stock worth $622,000 after acquiring an additional 22,053 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Ethan Allen Interiors by 9.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,314 shares of the company’s stock worth $572,000 after purchasing an additional 1,761 shares during the period. Finally, Gotham Asset Management LLC grew its holdings 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 valued at $288,000 after purchasing an additional 561 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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 note on Thursday, July 31st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.00.

Ethan Allen Interiors Stock Up 4.0%

ETD opened at $29.9550 on Friday. The stock’s fifty day moving average is $29.12 and its two-hundred day moving average is $28.03. The company has a market capitalization of $761.76 million, a P/E ratio of 14.90 and a beta of 1.19. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $33.77.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $160.36 million during the quarter, compared to analysts’ expectations of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 EPS. Equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders 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 yield of 5.2%. The ex-dividend date is Wednesday, August 13th. Ethan Allen Interiors’s dividend payout ratio is presently 77.61%.

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.