Swiss National Bank Sells 700 Shares of Ethan Allen Interiors Inc. $ETD

Swiss National Bank lowered its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 1.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 44,400 shares of the company’s stock after selling 700 shares during the period. Swiss National Bank owned approximately 0.17% of Ethan Allen Interiors worth $1,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Ethan Allen Interiors by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company’s stock valued at $46,553,000 after acquiring an additional 13,822 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Ethan Allen Interiors by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company’s stock valued at $24,993,000 after acquiring an additional 64,565 shares during the period. LSV Asset Management lifted its stake in Ethan Allen Interiors by 9.7% during the 1st quarter. LSV Asset Management now owns 585,200 shares of the company’s stock valued at $16,210,000 after acquiring an additional 51,700 shares during the period. Northern Trust Corp increased its position in shares of Ethan Allen Interiors by 6.3% during the 4th quarter. Northern Trust Corp now owns 401,986 shares of the company’s stock valued at $11,300,000 after purchasing an additional 23,982 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Ethan Allen Interiors by 6.6% during the 4th quarter. Jane Street Group LLC now owns 283,596 shares of the company’s stock valued at $7,972,000 after purchasing an additional 17,435 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors Trading Up 0.4%

Ethan Allen Interiors stock opened at $30.1630 on Tuesday. The firm has a 50 day moving average of $29.18 and a 200 day moving average of $28.00. The firm has a market capitalization of $767.05 million, a price-to-earnings ratio of 15.01 and a beta of 1.19. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $33.77.

Ethan Allen Interiors (NYSE:ETD) last released its 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 company had revenue of $160.36 million during 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 period in the prior year, the firm posted $0.70 EPS. On average, analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

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

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.