Russell Investments Group Ltd. Sells 3,776 Shares of Ethan Allen Interiors Inc. $ETD

Russell Investments Group Ltd. lessened its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,823 shares of the company’s stock after selling 3,776 shares during the period. Russell Investments Group Ltd. owned about 0.15% of Ethan Allen Interiors worth $1,075,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in shares of Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company’s stock valued at $25,000 after purchasing an additional 900 shares in the last quarter. State of Wyoming acquired a new position in Ethan Allen Interiors in the fourth quarter valued at approximately $52,000. Quarry LP lifted its stake in Ethan Allen Interiors by 73.3% in the fourth quarter. Quarry LP now owns 2,604 shares of the company’s stock valued at $73,000 after buying an additional 1,101 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Ethan Allen Interiors in the first quarter valued at approximately $138,000. Finally, US Bancorp DE lifted its stake in Ethan Allen Interiors by 461.9% in the first quarter. US Bancorp DE now owns 6,186 shares of the company’s stock valued at $171,000 after buying an additional 5,085 shares during the period. 83.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ethan Allen Interiors Stock Performance

ETD stock opened at $29.56 on Friday. The company has a market capitalization of $751.79 million, a price-to-earnings ratio of 14.71 and a beta of 1.19. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $33.77. The stock has a fifty day moving average of $29.35 and a 200-day moving average of $28.03.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly 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 company had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The firm’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 EPS. Equities analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. Ethan Allen Interiors’s dividend payout ratio is 77.61%.

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.