Northern Trust Corp Sells 10,561 Shares of Ethan Allen Interiors Inc. $ETD

Northern Trust Corp cut its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 391,425 shares of the company’s stock after selling 10,561 shares during the period. Northern Trust Corp owned approximately 1.54% of Ethan Allen Interiors worth $10,842,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Ethan Allen Interiors by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company’s stock worth $46,553,000 after acquiring an additional 13,822 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $24,993,000 after buying an additional 64,565 shares during the period. American Century Companies Inc. grew its position in shares of Ethan Allen Interiors by 9.2% during the 1st quarter. American Century Companies Inc. now owns 792,940 shares of the company’s stock worth $21,964,000 after buying an additional 66,727 shares during the period. LSV Asset Management grew its position in shares of Ethan Allen Interiors by 9.7% during the 1st quarter. LSV Asset Management now owns 585,200 shares of the company’s stock worth $16,210,000 after buying an additional 51,700 shares during the period. Finally, Jane Street Group LLC grew its holdings in Ethan Allen Interiors by 6.6% during the fourth 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 period. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Stock Performance

NYSE ETD opened at $30.21 on Friday. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $33.77. The stock has a market cap of $768.34 million, a PE ratio of 15.03 and a beta of 1.13. The firm has a 50-day moving average of $29.53 and a 200-day moving average of $28.03.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $152.20 million. During the same period last year, the firm earned $0.70 earnings per share. Ethan Allen Interiors’s revenue for the quarter was down 4.9% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were 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 was Wednesday, August 13th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 77.61%.

Analysts Set New Price Targets

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

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.