Fifth Third Bancorp Buys 38,258 Shares of Ethan Allen Interiors Inc. $ETD

Fifth Third Bancorp lifted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 2,144.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,042 shares of the company’s stock after purchasing an additional 38,258 shares during the period. Fifth Third Bancorp owned 0.16% of Ethan Allen Interiors worth $891,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dakota Wealth Management lifted its stake in Ethan Allen Interiors by 2.5% in the fourth quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock valued at $400,000 after purchasing an additional 430 shares during the last quarter. Unison Advisors LLC increased its position in Ethan Allen Interiors by 1.6% in the first quarter. Unison Advisors LLC now owns 32,603 shares of the company’s stock worth $726,000 after buying an additional 517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ethan Allen Interiors by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after buying an additional 538 shares during the period. Vident Advisory LLC raised its stake in shares of Ethan Allen Interiors by 4.1% in the second quarter. Vident Advisory LLC now owns 17,755 shares of the company’s stock valued at $494,000 after buying an additional 692 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Ethan Allen Interiors by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 17,426 shares of the company’s stock valued at $513,000 after buying an additional 770 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Telsey Advisory Group dropped their price objective on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, April 30th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $24.00.

Ethan Allen Interiors Stock Up 0.1%

Shares of ETD stock opened at $22.85 on Monday. The business’s fifty day moving average is $21.41 and its 200 day moving average is $22.24. The stock has a market cap of $581.51 million, a price-to-earnings ratio of 14.46 and a beta of 1.01. Ethan Allen Interiors Inc. has a twelve month low of $18.28 and a twelve month high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The business had revenue of $135.84 million during the quarter, compared to analyst estimates of $134.85 million. During the same quarter last year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts expect that Ethan Allen Interiors Inc. will post 1.45 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Wednesday, May 13th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 98.73%.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.