Posted by admin on Aug 12th, 2022
KBC Group NV purchased a new position in Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,620 shares of the company’s stock, valued at approximately $94,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ETD. Victory Capital Management Inc. purchased a new position in shares of Ethan Allen Interiors in the first quarter worth $11,583,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Ethan Allen Interiors in the first quarter worth $7,425,000. Royce & Associates LP purchased a new position in shares of Ethan Allen Interiors during the first quarter worth $5,933,000. Truist Financial Corp purchased a new position in shares of Ethan Allen Interiors during the first quarter worth $5,021,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Ethan Allen Interiors during the first quarter worth $4,156,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.
Several research analysts recently issued reports on ETD shares. StockNews.com raised shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a report on Tuesday, May 17th. Telsey Advisory Group reduced their target price on shares of Ethan Allen Interiors from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Monday, August 1st.
ETD stock opened at $26.50 on Friday. The firm has a market cap of $671.03 million, a PE ratio of 6.56 and a beta of 1.15. The firm’s fifty day moving average is $22.17 and its 200 day moving average is $24.10. Ethan Allen Interiors Inc. has a one year low of $19.60 and a one year high of $28.04.
Ethan Allen Interiors (NYSE:ETD – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.80 by $0.45. Ethan Allen Interiors had a net margin of 12.63% and a return on equity of 26.70%. During the same quarter last year, the firm earned $0.74 EPS. Research analysts predict that Ethan Allen Interiors Inc. will post 2.95 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 30th. Investors of record on Tuesday, August 16th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $1.28 annualized dividend and a yield of 4.83%. Ethan Allen Interiors’s dividend payout ratio is presently 31.68%.
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 items comprising 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.
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