Public Employees Retirement System of Ohio Buys New Position in Ethan Allen Interiors Inc. $ETD

Public Employees Retirement System of Ohio bought a new position in Ethan Allen Interiors Inc. (NYSE:ETD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 33,466 shares of the company’s stock, valued at approximately $748,000. Public Employees Retirement System of Ohio owned approximately 0.13% of Ethan Allen Interiors as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Unison Advisors LLC boosted its holdings in shares of Ethan Allen Interiors by 1.6% during the 1st quarter. Unison Advisors LLC now owns 32,603 shares of the company’s stock worth $726,000 after buying an additional 517 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ethan Allen Interiors by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after acquiring an additional 538 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Ethan Allen Interiors by 4.1% during the 2nd quarter. Vident Advisory LLC now owns 17,755 shares of the company’s stock valued at $494,000 after acquiring an additional 692 shares during the period. GAMMA Investing LLC boosted its stake in Ethan Allen Interiors by 6.0% during the second quarter. GAMMA Investing LLC now owns 12,726 shares of the company’s stock worth $284,000 after acquiring an additional 715 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Ethan Allen Interiors by 4.6% in the third quarter. Franklin Resources Inc. now owns 17,426 shares of the company’s stock worth $513,000 after purchasing an additional 770 shares during the period. 83.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ETD. Telsey Advisory Group dropped their price objective on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. Weiss Ratings upgraded Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, Zacks Research lowered Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $22.00.

Ethan Allen Interiors Trading Down 0.1%

Ethan Allen Interiors stock opened at $21.68 on Thursday. The firm has a market capitalization of $546.29 million, a price-to-earnings ratio of 13.90 and a beta of 1.03. The firm’s fifty day moving average price is $22.85 and its two-hundred day moving average price is $22.05. Ethan Allen Interiors Inc. has a 1-year low of $18.28 and a 1-year high of $30.11.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The company had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 1.3 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, September 17th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, September 3rd. Ethan Allen Interiors’s payout ratio is currently 100.00%.

Insider Buying and Selling

In other news, CEO M Kathwari sold 1,063 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $25.04, for a total value of $26,617.52. Following the completion of the sale, the chief executive officer directly owned 22,077 shares of the company’s stock, valued at $552,808.08. This represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.92% of the company’s stock.

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.