Empowered Funds LLC Acquires Shares of 87,973 Ethan Allen Interiors Inc. $ETD

Empowered Funds LLC acquired a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,973 shares of the company’s stock, valued at approximately $1,958,000.

Other institutional investors also recently modified their holdings of the company. Tudor Investment Corp ET AL increased its holdings in Ethan Allen Interiors by 117.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 90,018 shares of the company’s stock valued at $2,652,000 after purchasing an additional 48,557 shares during the period. Teacher Retirement System of Texas lifted its holdings in Ethan Allen Interiors by 34.9% in the 4th quarter. Teacher Retirement System of Texas now owns 311,066 shares of the company’s stock worth $7,105,000 after buying an additional 80,529 shares during the period. Fifth Third Bancorp grew its position in shares of Ethan Allen Interiors by 2,144.5% in the 1st quarter. Fifth Third Bancorp now owns 40,042 shares of the company’s stock worth $891,000 after buying an additional 38,258 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Ethan Allen Interiors by 52.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 87,384 shares of the company’s stock worth $1,945,000 after buying an additional 29,958 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of Ethan Allen Interiors by 24.2% during the first quarter. Hodges Capital Management Inc. now owns 211,909 shares of the company’s stock valued at $4,717,000 after buying an additional 41,226 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Down 2.3%

Shares of NYSE ETD opened at $23.58 on Friday. The firm has a market cap of $600.16 million, a P/E ratio of 15.12 and a beta of 1.02. Ethan Allen Interiors Inc. has a twelve month low of $18.28 and a twelve month high of $31.41. The company has a 50 day moving average of $22.06 and a 200 day moving average of $22.20.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.The business had revenue of $146.75 million during the quarter, compared to analyst estimates of $148.70 million. During the same quarter last year, the company earned $0.49 EPS. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that Ethan Allen Interiors Inc. will post 1.35 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. Ethan Allen Interiors’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ETD. Weiss Ratings restated a “sell (d+)” rating on shares of Ethan Allen Interiors in a report on Friday, July 31st. Zacks Research cut shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Finally, Telsey Advisory Group reduced 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 research report on Thursday, July 30th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ethan Allen Interiors has an average rating of “Sell” and an average price target of $22.00.

Ethan Allen Interiors 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.