Sei Investments Co. Invests $938,000 in Ethan Allen Interiors Inc. $ETD

Sei Investments Co. acquired a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,156 shares of the company’s stock, valued at approximately $938,000. Sei Investments Co. owned about 0.17% of Ethan Allen Interiors as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after acquiring an additional 2,398 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ethan Allen Interiors by 132.1% in the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock worth $87,000 after acquiring an additional 2,219 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at approximately $88,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ethan Allen Interiors by 38.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock valued at $130,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Ethan Allen Interiors by 31.2% during the 2nd quarter. Osaic Holdings Inc. now owns 6,682 shares of the company’s stock valued at $186,000 after purchasing an additional 1,589 shares during the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ethan Allen Interiors Trading Down 4.7%

Shares of ETD stock opened at $22.56 on Thursday. The business’s 50-day moving average price is $22.28 and its 200-day moving average price is $22.16. Ethan Allen Interiors Inc. has a 12 month low of $18.28 and a 12 month high of $31.41. The firm has a market capitalization of $574.15 million, a price-to-earnings ratio of 14.46 and a beta of 1.02.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $146.75 million for the quarter, compared to analysts’ expectations of $148.70 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. On average, sell-side analysts predict 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, August 12th. Ethan Allen Interiors’s payout ratio is presently 100.00%.

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.