Landscape Capital Management L.L.C. Invests $2.76 Million in Ethan Allen Interiors Inc. $ETD

Landscape Capital Management L.L.C. acquired a new position in Ethan Allen Interiors Inc. (NYSE:ETD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 123,623 shares of the company’s stock, valued at approximately $2,762,000.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Ethan Allen Interiors by 1.5% in the first quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock worth $3,171,000 after purchasing an additional 1,655 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $375,000 after purchasing an additional 538 shares during the period. Jane Street Group LLC boosted its holdings in shares of Ethan Allen Interiors by 31.2% in the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after buying an additional 88,383 shares during the last quarter. First Trust Advisors LP grew its position in Ethan Allen Interiors by 3.9% during the second quarter. First Trust Advisors LP now owns 81,299 shares of the company’s stock valued at $2,264,000 after buying an additional 3,086 shares during the period. Finally, Walleye Capital LLC bought a new stake in Ethan Allen Interiors during the second quarter valued at approximately $682,000. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Up 2.2%

NYSE ETD opened at $23.43 on Friday. Ethan Allen Interiors Inc. has a 52 week low of $18.28 and a 52 week high of $31.41. The company has a market capitalization of $596.29 million, a P/E ratio of 15.02 and a beta of 1.02. The stock’s 50-day moving average price is $22.50 and its 200-day moving average price is $22.12.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.The firm’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Research analysts anticipate that Ethan Allen Interiors Inc. will post 1.35 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently declared 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%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Telsey Advisory Group decreased their price target 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Ethan Allen Interiors in a research report on Friday, July 31st. Finally, Zacks Research lowered Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ethan Allen Interiors has a consensus rating of “Sell” and a consensus target price 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.