Ethan Allen Interiors Inc. $ETD Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 260.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 191,688 shares of the company’s stock after buying an additional 138,452 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ethan Allen Interiors were worth $5,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ETD. Tower Research Capital LLC TRC raised its stake in Ethan Allen Interiors by 365.5% in the 2nd 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 during the last quarter. CWM LLC grew its stake in Ethan Allen Interiors by 391.4% during the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $125,000 after purchasing an additional 3,374 shares during the last quarter. AlphaQuest LLC grew its stake in Ethan Allen Interiors by 106.0% during the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock valued at $135,000 after purchasing an additional 2,359 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Ethan Allen Interiors by 4,532.6% in the third quarter. Versant Capital Management Inc now owns 5,976 shares of the company’s stock valued at $176,000 after purchasing an additional 5,847 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Ethan Allen Interiors by 31.2% in the second quarter. Osaic Holdings Inc. now owns 6,682 shares of the company’s stock worth $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.

Ethan Allen Interiors Stock Performance

Shares of ETD opened at $22.34 on Thursday. The business’s 50-day moving average is $23.04 and its two-hundred day moving average is $24.51. The company has a market capitalization of $568.58 million, a P/E ratio of 12.99 and a beta of 1.16. Ethan Allen Interiors Inc. has a fifty-two week low of $21.45 and a fifty-two week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The business had revenue of $149.92 million during the quarter, compared to analysts’ expectations of $152.25 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 7.0%. Ethan Allen Interiors’s payout ratio is presently 90.70%.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the sale, the chief executive officer owned 1,483,228 shares in the company, valued at approximately $37,095,532.28. This represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 9.92% of the company’s stock.

Wall Street Analysts Forecast Growth

ETD has been the subject of a number of research reports. Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Telsey Advisory Group cut their price target on shares of Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating on the stock in a report on Thursday, January 29th. Zacks Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 17th. Finally, Wall Street Zen upgraded shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $27.00.

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.