Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 52.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,682 shares of the company’s stock after selling 19,753 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.07% of Ethan Allen Interiors worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AJOVista LLC acquired a new position in Ethan Allen Interiors in the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. lifted its position in Ethan Allen Interiors by 171.8% in the third quarter. PNC Financial Services Group Inc. now owns 4,563 shares of the company’s stock valued at $136,000 after buying an additional 2,884 shares during the last quarter. Arizona State Retirement System acquired a new position in Ethan Allen Interiors in the fourth quarter valued at about $204,000. Evergreen Capital Management LLC acquired a new position in Ethan Allen Interiors in the third quarter valued at about $213,000. Finally, Vest Financial LLC acquired a new position in Ethan Allen Interiors in the fourth quarter valued at about $242,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Performance

Shares of ETD opened at $26.87 on Wednesday. The stock has a market capitalization of $682.77 million, a PE ratio of 9.77 and a beta of 1.26. Ethan Allen Interiors Inc. has a 1 year low of $25.33 and a 1 year high of $36.19. The company’s 50-day simple moving average is $29.05 and its 200-day simple moving average is $30.64.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.18). The business had revenue of $146.42 million for the quarter, compared to analyst estimates of $168.15 million. Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. On average, sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.81%. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, May 6th. Ethan Allen Interiors’s dividend payout ratio is presently 56.73%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, April 25th.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.