Posted by admin on Aug 19th, 2022

Texas Permanent School Fund purchased a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,605 shares of the company’s stock, valued at approximately $407,000. Texas Permanent School Fund owned about 0.06% of Ethan Allen Interiors at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hillsdale Investment Management Inc. purchased a new stake in shares of Ethan Allen Interiors during the first quarter worth approximately $33,000. Dorsey Wright & Associates purchased a new position in Ethan Allen Interiors in the first quarter worth $42,000. Fifth Third Bancorp purchased a new position in Ethan Allen Interiors in the first quarter worth $43,000. Mutual of America Capital Management LLC purchased a new position in Ethan Allen Interiors in the first quarter worth $83,000. Finally, KBC Group NV purchased a new position in Ethan Allen Interiors in the first quarter worth $94,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Ethan Allen Interiors stock opened at $26.30 on Friday. The firm has a market capitalization of $665.97 million, a price-to-earnings ratio of 6.51 and a beta of 1.15. Ethan Allen Interiors Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $28.04. The stock’s fifty day moving average is $22.43 and its two-hundred day moving average is $24.16.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last posted its earnings results on Wednesday, August 3rd. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.45. Ethan Allen Interiors had a return on equity of 26.70% and a net margin of 12.63%. During the same period last year, the business earned $0.74 EPS. As a group, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 30th. Shareholders of record on Tuesday, August 16th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.87%. The ex-dividend date is Monday, August 15th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 31.68%.

ETD has been the subject of several research analyst reports. StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research report on Tuesday, May 17th. Telsey Advisory Group cut their price objective on Ethan Allen Interiors from $26.00 to $25.00 and set a “market perform” rating for the company in a research report on Monday, August 1st.

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 items comprising 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.

Want to see what other hedge funds are holding ETD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating).

Receive News & Ratings for Ethan Allen Interiors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ethan Allen Interiors and related companies with MarketBeat.com's FREE daily email newsletter.

Texas Permanent School Fund Reduces Stock Position in Fresh Del Monte Produce Inc. (NYSE:FDP)

Texas Permanent School Fund Lowers Position in Perdoceo Education Co. (NASDAQ:PRDO)