Ethan Allen Interiors Inc. (NYSE:ETD) Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 27.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,535 shares of the company’s stock after purchasing an additional 3,790 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ethan Allen Interiors were worth $560,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Exchange Traded Concepts LLC lifted its holdings in shares of Ethan Allen Interiors by 1.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 33,574 shares of the company’s stock worth $1,072,000 after purchasing an additional 378 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ethan Allen Interiors by 6.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,332 shares of the company’s stock valued at $369,000 after acquiring an additional 711 shares during the period. Unison Advisors LLC lifted its holdings in Ethan Allen Interiors by 2.9% in the fourth quarter. Unison Advisors LLC now owns 28,591 shares of the company’s stock valued at $913,000 after acquiring an additional 796 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in Ethan Allen Interiors by 7.4% in the third quarter. Hunter Associates Investment Management LLC now owns 11,600 shares of the company’s stock valued at $348,000 after acquiring an additional 800 shares during the period. Finally, Swiss National Bank lifted its holdings in Ethan Allen Interiors by 1.8% in the third quarter. Swiss National Bank now owns 50,200 shares of the company’s stock valued at $1,501,000 after acquiring an additional 900 shares during the period. 83.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $28.82 on Friday. Ethan Allen Interiors Inc. has a one year low of $24.76 and a one year high of $36.19. The business has a fifty day moving average of $32.49 and a two-hundred day moving average of $30.31. The company has a market cap of $732.03 million, a P/E ratio of 10.48 and a beta of 1.22.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.99%. The firm had revenue of $146.42 million during the quarter, compared to analysts’ expectations of $168.15 million. During the same quarter in the prior year, the business earned $0.86 EPS. The company’s quarterly revenue was down 21.4% compared to the same quarter last year. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.7 EPS for the current year.

Ethan Allen Interiors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Tuesday, May 7th will be given a $0.39 dividend. The ex-dividend date is Monday, May 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.41%. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.36. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 56.73%.

About Ethan Allen Interiors

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.