Ethan Allen Interiors Inc. (NYSE:ETD) Position Increased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 24.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,782 shares of the company’s stock after buying an additional 2,919 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Ethan Allen Interiors were worth $472,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in Ethan Allen Interiors by 171.8% during 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 in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Ethan Allen Interiors in the third quarter worth approximately $203,000. Arizona State Retirement System purchased a new stake in shares of Ethan Allen Interiors in the fourth quarter worth approximately $204,000. Evergreen Capital Management LLC purchased a new stake in shares of Ethan Allen Interiors in the third quarter worth approximately $213,000. Finally, Vest Financial LLC purchased a new stake in shares of Ethan Allen Interiors in the fourth quarter worth approximately $242,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $29.06 on Friday. The stock’s 50 day moving average price is $32.55 and its 200 day moving average price is $30.32. Ethan Allen Interiors Inc. has a 52 week low of $24.76 and a 52 week high of $36.19. The company has a market capitalization of $738.12 million, a P/E ratio of 10.57 and a beta of 1.22.

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

Ethan Allen Interiors Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Monday, May 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.36. Ethan Allen Interiors’s dividend payout ratio (DPR) is 52.36%.

Analyst Upgrades and Downgrades

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

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.