First Dallas Securities Inc. Boosts Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

First Dallas Securities Inc. raised its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 54.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,228 shares of the company’s stock after acquiring an additional 39,702 shares during the quarter. Ethan Allen Interiors makes up 1.4% of First Dallas Securities Inc.’s holdings, making the stock its 17th biggest position. First Dallas Securities Inc. owned approximately 0.45% of Ethan Allen Interiors worth $3,157,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETD. Hantz Financial Services Inc. bought a new stake in shares of Ethan Allen Interiors in the second quarter valued at $26,000. Innealta Capital LLC purchased a new position in shares of Ethan Allen Interiors in the second quarter worth about $29,000. Meeder Asset Management Inc. raised its position in shares of Ethan Allen Interiors by 2,366.0% in the first quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock valued at $176,000 after purchasing an additional 4,874 shares during the period. Cim LLC purchased a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at approximately $216,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in Ethan Allen Interiors by 7.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,363 shares of the company’s stock valued at $358,000 after buying an additional 742 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a report on Wednesday, July 24th.

Ethan Allen Interiors Stock Up 0.4 %

NYSE:ETD traded up $0.13 during mid-day trading on Thursday, hitting $30.59. 26,783 shares of the stock traded hands, compared to its average volume of 207,823. The business’s 50-day moving average price is $29.81 and its 200 day moving average price is $30.37. The company has a market cap of $777.35 million, a PE ratio of 11.08 and a beta of 1.28. Ethan Allen Interiors Inc. has a 12-month low of $25.33 and a 12-month high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. Ethan Allen Interiors had a net margin of 9.88% and a return on equity of 13.45%. The firm had revenue of $168.63 million during the quarter, compared to analyst estimates of $159.65 million. During the same period in the previous year, the business earned $0.96 EPS. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. Analysts anticipate that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.10%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 56.73%.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $30.36, for a total value of $303,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,712,319 shares in the company, valued at $51,986,004.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.90% of the stock is owned by insiders.

Ethan Allen Interiors 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.