Ethan Allen Interiors Inc. $ETD Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 94.2% in the first quarter, Holdings Channel reports. The fund owned 1,981 shares of the company’s stock after selling 32,203 shares during the period. New York State Teachers Retirement System’s holdings in Ethan Allen Interiors were worth $44,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ETD. Tower Research Capital LLC TRC raised its stake in Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after purchasing an additional 2,398 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Ethan Allen Interiors by 76.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock worth $120,000 after buying an additional 2,267 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ethan Allen Interiors by 38.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock valued at $130,000 after acquiring an additional 1,565 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Ethan Allen Interiors by 31.2% in the second quarter. Osaic Holdings Inc. now owns 6,682 shares of the company’s stock valued at $186,000 after purchasing an additional 1,589 shares during the period. Finally, Brown Advisory Inc. acquired a new position in shares of Ethan Allen Interiors in the second quarter worth $204,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Analysts Set New Price Targets

ETD has been the subject of a number of analyst reports. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Telsey Advisory Group cut their target price on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a research report on Thursday, April 30th. Finally, Weiss Ratings cut shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $24.00.

Ethan Allen Interiors Trading Up 3.0%

Shares of Ethan Allen Interiors stock opened at $22.89 on Thursday. Ethan Allen Interiors Inc. has a 12-month low of $18.28 and a 12-month high of $31.41. The stock has a market cap of $582.54 million, a PE ratio of 14.49 and a beta of 1.01. The company has a 50-day moving average of $20.93 and a two-hundred day moving average of $22.24.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $135.84 million for the quarter, compared to the consensus estimate of $134.85 million. Ethan Allen Interiors had a net margin of 6.81% and a return on equity of 8.54%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 1.45 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Wednesday, May 13th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 98.73%.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.