Sanctuary Advisors LLC Makes New Investment in Ethan Allen Interiors Inc. $ETD

Sanctuary Advisors LLC acquired a new position in Ethan Allen Interiors Inc. (NYSE:ETD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,386 shares of the company’s stock, valued at approximately $478,000.

Other hedge funds also recently modified their holdings of the company. Landscape Capital Management L.L.C. purchased a new position in shares of Ethan Allen Interiors during the 2nd quarter valued at $2,762,000. Empowered Funds LLC purchased a new stake in shares of Ethan Allen Interiors in the first quarter worth $1,958,000. Sei Investments Co. bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at about $938,000. Fifth Third Bancorp grew its stake in Ethan Allen Interiors by 2,144.5% in the 1st quarter. Fifth Third Bancorp now owns 40,042 shares of the company’s stock worth $891,000 after buying an additional 38,258 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Ethan Allen Interiors by 52.2% in the first quarter. Janney Montgomery Scott LLC now owns 87,384 shares of the company’s stock worth $1,945,000 after acquiring an additional 29,958 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $23.45 on Friday. The firm’s 50 day moving average price is $22.73 and its 200-day moving average price is $22.11. Ethan Allen Interiors Inc. has a 52-week low of $18.28 and a 52-week high of $30.80. The company has a market cap of $596.80 million, a PE ratio of 15.03 and a beta of 1.02.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.The firm had revenue of $146.75 million during the quarter, compared to analysts’ expectations of $148.70 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s revenue was down 8.5% on a year-over-year basis. On average, analysts forecast that Ethan Allen Interiors Inc. will post 1.3 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a special dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be paid a $3.00 dividend. The ex-dividend date is Thursday, September 3rd. Ethan Allen Interiors’s dividend payout ratio (DPR) is 100.00%.

Analyst Ratings Changes

ETD has been the subject of a number of recent research reports. Zacks Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Ethan Allen Interiors in a research note on Friday, July 31st. Finally, Telsey Advisory Group decreased their price target on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, July 30th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average target price of $22.00.

Ethan Allen Interiors 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.