Wedge Capital Management L L P NC Raises Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Wedge Capital Management L L P NC increased its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 27.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,535 shares of the company’s stock after acquiring an additional 3,790 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.07% of Ethan Allen Interiors worth $560,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System purchased a new stake in Ethan Allen Interiors in the 4th quarter worth $364,000. Mainstay Capital Management LLC ADV increased its holdings in Ethan Allen Interiors by 26.4% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 55,618 shares of the company’s stock worth $1,775,000 after acquiring an additional 11,609 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ethan Allen Interiors by 10.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,620 shares of the company’s stock worth $435,000 after acquiring an additional 1,288 shares in the last quarter. Arizona State Retirement System purchased a new stake in Ethan Allen Interiors in the 4th quarter worth $204,000. Finally, Unison Advisors LLC increased its holdings in Ethan Allen Interiors by 2.9% in the 4th quarter. Unison Advisors LLC now owns 28,591 shares of the company’s stock worth $913,000 after acquiring an additional 796 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Down 0.8 %

Ethan Allen Interiors stock opened at $28.82 on Friday. Ethan Allen Interiors Inc. has a 52-week low of $24.76 and a 52-week high of $36.19. The firm has a market capitalization of $732.03 million, a price-to-earnings ratio of 10.48 and a beta of 1.22. The company has a fifty day simple moving average of $32.49 and a 200-day simple moving average of $30.31.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share (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 business had revenue of $146.42 million for the quarter, compared to analysts’ expectations of $168.15 million. During the same period in the previous year, the company earned $0.86 EPS. Ethan Allen Interiors’s quarterly revenue was down 21.4% compared to the same quarter last year. On average, research analysts anticipate that Ethan Allen Interiors Inc. will post 2.7 EPS for the current fiscal 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 dividend of $0.39 per share. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.56 annualized dividend and a dividend yield of 5.41%. Ethan Allen Interiors’s payout ratio is presently 56.73%.

Analyst Ratings Changes

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

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.