Ethan Allen Interiors Inc. (NYSE:ETD) Stock Holdings Decreased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,728 shares of the company’s stock after selling 872 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Ethan Allen Interiors were worth $406,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Wedge Capital Management L L P NC boosted its holdings in shares of Ethan Allen Interiors by 27.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 17,535 shares of the company’s stock worth $560,000 after purchasing an additional 3,790 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Ethan Allen Interiors during the fourth quarter worth approximately $364,000. Mainstay Capital Management LLC ADV boosted its holdings in shares of Ethan Allen Interiors by 26.4% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 55,618 shares of the company’s stock worth $1,775,000 after purchasing an additional 11,609 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Ethan Allen Interiors by 10.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,620 shares of the company’s stock worth $435,000 after purchasing an additional 1,288 shares during the period. Finally, Arizona State Retirement System acquired a new stake in shares of Ethan Allen Interiors during the fourth quarter worth approximately $204,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday, April 25th.

Ethan Allen Interiors Stock Up 1.9 %

NYSE ETD opened at $28.79 on Thursday. The stock has a market capitalization of $731.61 million, a PE ratio of 10.47 and a beta of 1.22. The company has a 50 day moving average price of $32.33 and a two-hundred day moving average price of $30.30. Ethan Allen Interiors Inc. has a 12-month low of $24.76 and a 12-month high of $36.19.

Ethan Allen Interiors (NYSE:ETD) last posted 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 net margin of 10.63% and a return on equity of 14.93%. The business had revenue of $146.42 million during the quarter, compared to analyst estimates of $168.15 million. During the same quarter last year, the firm earned $0.86 earnings per share. Ethan Allen Interiors’s revenue was down 21.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current 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 $0.39 dividend. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, May 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.42%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 56.73%.

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.