Public Employees Retirement System of Ohio Acquires Shares of 33,466 Ethan Allen Interiors Inc. $ETD

Public Employees Retirement System of Ohio acquired a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,466 shares of the company’s stock, valued at approximately $748,000.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of Ethan Allen Interiors in the second quarter valued at about $30,000. Tower Research Capital LLC TRC boosted its holdings 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 last quarter. PNC Financial Services Group Inc. boosted its holdings in Ethan Allen Interiors by 132.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock worth $87,000 after purchasing an additional 2,219 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Ethan Allen Interiors in the 1st quarter worth about $88,000. Finally, Dunhill Financial LLC bought a new stake in Ethan Allen Interiors in the 2nd quarter worth about $92,000. Institutional investors own 83.80% of the company’s stock.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Kathwari sold 1,063 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $25.04, for a total transaction of $26,617.52. Following the sale, the chief executive officer directly owned 22,077 shares of the company’s stock, valued at $552,808.08. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.92% of the company’s stock.

Ethan Allen Interiors Trading Down 0.1%

NYSE:ETD opened at $21.68 on Thursday. Ethan Allen Interiors Inc. has a 12 month low of $18.28 and a 12 month high of $30.11. The firm’s 50 day moving average is $22.85 and its 200 day moving average is $22.05. The stock has a market capitalization of $546.29 million, a PE ratio of 13.90 and a beta of 1.03.

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

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, September 17th. Investors 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 payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Several research firms have commented on ETD. Zacks Research cut shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Finally, Telsey Advisory Group decreased their price target on Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus 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.