Empowered Funds LLC Buys Shares of 94,027 Ethan Allen Interiors Inc. $ETD

Empowered Funds LLC bought a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 94,027 shares of the company’s stock, valued at approximately $2,101,000.

A number of other hedge funds also recently modified their holdings of ETD. AQR Capital Management LLC grew its holdings in shares of Ethan Allen Interiors by 1.5% during the first quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock valued at $3,171,000 after buying an additional 1,655 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ethan Allen Interiors by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after acquiring an additional 538 shares in the last quarter. Jane Street Group LLC lifted its stake in Ethan Allen Interiors by 31.2% in the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after acquiring an additional 88,383 shares in the last quarter. First Trust Advisors LP boosted its position in Ethan Allen Interiors by 3.9% during the 2nd quarter. First Trust Advisors LP now owns 81,299 shares of the company’s stock worth $2,264,000 after acquiring an additional 3,086 shares during the period. Finally, Walleye Capital LLC acquired a new stake in Ethan Allen Interiors during the 2nd quarter worth about $682,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Trading Down 11.8%

NYSE ETD opened at $21.80 on Friday. Ethan Allen Interiors Inc. has a 1-year low of $18.28 and a 1-year high of $30.80. The firm’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $22.09. The company has a market capitalization of $554.81 million, a PE ratio of 13.97 and a beta of 1.03.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, analysts predict that Ethan Allen Interiors Inc. will post 1.3 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

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 issued a dividend of $3.00 per share. The ex-dividend date is Thursday, September 3rd. Ethan Allen Interiors’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ETD. Zacks Research cut Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 30th. Telsey Advisory Group reduced 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 report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $22.00.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Kathwari sold 1,063 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $25.04, for a total value of $26,617.52. Following the completion of the sale, the chief executive officer owned 22,077 shares of the company’s stock, valued at approximately $552,808.08. The trade was a 4.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.92% of the company’s stock.

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.