Hodges Capital Management Inc. Increases Holdings in Ethan Allen Interiors Inc. $ETD

Hodges Capital Management Inc. increased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 24.2% in the first quarter, HoldingsChannel reports. The firm owned 211,909 shares of the company’s stock after acquiring an additional 41,226 shares during the quarter. Hodges Capital Management Inc.’s holdings in Ethan Allen Interiors were worth $4,717,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First Dallas Securities Inc. raised its position in Ethan Allen Interiors by 35.1% during the 1st quarter. First Dallas Securities Inc. now owns 59,525 shares of the company’s stock worth $1,325,000 after buying an additional 15,459 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in shares of Ethan Allen Interiors by 68.7% in the 1st quarter. Essex Financial Services Inc. now owns 23,894 shares of the company’s stock valued at $532,000 after acquiring an additional 9,730 shares during the last quarter. MQS Management LLC boosted its holdings in shares of Ethan Allen Interiors by 17.3% in the 1st quarter. MQS Management LLC now owns 11,270 shares of the company’s stock valued at $251,000 after acquiring an additional 1,659 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Ethan Allen Interiors by 12.3% in the first quarter. Inspire Investing LLC now owns 23,124 shares of the company’s stock worth $515,000 after acquiring an additional 2,540 shares during the period. Finally, North Star Investment Management Corp. increased its stake in shares of Ethan Allen Interiors by 0.5% in the first quarter. North Star Investment Management Corp. now owns 201,250 shares of the company’s stock worth $4,480,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

ETD has been the subject of a number of research reports. Telsey Advisory Group decreased their target price on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research report on Thursday, April 30th. Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $24.00.

Ethan Allen Interiors Stock Down 2.1%

Shares of Ethan Allen Interiors stock opened at $21.23 on Tuesday. Ethan Allen Interiors Inc. has a twelve month low of $18.28 and a twelve month high of $31.41. The business has a 50-day moving average price of $20.91 and a 200 day moving average price of $22.32. The firm has a market cap of $540.18 million, a PE ratio of 13.56 and a beta of 1.01.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $135.84 million during the quarter, compared to analysts’ expectations of $134.85 million. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.Ethan Allen Interiors’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, sell-side analysts expect that Ethan Allen Interiors Inc. will post 1.45 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Wednesday, May 13th. Ethan Allen Interiors’s dividend payout ratio is presently 98.73%.

About Ethan Allen Interiors

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.