Janney Montgomery Scott LLC Has $1.95 Million Position in Ethan Allen Interiors Inc. $ETD

Janney Montgomery Scott LLC lifted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 52.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,384 shares of the company’s stock after purchasing an additional 29,958 shares during the period. Janney Montgomery Scott LLC owned 0.34% of Ethan Allen Interiors worth $1,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Dakota Wealth Management grew its holdings in Ethan Allen Interiors by 2.5% in the 4th quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock valued at $400,000 after buying an additional 430 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ethan Allen Interiors by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after buying an additional 538 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Ethan Allen Interiors by 4.1% in the second quarter. Vident Advisory LLC now owns 17,755 shares of the company’s stock valued at $494,000 after acquiring an additional 692 shares during the period. Franklin Resources Inc. boosted its position in shares of Ethan Allen Interiors by 4.6% in the third quarter. Franklin Resources Inc. now owns 17,426 shares of the company’s stock valued at $513,000 after acquiring an additional 770 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Ethan Allen Interiors by 9.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,930 shares of the company’s stock valued at $249,000 after acquiring an additional 800 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $21.41 on Friday. Ethan Allen Interiors Inc. has a 52 week low of $18.28 and a 52 week high of $31.41. The stock has a market capitalization of $544.78 million, a P/E ratio of 13.55 and a beta of 1.01. The stock’s fifty day moving average is $20.84 and its 200 day moving average is $22.27.

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

Ethan Allen Interiors Dividend Announcement

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Telsey Advisory Group dropped their price objective on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating for the company in a research note on Thursday, April 30th. Weiss Ratings lowered shares of 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 shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $24.00.

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.