Hodges Capital Management Inc. Sells 201,303 Shares of Ethan Allen Interiors Inc. $ETD

Hodges Capital Management Inc. decreased its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 54.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,683 shares of the company’s stock after selling 201,303 shares during the period. Hodges Capital Management Inc.’s holdings in Ethan Allen Interiors were worth $3,898,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL boosted its stake in Ethan Allen Interiors by 117.1% in the 3rd quarter. Tudor Investment Corp ET AL now owns 90,018 shares of the company’s stock worth $2,652,000 after purchasing an additional 48,557 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Ethan Allen Interiors by 260.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company’s stock valued at $5,647,000 after acquiring an additional 138,452 shares during the period. American Century Companies Inc. lifted its stake in Ethan Allen Interiors by 4.4% during the 3rd quarter. American Century Companies Inc. now owns 874,727 shares of the company’s stock valued at $25,769,000 after acquiring an additional 36,756 shares during the period. Teacher Retirement System of Texas lifted its stake in Ethan Allen Interiors by 34.9% during the 4th quarter. Teacher Retirement System of Texas now owns 311,066 shares of the company’s stock valued at $7,105,000 after acquiring an additional 80,529 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in Ethan Allen Interiors by 11.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 247,461 shares of the company’s stock valued at $7,290,000 after acquiring an additional 25,800 shares during the period. Institutional investors own 83.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ETD. Zacks Research cut shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 14th. Weiss Ratings cut shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Telsey Advisory Group lowered their target price on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Sell” and a consensus target price of $24.00.

Ethan Allen Interiors Stock Down 1.0%

NYSE ETD opened at $21.36 on Thursday. Ethan Allen Interiors Inc. has a 52 week low of $18.28 and a 52 week high of $31.41. The firm has a market capitalization of $543.59 million, a P/E ratio of 13.52 and a beta of 1.02. The company has a 50-day moving average price of $21.11 and a 200-day moving average price of $22.61.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. Ethan Allen Interiors had a net margin of 6.81% and a return on equity of 8.54%. The company had revenue of $135.84 million during the quarter, compared to analyst estimates of $134.85 million. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Ethan Allen Interiors Inc. will post 1.48 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

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

Ethan Allen Interiors Company 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.