Oregon Public Employees Retirement Fund Cuts Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Posted by Defense World Staff on Oct 24th, 2023

Oregon Public Employees Retirement Fund cut its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD – Free Report) by 5.3% during the second quarter, Holdings Channel reports. The firm owned 7,136 shares of the company’s stock after selling 400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Ethan Allen Interiors were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ETD. Envestnet Asset Management Inc. acquired a new position in shares of Ethan Allen Interiors during the first quarter worth about $349,000. JPMorgan Chase & Co. acquired a new position in shares of Ethan Allen Interiors during the first quarter worth about $3,517,000. Raymond James & Associates acquired a new position in shares of Ethan Allen Interiors during the first quarter worth about $1,106,000. Bank of New York Mellon Corp acquired a new position in shares of Ethan Allen Interiors during the first quarter worth about $11,645,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Ethan Allen Interiors during the first quarter worth about $655,000. 87.18% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Down 1.1 %

Shares of ETD opened at $28.33 on Tuesday. The stock has a 50 day moving average price of $30.34 and a 200 day moving average price of $29.15. The company has a market capitalization of $719.30 million, a price-to-earnings ratio of 6.86 and a beta of 1.24. Ethan Allen Interiors Inc. has a 52-week low of $21.96 and a 52-week high of $36.19.

Ethan Allen Interiors (NYSE:ETD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. The firm had revenue of $187.38 million during the quarter, compared to the consensus estimate of $189.85 million. Ethan Allen Interiors had a return on equity of 23.23% and a net margin of 13.37%. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 earnings per share. On average, equities analysts anticipate that Ethan Allen Interiors Inc. will post 3.24 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Monday, August 14th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 34.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Argus boosted their price objective on Ethan Allen Interiors from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. StockNews.com assumed coverage on Ethan Allen Interiors in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $33.00 price target on shares of Ethan Allen Interiors in a report on Wednesday, September 20th.

Check Out Our Latest Report on Ethan Allen Interiors

Ethan Allen Interiors Profile

(Free Report)

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.