Rothschild Investment LLC Invests $886,000 in Ethan Allen Interiors Inc. (NYSE:ETD)

Rothschild Investment LLC purchased a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 31,778 shares of the company’s stock, valued at approximately $886,000. Rothschild Investment LLC owned 0.13% of Ethan Allen Interiors at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP lifted its holdings in shares of Ethan Allen Interiors by 56.6% during the fourth quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock valued at $24,896,000 after purchasing an additional 281,900 shares during the last quarter. UBS Group AG raised its stake in Ethan Allen Interiors by 56.8% during the fourth quarter. UBS Group AG now owns 444,933 shares of the company’s stock valued at $14,202,000 after buying an additional 161,158 shares during the last quarter. Heartland Advisors Inc. purchased a new position in Ethan Allen Interiors during the first quarter valued at $5,490,000. First Eagle Investment Management LLC bought a new stake in Ethan Allen Interiors in the first quarter worth $2,354,000. Finally, Inspire Advisors LLC purchased a new stake in shares of Ethan Allen Interiors in the first quarter worth $1,158,000. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Down 0.2 %

NYSE:ETD opened at $31.48 on Friday. Ethan Allen Interiors Inc. has a 52 week low of $25.33 and a 52 week high of $35.62. The stock has a market cap of $800.22 million, a price-to-earnings ratio of 11.45 and a beta of 1.28. The company’s 50 day moving average price is $29.58 and its 200-day moving average price is $30.38.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.57 by $0.13. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The business had revenue of $168.63 million for the quarter, compared to the consensus estimate of $159.65 million. During the same period last year, the business posted $0.96 EPS. The company’s revenue was down 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Tuesday, August 13th. Ethan Allen Interiors’s payout ratio is presently 56.73%.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $30.36, for a total value of $303,600.00. Following the completion of the sale, the chief executive officer now owns 1,712,319 shares of the company’s stock, valued at approximately $51,986,004.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research report on Wednesday, July 24th.

Ethan Allen Interiors Profile

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.