First Dallas Securities Inc. Purchases 7,052 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

First Dallas Securities Inc. boosted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,526 shares of the company’s stock after buying an additional 7,052 shares during the period. Ethan Allen Interiors makes up about 1.2% of First Dallas Securities Inc.’s portfolio, making the stock its 26th biggest holding. First Dallas Securities Inc. owned about 0.29% of Ethan Allen Interiors worth $2,542,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AJOVista LLC bought a new stake in shares of Ethan Allen Interiors in the 4th quarter valued at approximately $41,000. PNC Financial Services Group Inc. lifted its stake in shares of Ethan Allen Interiors by 171.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,563 shares of the company’s stock valued at $136,000 after purchasing an additional 2,884 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of Ethan Allen Interiors in the 4th quarter valued at approximately $204,000. Evergreen Capital Management LLC bought a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $213,000. Finally, Vest Financial LLC bought a new stake in shares of Ethan Allen Interiors in the 4th quarter valued at approximately $242,000. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Trading Up 2.6 %

Shares of NYSE ETD traded up $0.70 during midday trading on Friday, hitting $27.89. The company’s stock had a trading volume of 295,875 shares, compared to its average volume of 172,302. The business’s 50 day moving average is $28.81 and its two-hundred day moving average is $30.57. Ethan Allen Interiors Inc. has a 12-month low of $25.33 and a 12-month high of $36.19. The firm has a market cap of $708.68 million, a P/E ratio of 10.14 and a beta of 1.26.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.18). Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. The business had revenue of $146.42 million during the quarter, compared to analysts’ expectations of $168.15 million. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was down 21.4% compared to the same quarter last year. On average, analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th were given a dividend of $0.39 per share. The ex-dividend date was Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 5.59%. Ethan Allen Interiors’s payout ratio is 56.73%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday, April 25th.

Ethan Allen Interiors Company 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.