Lazard Asset Management LLC Has $82,000 Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Lazard Asset Management LLC increased its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETDGet Rating) by 57.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,088 shares of the company’s stock after acquiring an additional 1,492 shares during the period. Lazard Asset Management LLC’s holdings in Ethan Allen Interiors were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its position in shares of Ethan Allen Interiors by 2.0% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 25,603 shares of the company’s stock valued at $517,000 after acquiring an additional 496 shares in the last quarter. Rothschild Investment Corp IL boosted its position in shares of Ethan Allen Interiors by 1.7% during the 2nd quarter. Rothschild Investment Corp IL now owns 29,110 shares of the company’s stock valued at $588,000 after acquiring an additional 500 shares in the last quarter. Watershed Asset Management L.L.C. boosted its position in shares of Ethan Allen Interiors by 13.8% during the 2nd quarter. Watershed Asset Management L.L.C. now owns 10,893 shares of the company’s stock valued at $220,000 after acquiring an additional 1,318 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Ethan Allen Interiors by 8.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,661 shares of the company’s stock valued at $336,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Ziegler Capital Management LLC lifted its holdings in Ethan Allen Interiors by 2.9% during the 2nd quarter. Ziegler Capital Management LLC now owns 50,028 shares of the company’s stock valued at $1,011,000 after purchasing an additional 1,414 shares during the last quarter. 87.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ETD. StockNews.com raised shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a report on Saturday, November 5th. Telsey Advisory Group cut their price target on shares of Ethan Allen Interiors from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Monday, August 1st.

Ethan Allen Interiors Stock Up 1.2 %

Shares of ETD stock opened at $28.72 on Thursday. Ethan Allen Interiors Inc. has a 12-month low of $19.60 and a 12-month high of $29.90. The company has a market capitalization of $727.97 million, a P/E ratio of 6.50 and a beta of 1.16. The firm has a 50-day moving average price of $24.45 and a 200 day moving average price of $23.53.

Ethan Allen Interiors (NYSE:ETDGet Rating) last announced its earnings results on Wednesday, October 26th. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.32. Ethan Allen Interiors had a net margin of 13.30% and a return on equity of 27.53%. The company had revenue of $214.53 million during the quarter, compared to the consensus estimate of $206.40 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. As a group, research analysts expect that Ethan Allen Interiors Inc. will post 3.54 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 7th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Tuesday, December 6th. Ethan Allen Interiors’s dividend payout ratio is presently 28.96%.

About Ethan Allen Interiors

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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 items comprising 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.

Further Reading

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Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETD)

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