Ethan Allen Interiors Inc. (NYSE:ETD) Stake Lessened by UBS Group AG

UBS Group AG trimmed its position in Ethan Allen Interiors Inc. (NYSE:ETD – Get Rating) by 41.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 290,223 shares of the company’s stock after selling 205,438 shares during the period. UBS Group AG owned approximately 1.14% of Ethan Allen Interiors worth $7,668,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ETD. Envestnet Asset Management Inc. acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $349,000. JPMorgan Chase & Co. acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $3,517,000. Raymond James & Associates acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $1,106,000. Bank of New York Mellon Corp acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $11,645,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Ethan Allen Interiors in the first quarter worth approximately $655,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research report on Friday, May 19th.

Ethan Allen Interiors Stock Performance

NYSE ETD opened at $26.55 on Thursday. The stock has a market capitalization of $673.31 million, a P/E ratio of 6.08 and a beta of 1.20. Ethan Allen Interiors Inc. has a 1 year low of $19.60 and a 1 year high of $31.78. The business’s fifty day moving average is $26.97 and its two-hundred day moving average is $27.76.

Ethan Allen Interiors (NYSE:ETD – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. Ethan Allen Interiors had a return on equity of 25.79% and a net margin of 13.43%. The company had revenue of $186.32 million for the quarter, compared to analysts’ expectations of $192.00 million. During the same quarter in the prior year, the company earned $0.93 earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 3.9 earnings per share for the current year.

Ethan Allen Interiors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Tuesday, May 9th will be issued a $0.36 dividend. The ex-dividend date is Monday, May 8th. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a yield of 5.42%. Ethan Allen Interiors’s dividend payout ratio is currently 32.95%.

Ethan Allen Interiors Company Profile

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Ethan Allen Interiors, Inc is engaged in manufacturing home furnishings and accessories. The firm offers a full complement of home decorating and design solutions through its home furnishing retail networks. It operates through two segments: Wholesale and Retail. The Wholesale segment develops the brand of the company, encompasses all aspects of design, manufacture, sourcing, marketing, sale and distribution of its broad range of home furnishing and accents.