Hodges Capital Management Inc. Raises Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Hodges Capital Management Inc. lifted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 16.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 544,546 shares of the company’s stock after acquiring an additional 77,565 shares during the quarter. Ethan Allen Interiors makes up approximately 1.0% of Hodges Capital Management Inc.’s holdings, making the stock its 26th biggest holding. Hodges Capital Management Inc. owned about 2.14% of Ethan Allen Interiors worth $15,187,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Hantz Financial Services Inc. purchased a new position in Ethan Allen Interiors during the second quarter valued at approximately $26,000. Innealta Capital LLC purchased a new position in Ethan Allen Interiors during the second quarter valued at approximately $29,000. AJOVista LLC purchased a new position in Ethan Allen Interiors during the fourth quarter valued at approximately $41,000. Meeder Asset Management Inc. grew its holdings in Ethan Allen Interiors by 2,366.0% in the first quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock worth $176,000 after purchasing an additional 4,874 shares during the last quarter. Finally, Cim LLC purchased a new position in Ethan Allen Interiors in the first quarter worth $216,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Monday, August 19th. The shares were sold at an average price of $30.36, for a total transaction of $303,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,712,319 shares in the company, valued at $51,986,004.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 10.90% of the company’s stock.

Ethan Allen Interiors Price Performance

NYSE ETD traded down $0.45 on Wednesday, hitting $30.15. The stock had a trading volume of 5,858 shares, compared to its average volume of 207,855. The business’s fifty day moving average price is $29.74 and its 200 day moving average price is $30.37. 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 $766.17 million, a price-to-earnings ratio of 11.13 and a beta of 1.28.

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

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.39 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.56 annualized dividend and a dividend yield of 5.17%. Ethan Allen Interiors’s payout ratio is currently 56.73%.

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.