Renaissance Technologies LLC Buys 26,976 Shares of Ethan Allen Interiors Inc. $ETD

Renaissance Technologies LLC increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,177 shares of the company’s stock after purchasing an additional 26,976 shares during the quarter. Renaissance Technologies LLC’s holdings in Ethan Allen Interiors were worth $5,814,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Ethan Allen Interiors by 365.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after buying an additional 2,398 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Ethan Allen Interiors by 132.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock worth $87,000 after buying an additional 2,219 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Ethan Allen Interiors during the first quarter worth $88,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ethan Allen Interiors by 38.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company’s stock worth $130,000 after buying an additional 1,565 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of Ethan Allen Interiors by 31.2% in the 2nd quarter. Osaic Holdings Inc. now owns 6,682 shares of the company’s stock valued at $186,000 after acquiring an additional 1,589 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $24.07 on Thursday. The firm has a market cap of $612.68 million, a price-to-earnings ratio of 15.43 and a beta of 1.02. Ethan Allen Interiors Inc. has a 52-week low of $18.28 and a 52-week high of $31.41. The firm has a 50 day moving average price of $22.01 and a two-hundred day moving average price of $22.21.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The company had revenue of $146.75 million for the quarter, compared to analyst estimates of $148.70 million. During the same period in the prior year, the firm posted $0.49 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, equities research analysts predict that Ethan Allen Interiors Inc. will post 1.35 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, August 12th. Ethan Allen Interiors’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ETD shares. Zacks Research downgraded Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Telsey Advisory Group lowered their target price on Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Ethan Allen Interiors in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Ethan Allen Interiors has a consensus rating of “Sell” and an average price target of $22.00.

Ethan Allen Interiors Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.