News

Jul 25, 2023

Pacer Advisors Inc. Buys 20,090 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Pacer Advisors Inc. grew its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange

Pacer Advisors Inc. grew its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,727 shares of the company's stock after acquiring an additional 20,090 shares during the period. Pacer Advisors Inc. owned 1.24% of Ethan Allen Interiors worth $8,642,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in Ethan Allen Interiors by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 22,534 shares of the company's stock worth $595,000 after acquiring an additional 399 shares in the last quarter. Credit Suisse AG grew its stake in Ethan Allen Interiors by 2.4% in the 3rd quarter. Credit Suisse AG now owns 17,412 shares of the company's stock worth $369,000 after acquiring an additional 401 shares in the last quarter. Ritholtz Wealth Management grew its stake in Ethan Allen Interiors by 2.0% in the 4th quarter. Ritholtz Wealth Management now owns 25,321 shares of the company's stock worth $669,000 after acquiring an additional 499 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Ethan Allen Interiors by 0.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 60,134 shares of the company's stock worth $1,651,000 after acquiring an additional 541 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Ethan Allen Interiors by 45.0% during the third quarter. Tower Research Capital LLC TRC now owns 1,783 shares of the company's stock valued at $38,000 after purchasing an additional 553 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Ethan Allen Interiors from a "hold" rating to a "buy" rating in a research note on Friday, June 23rd. Telsey Advisory Group reiterated a "market perform" rating and set a $28.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday.

NYSE ETD opened at $30.93 on Friday. The firm's 50 day moving average price is $28.21 and its 200-day moving average price is $28.06. Ethan Allen Interiors Inc. has a 52-week low of $21.10 and a 52-week high of $31.78. The company has a market cap of $784.26 million, a PE ratio of 7.08 and a beta of 1.22.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results on Wednesday, April 26th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $186.32 million during the quarter, compared to the consensus estimate of $192.00 million. Ethan Allen Interiors had a net margin of 13.43% and a return on equity of 25.79%. Ethan Allen Interiors's revenue was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. On average, analysts forecast that Ethan Allen Interiors Inc. will post 3.9 earnings per share for the current fiscal year.

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.

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