Juncture Wealth Strategies LLC Purchases 1,700 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Juncture Wealth Strategies LLC grew its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 14.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,400 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Juncture Wealth Strategies LLC owned approximately 0.05% of Ethan Allen Interiors worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. State of Wyoming bought a new stake in Ethan Allen Interiors during the 4th quarter valued at approximately $30,000. Tower Research Capital LLC TRC raised its position in shares of Ethan Allen Interiors by 234.8% during the first quarter. Tower Research Capital LLC TRC now owns 1,212 shares of the company’s stock valued at $34,000 after buying an additional 850 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Ethan Allen Interiors in the first quarter worth $39,000. PNC Financial Services Group Inc. bought a new position in shares of Ethan Allen Interiors during the first quarter worth $41,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Ethan Allen Interiors during the first quarter valued at $50,000. 87.18% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ETD. StockNews.com upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Thursday, September 14th. Argus increased their price target on Ethan Allen Interiors from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Finally, Telsey Advisory Group lifted their price objective on Ethan Allen Interiors from $28.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd.

Ethan Allen Interiors Stock Down 1.2 %

ETD stock opened at $30.59 on Tuesday. The company has a fifty day simple moving average of $31.43 and a two-hundred day simple moving average of $28.79. Ethan Allen Interiors Inc. has a 52 week low of $21.10 and a 52 week high of $36.19. The firm has a market capitalization of $776.07 million, a P/E ratio of 7.41 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.13. Ethan Allen Interiors had a net margin of 13.37% and a return on equity of 23.23%. The firm had revenue of $187.38 million during the quarter, compared to the consensus estimate of $189.85 million. During the same quarter last year, the firm earned $1.25 EPS. The firm’s revenue for the quarter was down 18.4% compared to the same quarter last year. As a group, analysts anticipate that Ethan Allen Interiors Inc. will post 3.25 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Monday, August 14th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 34.87%.

About Ethan Allen Interiors

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.