Illumine Investment Management LLC Takes $420,000 Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Illumine Investment Management LLC purchased a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,945 shares of the company's stock, valued at approximately $420,000. Illumine Investment Management LLC owned approximately 0.06% of Ethan Allen Interiors at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Quarry LP purchased a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ethan Allen Interiors in the third quarter valued at about $50,000. Y Intercept Hong Kong Ltd bought a new position in shares of Ethan Allen Interiors in the third quarter worth about $216,000. Nisa Investment Advisors LLC boosted its stake in shares of Ethan Allen Interiors by 76.5% in the third quarter. Nisa Investment Advisors LLC now owns 8,267 shares of the company's stock worth $264,000 after acquiring an additional 3,583 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of Ethan Allen Interiors by 6.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company's stock worth $287,000 after purchasing an additional 650 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

Ethan Allen Interiors Trading Down 1.2 %

Shares of ETD stock traded down $0.33 on Tuesday, reaching $27.54. 266,558 shares of the company's stock were exchanged, compared to its average volume of 262,492. The company's fifty day simple moving average is $28.83 and its 200 day simple moving average is $29.72. The stock has a market capitalization of $700.24 million, a PE ratio of 11.57 and a beta of 1.31. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62.

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Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.67%. Ethan Allen Interiors's dividend payout ratio is currently 65.55%.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total value of $292,700.00. Following the sale, the chief executive officer now directly owns 1,641,905 shares of the company's stock, valued at $48,058,559.35. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on ETD shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

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.