Charles Schwab Investment Management Inc. reduced its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 837,695 shares of the company's stock after selling 11,413 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.29% of Ethan Allen Interiors worth $23,548,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of ETD. Victory Capital Management Inc. grew its position in Ethan Allen Interiors by 13.4% in the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company's stock valued at $319,000 after acquiring an additional 1,180 shares in the last quarter. Jennison Associates LLC grew its position in Ethan Allen Interiors by 11.8% in the 3rd quarter. Jennison Associates LLC now owns 39,668 shares of the company's stock valued at $1,265,000 after acquiring an additional 4,194 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ethan Allen Interiors in the 3rd quarter valued at about $1,132,000. Intech Investment Management LLC acquired a new position in Ethan Allen Interiors in the 3rd quarter valued at about $305,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Ethan Allen Interiors by 121.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 30,020 shares of the company's stock worth $957,000 after buying an additional 16,465 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.70, for a total value of $267,000.00. Following the completion of the sale, the chief executive officer now owns 1,631,905 shares in the company, valued at approximately $43,571,863.50. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $846,400 over the last 90 days. 10.48% of the stock is owned by insiders.
Ethan Allen Interiors Trading Up 0.1 %
ETD stock traded up $0.02 during trading on Friday, hitting $27.45. 1,015,103 shares of the company's stock were exchanged, compared to its average volume of 235,432. The business has a 50-day moving average price of $28.65 and a two-hundred day moving average price of $29.37. The stock has a market capitalization of $697.98 million, a price-to-earnings ratio of 11.53 and a beta of 1.27. Ethan Allen Interiors Inc. has a 52-week low of $26.13 and a 52-week high of $35.62.
Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. On average, equities research analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.
Ethan Allen Interiors Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.68%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors's payout ratio is 65.55%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on ETD shares. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group reissued a "market perform" rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, January 30th.
View Our Latest Stock Report on Ethan Allen Interiors
Ethan Allen Interiors Profile
(
Free Report)
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.
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