Connor Clark & Lunn Investment Management Ltd. Boosts Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 27.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,104 shares of the company's stock after purchasing an additional 9,592 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of Ethan Allen Interiors worth $1,268,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ethan Allen Interiors in the 3rd quarter worth approximately $50,000. Y Intercept Hong Kong Ltd purchased a new stake in Ethan Allen Interiors in the 3rd quarter worth approximately $216,000. Exchange Traded Concepts LLC increased its holdings in Ethan Allen Interiors by 6.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company's stock worth $287,000 after acquiring an additional 650 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Ethan Allen Interiors during the 3rd quarter valued at approximately $305,000. Institutional investors own 83.80% of the company's stock.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the transaction, the chief executive officer now owns 1,651,905 shares in the company, valued at $47,360,116.35. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 30,000 shares of company stock worth $846,400. Company insiders own 10.48% of the company's stock.

Remove Ads

Ethan Allen Interiors Price Performance

Shares of NYSE ETD traded up $0.02 during midday trading on Friday, reaching $27.45. 1,015,103 shares of the stock traded hands, compared to its average volume of 235,854. The stock has a market capitalization of $697.98 million, a PE ratio of 11.53 and a beta of 1.27. The company's 50 day moving average is $28.65 and its 200 day moving average is $29.36. Ethan Allen Interiors Inc. has a one year low of $26.13 and a one year high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (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, equities analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.68%. Ethan Allen Interiors's dividend payout ratio (DPR) is 65.55%.

Analyst Ratings Changes

A number of brokerages have issued reports on ETD. Argus reaffirmed a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reiterated a "market perform" rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, January 30th.

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.