Denali Advisors LLC Acquires New Shares in Ethan Allen Interiors Inc. (NYSE:ETD)

Denali Advisors LLC purchased a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 35,900 shares of the company's stock, valued at approximately $1,009,000. Denali Advisors LLC owned about 0.14% of Ethan Allen Interiors at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ETD. Jane Street Group LLC raised its stake in Ethan Allen Interiors by 679.5% in the third quarter. Jane Street Group LLC now owns 266,161 shares of the company's stock valued at $8,488,000 after purchasing an additional 232,015 shares in the last quarter. Hodges Capital Management Inc. raised its position in shares of Ethan Allen Interiors by 17.9% during the 4th quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company's stock valued at $18,162,000 after buying an additional 98,227 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $1,132,000. Kovitz Investment Group Partners LLC grew its position in Ethan Allen Interiors by 401.3% in the third quarter. Kovitz Investment Group Partners LLC now owns 39,760 shares of the company's stock worth $1,258,000 after acquiring an additional 31,828 shares in the last quarter. Finally, Barclays PLC increased its stake in Ethan Allen Interiors by 113.8% in the third quarter. Barclays PLC now owns 57,174 shares of the company's stock valued at $1,824,000 after acquiring an additional 30,437 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company's stock.

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Ethan Allen Interiors Stock Performance

Shares of ETD stock traded up $0.25 on Friday, hitting $28.51. 259,122 shares of the company's stock traded hands, compared to its average volume of 263,016. The stock has a market capitalization of $724.88 million, a price-to-earnings ratio of 11.98 and a beta of 1.31. The company's fifty day simple moving average is $28.84 and its 200 day simple moving average is $29.74. Ethan Allen Interiors Inc. has a one year low of $26.53 and a one year high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 EPS 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%. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors's payout ratio is 65.55%.

Analyst Upgrades and Downgrades

ETD has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Company Profile

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.