Arrowstreet Capital Limited Partnership Acquires 87,278 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Arrowstreet Capital Limited Partnership lifted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 67.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,329 shares of the company's stock after purchasing an additional 87,278 shares during the period. Arrowstreet Capital Limited Partnership owned 0.85% of Ethan Allen Interiors worth $6,109,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ETD. Victory Capital Management Inc. lifted its holdings in Ethan Allen Interiors by 11.0% in the 4th quarter. Victory Capital Management Inc. now owns 11,101 shares of the company's stock worth $312,000 after buying an additional 1,097 shares during the period. FMR LLC lifted its holdings in Ethan Allen Interiors by 421.3% in the third quarter. FMR LLC now owns 18,943 shares of the company's stock worth $604,000 after buying an additional 15,309 shares during the period. Barclays PLC raised its position in shares of Ethan Allen Interiors by 113.8% in the 3rd quarter. Barclays PLC now owns 57,174 shares of the company's stock worth $1,824,000 after acquiring an additional 30,437 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Ethan Allen Interiors by 6.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company's stock valued at $2,131,000 after purchasing an additional 4,267 shares during the period. Finally, Geode Capital Management LLC grew its stake in Ethan Allen Interiors by 0.6% in the third quarter. Geode Capital Management LLC now owns 538,595 shares of the company's stock worth $17,179,000 after purchasing an additional 3,310 shares during the period. 83.80% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have commented on the company. 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. Argus reiterated a "hold" rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now directly owns 1,641,905 shares of the company's stock, valued at approximately $48,058,559.35. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 30,000 shares of company stock worth $846,400 in the last three months. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Stock Performance

Shares of ETD stock traded up $0.27 during trading hours on Friday, reaching $26.81. The company had a trading volume of 200,182 shares, compared to its average volume of 250,198. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $35.62. The firm has a market cap of $681.88 million, a PE ratio of 11.27 and a beta of 1.18. The business has a fifty day moving average price of $27.93 and a 200-day moving average price of $28.94.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released 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%. Equities research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.82%. Ethan Allen Interiors's dividend payout ratio is currently 65.55%.

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.