Ethan Allen Interiors Inc. (NYSE:ETD) Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,596 shares of the company's stock after purchasing an additional 12,595 shares during the quarter. Bank of New York Mellon Corp owned about 1.66% of Ethan Allen Interiors worth $11,851,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Ethan Allen Interiors during the 3rd quarter worth approximately $862,000. Victory Capital Management Inc. lifted its position in shares of Ethan Allen Interiors by 13.4% during the third quarter. Victory Capital Management Inc. now owns 10,004 shares of the company's stock worth $319,000 after purchasing an additional 1,180 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Ethan Allen Interiors by 11.8% in the third quarter. Jennison Associates LLC now owns 39,668 shares of the company's stock valued at $1,265,000 after purchasing an additional 4,194 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ethan Allen Interiors during the 3rd quarter valued at $1,132,000. Finally, Intech Investment Management LLC acquired a new stake in Ethan Allen Interiors during the 3rd quarter valued at $305,000. Institutional investors and hedge funds own 83.80% of the company's stock.

Wall Street Analyst Weigh In

ETD has been the subject of a number of analyst reports. Telsey Advisory Group reissued a "market perform" rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, January 30th. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

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Ethan Allen Interiors Stock Up 0.3 %

NYSE:ETD traded up $0.07 during trading hours on Monday, reaching $27.01. 454,890 shares of the stock were exchanged, compared to its average volume of 231,112. Ethan Allen Interiors Inc. has a 52 week low of $26.13 and a 52 week high of $35.62. The stock has a market capitalization of $686.92 million, a P/E ratio of 11.35 and a beta of 1.27. The firm has a 50 day simple moving average of $28.70 and a 200-day simple moving average of $29.49.

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 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, analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.78%. Ethan Allen Interiors's payout ratio is currently 65.55%.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of the 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 completion of the transaction, the chief executive officer now owns 1,641,905 shares of the company's stock, valued at approximately $48,058,559.35. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 10.48% of the company's stock.

Ethan Allen Interiors 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.