New York State Common Retirement Fund raised its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 107.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,493 shares of the company's stock after acquiring an additional 10,100 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Ethan Allen Interiors worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in ETD. Sanctuary Advisors LLC grew its stake in Ethan Allen Interiors by 2.4% during the fourth quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company's stock valued at $417,000 after acquiring an additional 342 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Ethan Allen Interiors by 6.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company's stock valued at $287,000 after purchasing an additional 650 shares in the last quarter. BNP Paribas Financial Markets grew its position in Ethan Allen Interiors by 3.3% during the third quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company's stock worth $1,053,000 after buying an additional 1,065 shares in the last quarter. Victory Capital Management Inc. grew its position in 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 buying an additional 1,180 shares in the last quarter. Finally, Inspire Investing LLC grew its position in Ethan Allen Interiors by 10.5% during the fourth quarter. Inspire Investing LLC now owns 14,235 shares of the company's stock worth $400,000 after buying an additional 1,348 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company's stock.
Analyst Ratings Changes
Several research firms have weighed in on ETD. Telsey Advisory Group reiterated a "market perform" rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.
Check Out Our Latest Analysis on ETD
Ethan Allen Interiors Stock Performance
Shares of ETD traded up $0.13 during trading hours on Friday, hitting $27.87. The company had a trading volume of 277,744 shares, compared to its average volume of 259,626. The firm has a fifty day moving average price of $28.78 and a 200-day moving average price of $29.65. The stock has a market capitalization of $708.68 million, a price-to-earnings ratio of 11.71 and a beta of 1.27. Ethan Allen Interiors Inc. has a 52-week low of $26.53 and a 52-week high of $35.62.
Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (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%. Research 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors's dividend payout ratio is currently 65.55%.
Insider Transactions 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 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. The trade was a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 10.48% of the company's stock.
Ethan Allen Interiors Company Profile
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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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