Teacher Retirement System of Texas Boosts Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Teacher Retirement System of Texas boosted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 54.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 261,025 shares of the company's stock after acquiring an additional 91,602 shares during the quarter. Teacher Retirement System of Texas owned 1.03% of Ethan Allen Interiors worth $7,337,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its holdings in shares of Ethan Allen Interiors by 2.4% in the fourth quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company's stock valued at $417,000 after purchasing an additional 342 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in 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 acquiring an additional 650 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Ethan Allen Interiors by 3.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company's stock valued at $1,053,000 after acquiring an additional 1,065 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Ethan Allen Interiors by 11.0% during the 4th quarter. Victory Capital Management Inc. now owns 11,101 shares of the company's stock worth $312,000 after acquiring an additional 1,097 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV grew its stake in shares of Ethan Allen Interiors by 2.1% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 57,576 shares of the company's stock worth $1,618,000 after acquiring an additional 1,164 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on ETD. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 30th.

Insider Activity

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

Ethan Allen Interiors Price Performance

Shares of NYSE ETD traded down $0.39 during mid-day trading on Tuesday, reaching $28.05. 145,258 shares of the company's stock were exchanged, compared to its average volume of 236,539. The firm has a 50-day moving average price of $28.66 and a two-hundred day moving average price of $29.34. The firm has a market capitalization of $713.31 million, a price-to-earnings ratio of 11.79 and a beta of 1.27. Ethan Allen Interiors Inc. has a 52 week low of $26.13 and a 52 week high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. As a group, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS 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. 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 annualized dividend and a dividend yield of 5.56%. Ethan Allen Interiors's payout ratio is presently 65.55%.

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.