Teacher Retirement System of Texas grew its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,025 shares of the company's stock after buying an additional 91,602 shares during the period. Teacher Retirement System of Texas owned 1.03% of Ethan Allen Interiors worth $7,337,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Ethan Allen Interiors in the third quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ethan Allen Interiors in the third quarter valued at $50,000. Y Intercept Hong Kong Ltd purchased a new stake in Ethan Allen Interiors during the third quarter valued at $216,000. Intech Investment Management LLC bought a new stake in shares of Ethan Allen Interiors in the 3rd quarter worth about $305,000. Finally, Victory Capital Management Inc. raised its position in shares of Ethan Allen Interiors by 13.4% during the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company's stock valued at $319,000 after buying an additional 1,180 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Ethan Allen Interiors
In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on 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 of the company's stock, valued at $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 is accessible through this link. Insiders have sold a total of 30,000 shares of company stock valued at $846,400 over the last quarter. 10.48% of the stock is owned by corporate insiders.
Ethan Allen Interiors Stock Up 1.0 %
NYSE:ETD traded up $0.27 during midday trading on Thursday, hitting $27.93. The stock had a trading volume of 247,690 shares, compared to its average volume of 236,554. The stock has a 50-day moving average of $28.63 and a 200 day moving average of $29.32. The company has a market capitalization of $710.26 million, a price-to-earnings ratio of 11.74 and a beta of 1.27. Ethan Allen Interiors Inc. has a one year low of $26.13 and a one year high of $35.62.
Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings results 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 net margin of 9.76% and a return on equity of 12.62%. On average, sell-side analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.
Ethan Allen Interiors Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 65.55%.
Wall Street Analyst Weigh In
Several brokerages recently commented on ETD. Telsey Advisory Group reiterated a "market perform" rating and set a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reaffirmed a "hold" rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.
Get Our Latest Research Report on Ethan Allen Interiors
About Ethan Allen Interiors
(
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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