Intech Investment Management LLC Increases Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Intech Investment Management LLC raised its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 107.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,832 shares of the company's stock after acquiring an additional 10,274 shares during the period. Intech Investment Management LLC owned approximately 0.08% of Ethan Allen Interiors worth $557,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Quarry LP bought a new stake in Ethan Allen Interiors during the 3rd quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ethan Allen Interiors during the third quarter valued at approximately $50,000. Y Intercept Hong Kong Ltd purchased a new position in Ethan Allen Interiors in the 3rd quarter worth approximately $216,000. Victory Capital Management Inc. lifted its position in Ethan Allen Interiors by 13.4% in the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company's stock valued at $319,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted 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 purchasing an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock traded down $0.33 during mid-day trading on Friday, reaching $27.56. 199,096 shares of the stock traded hands, compared to its average volume of 244,447. Ethan Allen Interiors Inc. has a 12-month low of $26.13 and a 12-month high of $35.62. The business's 50-day moving average is $28.61 and its 200-day moving average is $29.31. The stock has a market capitalization of $700.72 million, a PE ratio of 11.58 and a beta of 1.27.

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Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results 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 net margin of 9.76% and a return on equity of 12.62%. Equities analysts anticipate 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 dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors's payout ratio is 65.55%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Friday, January 17th. The shares were sold at an average price of $28.67, for a total transaction of $286,700.00. Following the transaction, the chief executive officer now owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 30,000 shares of company stock valued at $846,400 over the last 90 days. 10.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Telsey Advisory Group reaffirmed 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.

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.