Intech Investment Management LLC increased its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 107.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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.
A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake 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 during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ethan Allen Interiors during the third quarter valued at about $1,132,000. Dynamic Technology Lab Private Ltd increased its stake in Ethan Allen Interiors by 121.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 30,020 shares of the company's stock worth $957,000 after acquiring an additional 16,465 shares during the last quarter. FMR LLC raised its holdings in shares of Ethan Allen Interiors by 421.3% in the 3rd quarter. FMR LLC now owns 18,943 shares of the company's stock worth $604,000 after purchasing an additional 15,309 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Ethan Allen Interiors by 3.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company's stock worth $1,053,000 after purchasing an additional 1,065 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Ethan Allen Interiors
In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total transaction of $292,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $846,400 in the last 90 days. 10.48% of the stock is owned by corporate insiders.
Ethan Allen Interiors Stock Performance
Shares of NYSE:ETD traded down $0.68 during mid-day trading on Tuesday, hitting $27.76. 307,855 shares of the company traded hands, compared to its average volume of 236,256. The firm's 50 day simple moving average is $28.66 and its 200 day simple moving average is $29.34. The firm has a market cap of $705.94 million, a P/E ratio of 11.66 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 posted 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 return on equity of 12.62% and a net margin of 9.76%. Equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.
Ethan Allen Interiors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors's dividend payout ratio is currently 65.55%.
Analysts Set New Price Targets
A number of research firms recently issued reports on ETD. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, January 30th.
View Our Latest Stock Analysis on ETD
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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