JPMorgan Chase & Co. Increases Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

JPMorgan Chase & Co. boosted its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 177.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,525 shares of the company's stock after buying an additional 94,287 shares during the period. JPMorgan Chase & Co. owned approximately 0.58% of Ethan Allen Interiors worth $4,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. grew its stake in Ethan Allen Interiors by 213.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock valued at $53,000 after acquiring an additional 1,280 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Ethan Allen Interiors in the 4th quarter worth $112,000. Exchange Traded Concepts LLC grew its position in Ethan Allen Interiors by 6.8% in 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 period. Victory Capital Management Inc. increased its stake 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 valued at $312,000 after purchasing an additional 1,097 shares in the last quarter. Finally, EMC Capital Management raised its holdings in Ethan Allen Interiors by 31.3% during the fourth quarter. EMC Capital Management now owns 11,202 shares of the company's stock worth $315,000 after buying an additional 2,673 shares during the last quarter. 83.80% of the stock is owned by institutional investors.

Insider Buying and Selling

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 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 directly owns 1,641,905 shares in the company, valued at $48,058,559.35. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 30,000 shares of company stock valued at $822,800. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Stock Up 1.1 %

Ethan Allen Interiors stock traded up $0.30 during midday trading on Wednesday, hitting $27.56. 114,285 shares of the stock were exchanged, compared to its average volume of 277,387. The stock has a market capitalization of $700.85 million, a price-to-earnings ratio of 11.58 and a beta of 1.18. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $35.62. The business's 50-day moving average price is $27.47 and its 200-day moving average price is $28.70.

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 (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 predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 5.66%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors's payout ratio is 65.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ETD shares. Telsey Advisory Group reissued a "market perform" rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, January 30th. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a report 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.