Royce & Associates LP Buys 276,534 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Royce & Associates LP boosted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 87.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,993 shares of the company's stock after acquiring an additional 276,534 shares during the quarter. Royce & Associates LP owned 2.32% of Ethan Allen Interiors worth $16,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its holdings in Ethan Allen Interiors by 2.4% in the 4th quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company's stock worth $417,000 after buying an additional 342 shares during the period. Exchange Traded Concepts LLC lifted its holdings 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 worth $287,000 after buying an additional 650 shares during the period. BNP Paribas Financial Markets lifted its holdings in 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 buying an additional 1,065 shares during the period. Victory Capital Management Inc. lifted its holdings in Ethan Allen Interiors by 11.0% in the 4th quarter. Victory Capital Management Inc. now owns 11,101 shares of the company's stock worth $312,000 after buying an additional 1,097 shares during the period. Finally, Mainstay Capital Management LLC ADV lifted its holdings in 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 buying an additional 1,164 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.70, for a total value of $267,000.00. Following the completion of the transaction, the chief executive officer now owns 1,631,905 shares of the company's stock, valued at approximately $43,571,863.50. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 30,000 shares of company stock valued at $846,400. Corporate insiders own 10.48% of the company's stock.

Ethan Allen Interiors Stock Up 0.0 %

Shares of NYSE:ETD traded up $0.00 during trading on Thursday, hitting $27.46. The stock had a trading volume of 190,431 shares, compared to its average volume of 232,051. Ethan Allen Interiors Inc. has a 12 month low of $26.13 and a 12 month high of $35.62. The company has a market capitalization of $698.38 million, a PE ratio of 11.54 and a beta of 1.27. The firm's fifty day moving average is $28.66 and its 200 day moving average is $29.41.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced 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 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors's dividend payout ratio is currently 65.55%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Argus reiterated a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reiterated a "market perform" rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th.

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.