Vanguard Group Inc. Boosts Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Vanguard Group Inc. raised its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,666,798 shares of the company's stock after purchasing an additional 68,957 shares during the quarter. Vanguard Group Inc. owned approximately 6.55% of Ethan Allen Interiors worth $46,854,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its stake in shares of 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 acquiring an additional 342 shares in the last quarter. Exchange Traded Concepts LLC raised 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 acquiring an additional 650 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Ethan Allen Interiors by 11.0% in the fourth quarter. Victory Capital Management Inc. now owns 11,101 shares of the company's stock worth $312,000 after purchasing an additional 1,097 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its holdings in shares of Ethan Allen Interiors by 2.1% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 57,576 shares of the company's stock valued at $1,618,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Ethan Allen Interiors by 213.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock worth $53,000 after buying an additional 1,280 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Telsey Advisory Group restated a "market perform" rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the completion of the transaction, the chief executive officer now owns 1,641,905 shares in the company, valued at $48,058,559.35. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $846,400 in the last quarter. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Stock Down 1.8 %

Ethan Allen Interiors stock traded down $0.47 during mid-day trading on Monday, reaching $26.36. 194,054 shares of the company's stock traded hands, compared to its average volume of 250,567. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $35.62. The stock has a 50 day moving average of $27.93 and a two-hundred day moving average of $28.93. The company has a market cap of $670.33 million, a price-to-earnings ratio of 11.08 and a beta of 1.18.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share 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%. As a group, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.92%. Ethan Allen Interiors's payout ratio is currently 65.55%.

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.