Connor Clark & Lunn Investment Management Ltd. Buys 9,592 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 27.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,104 shares of the company’s stock after acquiring an additional 9,592 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of Ethan Allen Interiors worth $1,268,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP acquired a new position in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ethan Allen Interiors in the third quarter valued at $50,000. Y Intercept Hong Kong Ltd bought a new stake in Ethan Allen Interiors during the third quarter worth $216,000. Exchange Traded Concepts LLC lifted its stake in Ethan Allen Interiors by 6.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock valued at $287,000 after acquiring an additional 650 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at about $305,000. Institutional investors own 83.80% of the company’s stock.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors 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 sale, the chief executive officer now directly owns 1,641,905 shares of the company’s stock, valued at approximately $48,058,559.35. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $846,400. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $27.44 on Thursday. The business has a fifty day simple moving average of $28.66 and a two-hundred day simple moving average of $29.41. Ethan Allen Interiors Inc. has a 1 year low of $26.13 and a 1 year high of $35.62. The company has a market capitalization of $697.80 million, a price-to-earnings ratio of 11.53 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share 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%. As a group, equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is presently 65.55%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ETD shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

Ethan Allen Interiors Company 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.