Ethan Allen Interiors Inc. (NYSE:ETD) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 54.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 261,025 shares of the company’s stock after purchasing an additional 91,602 shares during the period. Teacher Retirement System of Texas owned approximately 1.03% of Ethan Allen Interiors worth $7,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its position in Ethan Allen Interiors by 2.4% during the 4th quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company’s stock worth $417,000 after purchasing an additional 342 shares during the period. Exchange Traded Concepts LLC grew its position in Ethan Allen Interiors by 6.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after purchasing an additional 650 shares during the period. BNP Paribas Financial Markets grew its position in Ethan Allen Interiors by 3.3% during 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. Victory Capital Management Inc. grew its position 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 worth $312,000 after purchasing an additional 1,097 shares during the period. Finally, Mainstay Capital Management LLC ADV grew its position in shares of Ethan Allen Interiors by 2.1% during the 4th quarter. Mainstay Capital Management LLC ADV now owns 57,576 shares of the company’s stock valued at $1,618,000 after acquiring an additional 1,164 shares during the period. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Up 0.1 %

NYSE:ETD opened at $27.45 on Friday. Ethan Allen Interiors Inc. has a 52 week low of $26.13 and a 52 week high of $35.62. The stock has a market capitalization of $697.98 million, a PE ratio of 11.53 and a beta of 1.27. The stock’s 50-day moving average price is $28.65 and its 200-day moving average price is $29.36.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly 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 net margin of 9.76% and a return on equity of 12.62%. Sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is presently 65.55%.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the transaction, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at $47,360,116.35. This trade represents a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 30,000 shares of company stock valued at $846,400. 10.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group restated 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.

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.