Connor Clark & Lunn Investment Management Ltd. Has $1.27 Million Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,104 shares of the company’s stock after purchasing an additional 9,592 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Ethan Allen Interiors were worth $1,268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP acquired a new stake in Ethan Allen Interiors during the third quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $50,000. Y Intercept Hong Kong Ltd bought a new position in shares of Ethan Allen Interiors in the third quarter worth $216,000. Exchange Traded Concepts LLC raised 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 purchasing an additional 650 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Ethan Allen Interiors during the third quarter worth about $305,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $27.44 on Thursday. 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 $697.80 million, a P/E ratio of 11.53 and a beta of 1.27. The stock has a fifty day moving average of $28.66 and a 200-day moving average of $29.41.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Wednesday, January 29th. The company reported $0.59 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%. On average, research 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. Investors of record on Tuesday, February 11th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is 65.55%.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total transaction of $292,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $846,400 in the last quarter. Insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ETD shares. Telsey Advisory Group reissued 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 note on Monday, January 13th.

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.