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

Teacher Retirement System of Texas lifted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 54.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 261,025 shares of the company’s stock after acquiring an additional 91,602 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ethan Allen Interiors were worth $7,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ETD. Quarry LP acquired a new stake in shares of Ethan Allen Interiors during the 3rd 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 approximately $50,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $216,000. Exchange Traded Concepts LLC increased its holdings in shares of 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 buying an additional 650 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Ethan Allen Interiors in the 3rd quarter valued at approximately $305,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total value 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 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 this hyperlink. In the last three months, insiders sold 30,000 shares of company stock valued at $846,400. Insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $27.45 on Friday. Ethan Allen Interiors Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $35.62. The firm has a 50 day moving average price of $28.65 and a 200 day moving average price of $29.36. The company has a market capitalization of $697.98 million, a PE ratio of 11.53 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly 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%. As a group, equities 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.68%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 65.55%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ETD shares. 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 target price on shares of Ethan Allen Interiors in a 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.