Y Intercept Hong Kong Ltd Buys 5,263 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Y Intercept Hong Kong Ltd raised its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 77.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,042 shares of the company’s stock after purchasing an additional 5,263 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ethan Allen Interiors were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at about $50,000. Nisa Investment Advisors LLC lifted its holdings in shares of Ethan Allen Interiors by 76.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,267 shares of the company’s stock valued at $264,000 after acquiring an additional 3,583 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at about $305,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Ethan Allen Interiors by 13.4% in the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock valued at $319,000 after acquiring an additional 1,180 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Trading Down 2.3 %

Shares of NYSE:ETD opened at $27.86 on Tuesday. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62. The company has a 50-day moving average price of $28.83 and a 200 day moving average price of $29.72. The company has a market cap of $708.35 million, a price-to-earnings ratio of 11.70 and a beta of 1.31.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data 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, equities analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 65.55%.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the 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 sale, the chief executive officer now directly owns 1,641,905 shares of the company’s stock, valued at $48,058,559.35. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ETD has been the subject of a number of analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a report 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.