Vanguard Group Inc. Acquires 68,957 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Vanguard Group Inc. boosted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,666,798 shares of the company’s stock after purchasing an additional 68,957 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Ethan Allen Interiors worth $46,854,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. boosted its position in shares of Ethan Allen Interiors by 213.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock worth $53,000 after purchasing an additional 1,280 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Ethan Allen Interiors during the 4th quarter worth approximately $112,000. Y Intercept Hong Kong Ltd acquired a new position in Ethan Allen Interiors during the 3rd quarter worth approximately $216,000. Exchange Traded Concepts LLC boosted its holdings 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 worth $287,000 after acquiring an additional 650 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Ethan Allen Interiors by 11.0% in the fourth quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock valued at $312,000 after acquiring an additional 1,097 shares during the period. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Price Performance

ETD opened at $26.81 on Friday. The firm has a market capitalization of $681.88 million, a PE ratio of 11.27 and a beta of 1.18. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $35.62. The company’s 50-day moving average is $27.93 and its 200 day moving average is $28.94.

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

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.82%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 65.55%.

Analyst Ratings Changes

ETD has been the topic of a number of research reports. Argus reaffirmed 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 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th.

Insiders Place Their Bets

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total transaction of $292,700.00. Following the transaction, the chief executive officer now directly owns 1,641,905 shares of the company’s stock, valued at $48,058,559.35. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 30,000 shares of company stock valued at $846,400 in the last three months. 10.48% of the stock is currently owned by insiders.

Ethan Allen Interiors 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.