Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 42,394 shares of the company’s stock after selling 1,302 shares during the quarter. New York State Teachers Retirement System’s holdings in Ethan Allen Interiors were worth $1,192,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tectonic Advisors LLC raised its stake in Ethan Allen Interiors by 5.1% during the fourth quarter. Tectonic Advisors LLC now owns 58,841 shares of the company’s stock valued at $1,654,000 after buying an additional 2,871 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Ethan Allen Interiors by 17.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,370 shares of the company’s stock valued at $457,000 after buying an additional 2,425 shares in the last quarter. First Dallas Securities Inc. raised its stake in Ethan Allen Interiors by 3.4% during the fourth quarter. First Dallas Securities Inc. now owns 121,285 shares of the company’s stock valued at $3,409,000 after buying an additional 4,003 shares in the last quarter. Hodges Capital Management Inc. raised its stake in Ethan Allen Interiors by 17.9% during the fourth quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock valued at $18,162,000 after buying an additional 98,227 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Ethan Allen Interiors by 10.9% during the fourth quarter. Jennison Associates LLC now owns 43,973 shares of the company’s stock valued at $1,236,000 after buying an additional 4,305 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Price Performance

Shares of ETD stock opened at $28.49 on Monday. Ethan Allen Interiors Inc. has a 12-month low of $26.53 and a 12-month high of $35.62. The firm has a market capitalization of $724.48 million, a price-to-earnings ratio of 11.97 and a beta of 1.31. The business has a 50 day simple moving average of $28.88 and a 200 day simple moving average of $29.79.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) 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%. On average, equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.48%. Ethan Allen Interiors’s payout ratio is currently 65.55%.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 owns 1,641,905 shares in the company, valued at $48,058,559.35. This 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. Corporate insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ETD. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group reaffirmed a “market perform” rating and set 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.