Invesco Ltd. Increases Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

Invesco Ltd. boosted its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 351,472 shares of the company's stock after purchasing an additional 22,115 shares during the period. Invesco Ltd. owned about 1.38% of Ethan Allen Interiors worth $9,880,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ETD. Hillsdale Investment Management Inc. boosted its position in Ethan Allen Interiors by 213.3% in the fourth 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ethan Allen Interiors in the fourth quarter worth about $112,000. Arete Wealth Advisors LLC boosted its position in Ethan Allen Interiors by 21.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company's stock worth $272,000 after purchasing an additional 1,688 shares during the last quarter. Exchange Traded Concepts LLC boosted its position 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 purchasing an additional 650 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position 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 worth $312,000 after purchasing an additional 1,097 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.70, for a total value of $267,000.00. Following the sale, the chief executive officer now owns 1,631,905 shares of the company's stock, valued at approximately $43,571,863.50. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 30,000 shares of company stock valued at $822,800 over the last 90 days. 10.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors Trading Up 0.6 %

Shares of NYSE:ETD traded up $0.17 during midday trading on Monday, reaching $28.59. 429,691 shares of the company were exchanged, compared to its average volume of 250,839. The stock has a market cap of $727.04 million, a PE ratio of 12.01 and a beta of 1.18. The business's fifty day moving average is $27.38 and its two-hundred day moving average is $28.64. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released 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%. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors's payout ratio is 65.55%.

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.