Northern Trust Corp Has $11.30 Million Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Northern Trust Corp lifted its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,986 shares of the company's stock after purchasing an additional 23,982 shares during the quarter. Northern Trust Corp owned 1.58% of Ethan Allen Interiors worth $11,300,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hillsdale Investment Management Inc. raised its stake in shares of Ethan Allen Interiors by 213.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock valued at $53,000 after purchasing an additional 1,280 shares in the last quarter. Quarry LP raised its stake in shares of Ethan Allen Interiors by 73.3% in the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after purchasing an additional 1,101 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Ethan Allen Interiors in the fourth quarter valued at $112,000. Prosperity Consulting Group LLC raised its stake in shares of Ethan Allen Interiors by 35.1% in the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company's stock valued at $264,000 after purchasing an additional 2,440 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in shares of Ethan Allen Interiors by 21.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company's stock valued at $272,000 after purchasing an additional 1,688 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Down 0.4%

Ethan Allen Interiors stock traded down $0.10 during mid-day trading on Thursday, hitting $25.97. 220,409 shares of the company were exchanged, compared to its average volume of 270,973. The business has a fifty day moving average of $27.18 and a 200 day moving average of $28.36. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $35.62. The company has a market capitalization of $660.34 million, a PE ratio of 10.91 and a beta of 1.20.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $146.85 million. During the same quarter in the prior year, the company earned $0.48 earnings per share. The business's revenue was down 2.5% compared to the same quarter last year. Research analysts expect 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 will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a yield of 6.01%. Ethan Allen Interiors's payout ratio is 69.33%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a "market perform" rating on shares of Ethan Allen Interiors in a research note on Tuesday, May 6th.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $26.31, for a total value of $263,100.00. Following the sale, the chief executive officer now owns 1,621,905 shares in the company, valued at approximately $42,672,320.55. The trade was a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 31,366 shares of company stock worth $835,490 over the last three months. 10.48% of the stock is currently owned by company insiders.

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.