Bank of New York Mellon Corp Has $11.29 Million Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Bank of New York Mellon Corp trimmed its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 407,722 shares of the company's stock after selling 13,874 shares during the period. Bank of New York Mellon Corp owned approximately 1.60% of Ethan Allen Interiors worth $11,294,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ETD. Victory Capital Management Inc. lifted 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 period. Intech Investment Management LLC increased its holdings in shares of Ethan Allen Interiors by 107.5% in the fourth quarter. Intech Investment Management LLC now owns 19,832 shares of the company's stock valued at $557,000 after buying an additional 10,274 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Ethan Allen Interiors by 54.1% in the fourth quarter. Teacher Retirement System of Texas now owns 261,025 shares of the company's stock valued at $7,337,000 after buying an additional 91,602 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Ethan Allen Interiors by 13.0% in the fourth quarter. American Century Companies Inc. now owns 726,213 shares of the company's stock valued at $20,414,000 after buying an additional 83,381 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings 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 buying an additional 1,280 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $26.85, for a total transaction of $268,500.00. Following the sale, the chief executive officer directly owned 1,611,905 shares of the company's stock, valued at $43,279,649.25. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 11,366 shares of company stock worth $305,390. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD traded down $0.50 during trading on Thursday, hitting $29.53. The company had a trading volume of 185,821 shares, compared to its average volume of 199,221. The business's 50-day moving average is $27.81 and its 200 day moving average is $27.93. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $35.62. The company has a market cap of $750.95 million, a P/E ratio of 13.12 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its earnings results 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 net margin of 9.29% and a return on equity of 12.08%. The firm had revenue of $142.70 million for the quarter, compared to analyst estimates of $146.85 million. During the same period last year, the firm earned $0.48 earnings per share. Ethan Allen Interiors's revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.28%. The ex-dividend date was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 69.33%.

Analyst Upgrades and Downgrades

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

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.