Ethan Allen Interiors Inc. (NYSE:ETD) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 78.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,930 shares of the company's stock after purchasing an additional 67,884 shares during the quarter. Rhumbline Advisers owned about 0.61% of Ethan Allen Interiors worth $4,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 1,097 shares during the period. Barclays PLC grew its stake in Ethan Allen Interiors by 113.8% during the third quarter. Barclays PLC now owns 57,174 shares of the company's stock worth $1,824,000 after buying an additional 30,437 shares during the period. New York State Common Retirement Fund boosted its holdings in Ethan Allen Interiors by 107.5% in the 4th quarter. New York State Common Retirement Fund now owns 19,493 shares of the company's stock worth $548,000 after acquiring an additional 10,100 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Ethan Allen Interiors by 177.1% during the fourth quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company's stock valued at $4,147,000 after acquiring an additional 94,287 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Ethan Allen Interiors by 107.5% during the fourth quarter. Intech Investment Management LLC now owns 19,832 shares of the company's stock worth $557,000 after purchasing an additional 10,274 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $26.25 on Friday. The firm's 50 day simple moving average is $26.89 and its 200-day simple moving average is $28.05. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $35.62. The company has a market cap of $667.64 million, a P/E ratio of 11.03 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.38 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 business posted $0.48 earnings per share. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors's payout ratio is presently 69.33%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $26.70, for a total value of $267,000.00. Following the transaction, the chief executive officer now directly owns 1,631,905 shares of the company's stock, valued at approximately $43,571,863.50. This trade represents a 0.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 31,366 shares of company stock worth $835,490 in the last 90 days. 10.48% of the stock is owned by 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.

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