Bank of America Corp DE Has $2.02 Million Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Bank of America Corp DE reduced its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,976 shares of the company's stock after selling 77,700 shares during the quarter. Bank of America Corp DE owned approximately 0.28% of Ethan Allen Interiors worth $2,023,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ETD. Royce & Associates LP raised its position in Ethan Allen Interiors by 87.9% during the fourth quarter. Royce & Associates LP now owns 590,993 shares of the company's stock valued at $16,613,000 after acquiring an additional 276,534 shares in the last quarter. Hodges Capital Management Inc. raised its position 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 acquiring an additional 98,227 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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. Teacher Retirement System of Texas raised its position in Ethan Allen Interiors by 54.1% during the fourth quarter. Teacher Retirement System of Texas now owns 261,025 shares of the company's stock valued at $7,337,000 after acquiring an additional 91,602 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Ethan Allen Interiors by 67.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 217,329 shares of the company's stock valued at $6,109,000 after acquiring an additional 87,278 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ethan Allen Interiors Stock Down 0.4%

Shares of NYSE:ETD traded down $0.11 during trading on Wednesday, reaching $26.40. The stock had a trading volume of 216,658 shares, compared to its average volume of 273,213. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $35.62. The firm has a market capitalization of $671.35 million, a price-to-earnings ratio of 11.09 and a beta of 1.20. The stock has a fifty day simple moving average of $26.95 and a two-hundred day simple moving average of $28.21.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. The firm had revenue of $142.70 million during the quarter, compared to the consensus estimate of $146.85 million. During the same period in the prior year, the business earned $0.48 EPS. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio is 69.33%.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $26.85, for a total value of $268,500.00. Following the transaction, the chief executive officer now owns 1,611,905 shares of the company's stock, valued at $43,279,649.25. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 31,366 shares of company stock valued at $835,490 over the last 90 days. 10.48% of the stock is currently owned by company insiders.

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.