Intech Investment Management LLC Has $2.11 Million Holdings in Ethan Allen Interiors Inc. $ETD

Key Points

• Intech Investment Management LLC significantly increased its stake in Ethan Allen Interiors by 283.7%, owning a total of 76,086 shares valued at approximately $2.1 million.
• Other institutional investors have also made substantial changes, with IFP Advisors Inc raising its holdings by 12,857.1% during the first quarter.
• Ethan Allen Interiors declared a quarterly dividend of $0.39 per share, reflecting an annualized dividend yield of 5.4%.

Intech Investment Management LLC boosted its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 283.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,086 shares of the company's stock after purchasing an additional 56,254 shares during the quarter. Intech Investment Management LLC owned about 0.30% of Ethan Allen Interiors worth $2,108,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Unison Advisors LLC lifted its stake in shares of Ethan Allen Interiors by 1.4% in the 1st quarter. Unison Advisors LLC now owns 30,872 shares of the company's stock valued at $855,000 after purchasing an additional 414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ethan Allen Interiors by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company's stock worth $366,000 after acquiring an additional 448 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in shares of Ethan Allen Interiors by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company's stock valued at $801,000 after buying an additional 463 shares in the last quarter. HighTower Advisors LLC raised its position in Ethan Allen Interiors by 6.9% in the 1st quarter. HighTower Advisors LLC now owns 8,129 shares of the company's stock worth $225,000 after purchasing an additional 522 shares during the period. Finally, Gotham Asset Management LLC boosted its stake in Ethan Allen Interiors by 5.8% in the fourth quarter. Gotham Asset Management LLC now owns 10,237 shares of the company's stock valued at $288,000 after acquiring an additional 561 shares in the last quarter. Institutional investors own 83.80% of the company's stock.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $29.37, for a total value of $440,550.00. Following the transaction, the chief executive officer owned 1,598,652 shares in the company, valued at $46,952,409.24. The trade was a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.48% of the company's stock.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD traded up $0.01 during midday trading on Wednesday, hitting $29.14. 244,878 shares of the stock were exchanged, compared to its average volume of 279,980. Ethan Allen Interiors Inc. has a 12 month low of $24.55 and a 12 month high of $33.77. The business's 50-day moving average price is $29.55 and its 200 day moving average price is $28.07. The stock has a market capitalization of $741.06 million, a price-to-earnings ratio of 14.50 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The business had revenue of $160.36 million for the quarter, compared to analyst estimates of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.Ethan Allen Interiors's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were given a $0.39 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.4%. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 77.61%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Ethan Allen Interiors currently has an average rating of "Hold" and an average price target of $30.00.

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.