Royce & Associates LP decreased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 579,543 shares of the company's stock after selling 11,450 shares during the quarter. Royce & Associates LP owned about 2.28% of Ethan Allen Interiors worth $16,053,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Ethan Allen Interiors by 13.0% during the fourth quarter. American Century Companies Inc. now owns 726,213 shares of the company's stock worth $20,414,000 after purchasing an additional 83,381 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Ethan Allen Interiors in the 4th quarter worth $112,000. Vanguard Group Inc. boosted its holdings in shares of Ethan Allen Interiors by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company's stock valued at $46,854,000 after acquiring an additional 68,957 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Ethan Allen Interiors by 8.7% in the fourth quarter. WINTON GROUP Ltd now owns 37,318 shares of the company's stock valued at $1,049,000 after acquiring an additional 2,983 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Ethan Allen Interiors by 177.1% during the fourth quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company's stock worth $4,147,000 after purchasing an additional 94,287 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company's stock.
Analyst Ratings Changes
Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Friday.
Get Our Latest Stock Analysis on Ethan Allen Interiors
Insiders Place Their Bets
In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Monday, May 19th. The stock was sold at an average price of $26.85, for a total value of $268,500.00. Following the transaction, the chief executive officer owned 1,611,905 shares in the company, valued at approximately $43,279,649.25. This trade represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 11,366 shares of company stock worth $305,390 over the last quarter. Company insiders own 10.48% of the company's stock.
Ethan Allen Interiors Price Performance
Ethan Allen Interiors stock traded up $0.21 during mid-day trading on Friday, reaching $29.81. The company had a trading volume of 148,825 shares, compared to its average volume of 198,500. The company has a market capitalization of $758.04 million, a P/E ratio of 13.25 and a beta of 1.16. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $35.62. The stock's 50-day simple moving average is $27.86 and its 200-day simple moving average is $27.94.
Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). The company had revenue of $142.70 million during the quarter, compared to analysts' expectations of $146.85 million. Ethan Allen Interiors had a net margin of 9.29% and a return on equity of 12.08%. Ethan Allen Interiors's quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. On average, equities analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.
Ethan Allen Interiors Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio (DPR) is 69.33%.
Ethan Allen Interiors Company Profile
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Free Report)
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.
Further Reading
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