Teacher Retirement System of Texas Has $7.11 Million Stock Holdings in Ethan Allen Interiors Inc. $ETD

Key Points

• Teacher Retirement System of Texas raised its stake in Ethan Allen Interiors by 34.9% in Q4 and now owns 311,066 shares worth about $7.11 million, representing roughly 1.22% of the company.
• The stock has heavy institutional ownership—about 83.80%—with several funds (e.g., Tower Research, CWM, AlphaQuest) increasing their positions in recent quarters.
• Ethan Allen trades near $22.42 with a Hold consensus and a $27 price target; it has a P/E of 13.03 and pays a 7.0% dividend yield

Teacher Retirement System of Texas raised its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 311,066 shares of the company's stock after purchasing an additional 80,529 shares during the quarter. Teacher Retirement System of Texas owned 1.22% of Ethan Allen Interiors worth $7,105,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ETD. Tower Research Capital LLC TRC boosted its stake in Ethan Allen Interiors by 365.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company's stock valued at $85,000 after buying an additional 2,398 shares in the last quarter. CWM LLC increased its position in Ethan Allen Interiors by 391.4% during the 3rd quarter. CWM LLC now owns 4,236 shares of the company's stock worth $125,000 after purchasing an additional 3,374 shares in the last quarter. AlphaQuest LLC increased its position in Ethan Allen Interiors by 106.0% during the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company's stock worth $135,000 after purchasing an additional 2,359 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Ethan Allen Interiors by 76.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company's stock worth $120,000 after purchasing an additional 2,267 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ethan Allen Interiors by 38.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,677 shares of the company's stock worth $130,000 after purchasing an additional 1,565 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ETD has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Ethan Allen Interiors from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 15th. Telsey Advisory Group lowered their price objective on shares of Ethan Allen Interiors from $28.00 to $27.00 and set a "market perform" rating for the company in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of Ethan Allen Interiors from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Ethan Allen Interiors from a "sell" rating to a "hold" rating in a research report on Sunday, March 1st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $27.00.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $22.42 on Monday. Ethan Allen Interiors Inc. has a 52-week low of $21.20 and a 52-week high of $31.41. The firm has a 50 day moving average price of $22.48 and a two-hundred day moving average price of $23.69. The stock has a market cap of $570.59 million, a P/E ratio of 13.03 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. The firm had revenue of $149.92 million during the quarter, compared to analysts' expectations of $152.25 million. During the same period in the prior year, the company posted $0.59 EPS. The company's revenue was down 4.7% on a year-over-year basis. Analysts predict that Ethan Allen Interiors Inc. will post 1.54 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Wednesday, February 11th. Ethan Allen Interiors's payout ratio is currently 90.70%.

Ethan Allen Interiors Profile

Ethan Allen Interiors Inc NYSE: ETD is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.

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