Teacher Retirement System of Texas Cuts Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

Teacher Retirement System of Texas cut its holdings in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 15.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,633 shares of the company's stock after selling 40,392 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.87% of Ethan Allen Interiors worth $6,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETD. Vanguard Group Inc. grew its holdings in shares of Ethan Allen Interiors by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company's stock valued at $46,854,000 after buying an additional 68,957 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Ethan Allen Interiors by 13.0% during the 4th quarter. American Century Companies Inc. now owns 726,213 shares of the company's stock valued at $20,414,000 after buying an additional 83,381 shares in the last quarter. Royce & Associates LP lifted its holdings 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 purchasing an additional 276,534 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ethan Allen Interiors by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 543,624 shares of the company's stock valued at $15,285,000 after buying an additional 5,029 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in Ethan Allen Interiors by 0.9% in the 4th quarter. LSV Asset Management now owns 533,500 shares of the company's stock worth $14,997,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Stock Up 0.8%

Ethan Allen Interiors stock traded up $0.25 during mid-day trading on Thursday, reaching $30.34. 253,887 shares of the company's stock traded hands, compared to its average volume of 278,649. The company has a market cap of $771.55 million, a price-to-earnings ratio of 13.48 and a beta of 1.16. The stock has a 50 day moving average of $27.35 and a two-hundred day moving average of $27.83. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data 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). Ethan Allen Interiors had a net margin of 9.29% and a return on equity of 12.08%. The company had revenue of $142.70 million for the quarter, compared to analysts' expectations of $146.85 million. During the same quarter last year, the company earned $0.48 earnings per share. The company's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 69.33%.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,611,905 shares in the company, valued at approximately $43,279,649.25. This represents a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 21,366 shares of company stock valued at $568,490. Corporate insiders own 10.48% of the company's stock.

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.

Ethan Allen Interiors 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.