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

Teacher Retirement System of Texas cut its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,633 shares of the company's stock after selling 40,392 shares during the period. Teacher Retirement System of Texas owned approximately 0.87% of Ethan Allen Interiors worth $6,112,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming purchased a new position in Ethan Allen Interiors in the 4th quarter valued at approximately $52,000. Hillsdale Investment Management Inc. grew its stake in shares of Ethan Allen Interiors by 213.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock worth $53,000 after buying an additional 1,280 shares during the last quarter. Quarry LP boosted its stake in Ethan Allen Interiors by 73.3% during the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after purchasing an additional 1,101 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Ethan Allen Interiors in the 4th quarter worth $112,000. Finally, Prosperity Consulting Group LLC grew its holdings in Ethan Allen Interiors by 35.1% during the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company's stock valued at $264,000 after purchasing an additional 2,440 shares during the period. Institutional investors own 83.80% of the company's stock.

Ethan Allen Interiors Trading Up 0.2%

Shares of ETD traded up $0.07 during midday trading on Tuesday, hitting $29.52. 180,161 shares of the company's stock traded hands, compared to its average volume of 278,116. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $35.62. The stock has a market capitalization of $750.69 million, a price-to-earnings ratio of 13.12 and a beta of 1.16. The firm's fifty day moving average is $27.30 and its 200-day moving average is $27.80.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced 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 business had revenue of $142.70 million for 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%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS. On average, equities research analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors's payout ratio is 69.33%.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $26.85, for a total transaction of $268,500.00. Following the sale, the chief executive officer owned 1,611,905 shares of the company's stock, valued at approximately $43,279,649.25. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 21,366 shares of company stock worth $568,490. 10.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.