Teacher Retirement System of Texas Sells 40,392 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Teacher Retirement System of Texas reduced its position 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 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ETD. Royce & Associates LP lifted its holdings in Ethan Allen Interiors by 87.9% during the 4th quarter. Royce & Associates LP now owns 590,993 shares of the company's stock worth $16,613,000 after purchasing an additional 276,534 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Ethan Allen Interiors by 177.1% during the 4th 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 during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ethan Allen Interiors during the 4th quarter worth approximately $2,480,000. Arrowstreet Capital Limited Partnership lifted its holdings in Ethan Allen Interiors by 67.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 217,329 shares of the company's stock worth $6,109,000 after purchasing an additional 87,278 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Ethan Allen Interiors by 36.3% in the 4th quarter. Renaissance Technologies LLC now owns 315,900 shares of the company's stock valued at $8,880,000 after acquiring an additional 84,100 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 21,366 shares of company stock valued at $568,490. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Price Performance

ETD stock traded up $0.63 during midday trading on Wednesday, reaching $30.12. 191,979 shares of the stock were exchanged, compared to its average volume of 278,748. The stock has a market capitalization of $765.95 million, a PE ratio of 13.39 and a beta of 1.16. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $35.62. The company has a fifty day moving average price of $27.31 and a 200 day moving average price of $27.81.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.38 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 during the quarter, compared to the consensus estimate of $146.85 million. During the same quarter last year, the firm posted $0.48 EPS. The company's quarterly revenue was down 2.5% on a year-over-year basis. As a group, analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio is 69.33%.

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.