Total Wealth Planning & Management Inc. Purchases New Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Total Wealth Planning & Management Inc. purchased a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,248 shares of the company's stock, valued at approximately $401,000. Total Wealth Planning & Management Inc. owned approximately 0.06% of Ethan Allen Interiors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ETD. State of Wyoming acquired a new stake in shares of Ethan Allen Interiors during the 4th quarter valued at about $52,000. Hillsdale Investment Management Inc. grew its holdings in Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock valued at $53,000 after purchasing an additional 1,280 shares during the period. Quarry LP boosted its holdings in shares of Ethan Allen Interiors by 73.3% in the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after buying an additional 1,101 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Ethan Allen Interiors during the fourth quarter worth $112,000. Finally, Prosperity Consulting Group LLC boosted 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 worth $264,000 after purchasing an additional 2,440 shares during the last quarter. Institutional investors own 83.80% of the company's stock.

Insider Buying and Selling

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $26.31, for a total transaction of $263,100.00. Following the completion of the sale, the chief executive officer now directly owns 1,621,905 shares in the company, valued at approximately $42,672,320.55. This trade represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 31,366 shares of company stock valued at $835,490. 10.48% of the stock is owned by insiders.

Analyst Ratings Changes

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

Ethan Allen Interiors Price Performance

NYSE:ETD traded up $0.21 on Thursday, reaching $26.44. 233,861 shares of the company's stock were exchanged, compared to its average volume of 272,434. The firm has a market cap of $672.37 million, a price-to-earnings ratio of 11.11 and a beta of 1.20. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $35.62. The stock has a fifty day simple moving average of $27.09 and a 200-day simple moving average of $28.30.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate 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 return on equity of 12.62% and a net margin of 9.76%. The company's revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share. As a group, sell-side analysts predict 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 will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.90%. The ex-dividend date of this dividend is Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 69.33%.

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.