TrueMark Investments LLC Trims Position in Ethan Allen Interiors Inc. (NYSE:ETD)

TrueMark Investments LLC reduced its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 44.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,951 shares of the company’s stock after selling 6,443 shares during the period. TrueMark Investments LLC’s holdings in Ethan Allen Interiors were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Royce & Associates LP grew its position in shares of Ethan Allen Interiors by 87.9% in 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 during the period. Jane Street Group LLC grew its holdings in Ethan Allen Interiors by 679.5% in the 3rd quarter. Jane Street Group LLC now owns 266,161 shares of the company’s stock valued at $8,488,000 after buying an additional 232,015 shares during the period. Hodges Capital Management Inc. grew its holdings in Ethan Allen Interiors by 17.9% in the 4th quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock valued at $18,162,000 after buying an additional 98,227 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Ethan Allen Interiors by 54.1% during the 4th quarter. Teacher Retirement System of Texas now owns 261,025 shares of the company’s stock valued at $7,337,000 after acquiring an additional 91,602 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings 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 worth $20,414,000 after acquiring an additional 83,381 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD opened at $27.73 on Thursday. The business has a 50-day moving average of $28.63 and a two-hundred day moving average of $29.32. The firm has a market capitalization of $705.22 million, a PE ratio of 11.65 and a beta of 1.27. Ethan Allen Interiors Inc. has a 12 month low of $26.13 and a 12 month high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, research analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is presently 65.55%.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now directly owns 1,641,905 shares of the company’s stock, valued at $48,058,559.35. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 30,000 shares of company stock worth $846,400. 10.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

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.