Ethan Allen Interiors Inc. (NYSE:ETD) Shares Purchased by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 21.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,706 shares of the company’s stock after buying an additional 1,688 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Ethan Allen Interiors were worth $272,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ETD. Vanguard Group Inc. grew its holdings in shares of Ethan Allen Interiors by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company’s stock valued at $46,854,000 after purchasing an additional 68,957 shares during the period. American Century Companies Inc. increased 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 buying an additional 83,381 shares during the last quarter. Hodges Capital Management Inc. raised its position in shares of Ethan Allen Interiors by 17.9% during 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. Royce & Associates LP lifted its holdings in 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 acquiring an additional 276,534 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Ethan Allen Interiors by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 543,624 shares of the company’s stock worth $15,285,000 after acquiring an additional 5,029 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Up 3.2 %

Shares of NYSE ETD opened at $26.63 on Monday. The business’s 50 day moving average is $28.44 and its two-hundred day moving average is $29.16. Ethan Allen Interiors Inc. has a 52-week low of $24.83 and a 52-week high of $35.62. The firm has a market cap of $677.18 million, a price-to-earnings ratio of 11.19 and a beta of 1.18.

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

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.86%. Ethan Allen Interiors’s dividend payout ratio is presently 65.55%.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,641,905 shares in the company, valued at approximately $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 accessible through this hyperlink. Over the last quarter, insiders sold 30,000 shares of company stock valued at $846,400. 10.48% of the stock is currently owned by company insiders.

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.