American Century Companies Inc. Has $15.28 Million Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

American Century Companies Inc. lifted its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 547,959 shares of the company’s stock after buying an additional 72,767 shares during the quarter. American Century Companies Inc. owned about 2.16% of Ethan Allen Interiors worth $15,283,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP raised its holdings in Ethan Allen Interiors by 56.6% in the 4th quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock worth $24,896,000 after acquiring an additional 281,900 shares during the period. UBS Group AG increased its stake in shares of Ethan Allen Interiors by 56.8% in the fourth quarter. UBS Group AG now owns 444,933 shares of the company’s stock worth $14,202,000 after purchasing an additional 161,158 shares during the period. Heartland Advisors Inc. acquired a new position in shares of Ethan Allen Interiors during the 1st quarter worth about $5,490,000. Hodges Capital Management Inc. boosted its stake in Ethan Allen Interiors by 16.6% during the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock valued at $15,187,000 after purchasing an additional 77,565 shares during the period. Finally, First Eagle Investment Management LLC acquired a new stake in Ethan Allen Interiors in the 1st quarter valued at approximately $2,354,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a report on Wednesday, July 24th.

Ethan Allen Interiors Price Performance

NYSE ETD opened at $31.85 on Friday. The company’s fifty day moving average is $30.57 and its two-hundred day moving average is $30.25. The firm has a market capitalization of $809.37 million, a price-to-earnings ratio of 11.58 and a beta of 1.26. Ethan Allen Interiors Inc. has a 52-week low of $25.33 and a 52-week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. The business had revenue of $168.63 million during the quarter, compared to analyst estimates of $159.65 million. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. Ethan Allen Interiors’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Tuesday, August 13th. Ethan Allen Interiors’s payout ratio is 56.73%.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $30.36, for a total transaction of $303,600.00. Following the completion of the transaction, the chief executive officer now owns 1,712,319 shares in the company, valued at approximately $51,986,004.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 30,000 shares of company stock worth $931,500. Company insiders own 10.90% of the company’s stock.

About Ethan Allen Interiors

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.