JPMorgan Chase & Co. Has $1.70 Million Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

JPMorgan Chase & Co. raised its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,238 shares of the company’s stock after buying an additional 2,267 shares during the period. JPMorgan Chase & Co. owned about 0.21% of Ethan Allen Interiors worth $1,698,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Public Sector Pension Investment Board raised its stake in Ethan Allen Interiors by 6.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 50,279 shares of the company’s stock valued at $1,402,000 after acquiring an additional 2,839 shares during the period. AQR Capital Management LLC increased its holdings in shares of Ethan Allen Interiors by 2.3% in the second quarter. AQR Capital Management LLC now owns 78,036 shares of the company’s stock valued at $2,176,000 after purchasing an additional 1,783 shares during the last quarter. Millennium Management LLC raised its position in shares of Ethan Allen Interiors by 2,127.1% in the second quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock valued at $4,392,000 after purchasing an additional 150,409 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after buying an additional 543 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Ethan Allen Interiors during the 2nd quarter worth about $373,000. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock opened at $28.23 on Thursday. The firm has a 50-day moving average of $29.15 and a 200-day moving average of $29.82. Ethan Allen Interiors Inc. has a 52-week low of $26.53 and a 52-week high of $35.62. The stock has a market cap of $717.97 million, a PE ratio of 11.43 and a beta of 1.31.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Insider Buying and Selling at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at $47,360,116.35. The trade was a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 10.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, October 31st.

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.