New York State Teachers Retirement System Sells 2,500 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

New York State Teachers Retirement System lessened its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 5.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,696 shares of the company’s stock after selling 2,500 shares during the quarter. New York State Teachers Retirement System owned about 0.17% of Ethan Allen Interiors worth $1,393,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of Ethan Allen Interiors by 2,127.1% during the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after buying an additional 150,409 shares during the period. Hodges Capital Management Inc. grew its holdings in Ethan Allen Interiors by 16.6% during the second 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. American Century Companies Inc. increased its stake in Ethan Allen Interiors by 15.3% in the second quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock valued at $15,283,000 after purchasing an additional 72,767 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in Ethan Allen Interiors in the first quarter worth $2,354,000. Finally, First Dallas Securities Inc. boosted its position in shares of Ethan Allen Interiors by 54.0% during the second quarter. First Dallas Securities Inc. now owns 113,228 shares of the company’s stock worth $3,157,000 after purchasing an additional 39,702 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Price Performance

NYSE ETD opened at $29.08 on Friday. Ethan Allen Interiors Inc. has a one year low of $25.33 and a one year high of $35.62. The firm has a market cap of $739.50 million, a P/E ratio of 11.77 and a beta of 1.27. The stock’s 50-day moving average is $30.25 and its 200-day moving average is $29.61.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.36%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $30.36, for a total transaction of $303,600.00. Following the sale, the chief executive officer now directly owns 1,712,319 shares in the company, valued at $51,986,004.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $929,700. 10.48% of the stock is currently owned by corporate insiders.

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.