Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,394 shares of the company’s stock after selling 1,302 shares during the period. New York State Teachers Retirement System owned approximately 0.17% of Ethan Allen Interiors worth $1,192,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $660,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Ethan Allen Interiors by 12.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,945 shares of the company’s stock worth $443,000 after buying an additional 1,502 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $328,000. Nisa Investment Advisors LLC increased its holdings in shares of Ethan Allen Interiors by 76.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,267 shares of the company’s stock worth $264,000 after buying an additional 3,583 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $862,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

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 transaction of $292,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,641,905 shares of the company’s stock, valued at approximately $48,058,559.35. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 10.48% of the company’s stock.

Wall Street Analyst Weigh In

ETD has been the subject of several research reports. Telsey Advisory Group reiterated 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 reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $28.49 on Monday. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The firm has a market capitalization of $724.48 million, a PE ratio of 11.97 and a beta of 1.31. The stock’s 50-day simple moving average is $28.88 and its 200-day simple moving average is $29.79.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly 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%. On average, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.48%. Ethan Allen Interiors’s dividend payout ratio is currently 65.55%.

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.