Y Intercept Hong Kong Ltd Increases Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Y Intercept Hong Kong Ltd raised its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 77.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,042 shares of the company’s stock after buying an additional 5,263 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ethan Allen Interiors were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ETD. Sanctuary Advisors LLC increased its stake in shares of Ethan Allen Interiors by 2.4% in the 4th quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company’s stock worth $417,000 after purchasing an additional 342 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Ethan Allen Interiors by 6.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after purchasing an additional 650 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Ethan Allen Interiors by 3.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company’s stock worth $1,053,000 after purchasing an additional 1,065 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Ethan Allen Interiors by 13.4% in the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock worth $319,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Ethan Allen Interiors by 10.5% in the 4th quarter. Inspire Investing LLC now owns 14,235 shares of the company’s stock worth $400,000 after purchasing an additional 1,348 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were 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 owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. This represents a 0.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 10.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ETD has been the subject of several analyst reports. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, January 30th.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock opened at $27.86 on Tuesday. The company has a market capitalization of $708.35 million, a P/E ratio of 11.70 and a beta of 1.31. The company has a fifty day moving average of $28.83 and a 200 day moving average of $29.72. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62.

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

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.60%. The ex-dividend date was Tuesday, February 11th. 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.