New York State Teachers Retirement System Sells 3,645 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

New York State Teachers Retirement System decreased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,296 shares of the company’s stock after selling 3,645 shares during the period. New York State Teachers Retirement System’s holdings in Ethan Allen Interiors were worth $1,574,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ETD. BlackRock Inc. bought a new position in Ethan Allen Interiors during the 1st quarter worth $114,406,000. Dimensional Fund Advisors LP bought a new position in Ethan Allen Interiors during the 1st quarter worth $47,398,000. Vanguard Group Inc. acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth $44,187,000. State Street Corp acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth $24,777,000. Finally, UBS Group AG acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth $23,880,000. Institutional investors own 83.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 25th.

Ethan Allen Interiors Stock Performance

ETD opened at $30.92 on Wednesday. The firm has a market cap of $785.37 million, a P/E ratio of 9.91 and a beta of 1.22. Ethan Allen Interiors Inc. has a 52-week low of $24.76 and a 52-week high of $36.19. The business’s fifty day moving average is $32.40 and its 200-day moving average is $30.23.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, January 24th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.09). The company had revenue of $167.28 million for the quarter, compared to analyst estimates of $179.20 million. Ethan Allen Interiors had a return on equity of 17.19% and a net margin of 11.37%. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. On average, research analysts predict that Ethan Allen Interiors Inc. will post 2.7 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Tuesday, February 6th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Monday, February 5th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 46.15%.

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.