JPMorgan Chase & Co. Acquires 94,287 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

JPMorgan Chase & Co. increased its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 177.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,525 shares of the company’s stock after purchasing an additional 94,287 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.58% of Ethan Allen Interiors worth $4,147,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Royce & Associates LP grew its holdings in Ethan Allen Interiors by 87.9% during the 4th quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock valued at $16,613,000 after buying an additional 276,534 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of Ethan Allen Interiors by 17.9% in the fourth quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock worth $18,162,000 after buying an additional 98,227 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Ethan Allen Interiors by 54.1% during the fourth quarter. Teacher Retirement System of Texas now owns 261,025 shares of the company’s stock valued at $7,337,000 after buying an additional 91,602 shares during the last quarter. American Century Companies Inc. grew its holdings in Ethan Allen Interiors by 13.0% during the 4th quarter. American Century Companies Inc. now owns 726,213 shares of the company’s stock valued at $20,414,000 after buying an additional 83,381 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Ethan Allen Interiors by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company’s stock worth $46,854,000 after acquiring an additional 68,957 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

ETD has been the subject of a number of recent research reports. Telsey Advisory Group reissued 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. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Stock Up 2.1 %

ETD opened at $26.47 on Friday. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $35.62. The business has a fifty day moving average of $27.57 and a 200 day moving average of $28.76. The stock has a market cap of $673.06 million, a P/E ratio of 11.12 and a beta of 1.18.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly 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%. Equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.89%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is currently 65.55%.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $26.31, for a total value of $263,100.00. Following the transaction, the chief executive officer now directly owns 1,621,905 shares of the company’s stock, valued at $42,672,320.55. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 30,000 shares of company stock worth $822,800 in the last ninety days. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Company 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.