Geode Capital Management LLC Raises Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Geode Capital Management LLC lifted its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 543,624 shares of the company’s stock after acquiring an additional 5,029 shares during the quarter. Geode Capital Management LLC owned 2.14% of Ethan Allen Interiors worth $15,285,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its position in Ethan Allen Interiors by 2.4% in the 4th quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company’s stock valued at $417,000 after buying an additional 342 shares during the period. Exchange Traded Concepts LLC grew its position 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 buying an additional 650 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Ethan Allen Interiors by 11.0% during the fourth quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock worth $312,000 after purchasing an additional 1,097 shares in the last quarter. Mainstay Capital Management LLC ADV raised its stake in Ethan Allen Interiors by 2.1% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 57,576 shares of the company’s stock valued at $1,618,000 after buying an additional 1,164 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Ethan Allen Interiors by 213.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock worth $53,000 after purchasing an additional 1,280 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Insider Buying and Selling

In other news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.70, for a total transaction of $267,000.00. Following the transaction, the chief executive officer now directly owns 1,631,905 shares in the company, valued at $43,571,863.50. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 30,000 shares of company stock worth $822,800 in the last 90 days. Company insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Stock Up 2.1 %

Ethan Allen Interiors stock opened at $26.47 on Monday. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $35.62. The firm has a market cap of $673.06 million, a PE ratio of 11.12 and a beta of 1.18. The company’s 50 day moving average is $27.57 and its two-hundred day moving average is $28.74.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. On average, equities research analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis 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%.

Analyst Ratings Changes

A number of equities analysts have weighed in on ETD shares. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, January 30th.

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.