Ethan Allen Interiors Inc. (NYSE:ETD) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 401,986 shares of the company’s stock after acquiring an additional 23,982 shares during the quarter. Northern Trust Corp owned about 1.58% of Ethan Allen Interiors worth $11,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. lifted its holdings in shares of Ethan Allen Interiors by 213.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock valued at $53,000 after buying an additional 1,280 shares during the period. Quarry LP lifted its holdings in shares of Ethan Allen Interiors by 73.3% in the 4th quarter. Quarry LP now owns 2,604 shares of the company’s stock valued at $73,000 after buying an additional 1,101 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Ethan Allen Interiors in the 4th quarter valued at about $112,000. Prosperity Consulting Group LLC lifted its holdings in shares of Ethan Allen Interiors by 35.1% in the 4th quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company’s stock valued at $264,000 after buying an additional 2,440 shares during the period. Finally, Arete Wealth Advisors LLC lifted its holdings in shares of Ethan Allen Interiors by 21.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company’s stock valued at $272,000 after buying an additional 1,688 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. The trade was a 0.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $822,800 in the last 90 days. Corporate insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Stock Up 0.1%

Shares of Ethan Allen Interiors stock opened at $27.57 on Friday. Ethan Allen Interiors Inc. has a twelve month low of $24.55 and a twelve month high of $35.62. The business has a 50-day moving average price of $27.20 and a 200 day moving average price of $28.41. The firm has a market cap of $701.00 million, a PE ratio of 11.58 and a beta of 1.20.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. The business had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $146.85 million. During the same quarter in the prior year, the firm earned $0.48 EPS. Ethan Allen Interiors’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 5.66%. Ethan Allen Interiors’s dividend payout ratio is presently 69.33%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating on shares of Ethan Allen Interiors in a report on Tuesday, May 6th.

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.