Principal Financial Group Inc. Increases Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

Principal Financial Group Inc. boosted its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,715 shares of the company’s stock after purchasing an additional 2,960 shares during the quarter. Principal Financial Group Inc. owned approximately 0.44% of Ethan Allen Interiors worth $3,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State of Wyoming bought a new position in shares of Ethan Allen Interiors during the 4th quarter valued at $52,000. Hillsdale Investment Management Inc. increased its stake in shares of Ethan Allen Interiors by 213.3% during the fourth 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 increased its stake in shares of Ethan Allen Interiors by 73.3% during the fourth 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 purchased a new stake in Ethan Allen Interiors in the fourth quarter worth $112,000. Finally, Prosperity Consulting Group LLC grew its stake in Ethan Allen Interiors by 35.1% in the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company’s stock worth $264,000 after purchasing an additional 2,440 shares during the period. Institutional investors own 83.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD opened at $28.98 on Friday. The company has a market cap of $736.96 million, a P/E ratio of 12.88 and a beta of 1.16. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $35.62. The stock’s fifty day moving average price is $27.63 and its 200-day moving average price is $27.88.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Monday, May 5th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $142.70 million during the quarter, compared to the consensus estimate of $146.85 million. Ethan Allen Interiors had a net margin of 9.29% and a return on equity of 12.08%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. On average, sell-side analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Thursday, May 15th. Ethan Allen Interiors’s dividend payout ratio is currently 69.33%.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $26.85, for a total transaction of $268,500.00. Following the completion of the transaction, the chief executive officer owned 1,611,905 shares in the company, valued at $43,279,649.25. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 11,366 shares of company stock worth $305,390 in the last three months. Company insiders own 10.48% of the company’s stock.

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.