New York State Common Retirement Fund Raises Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

New York State Common Retirement Fund lifted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 56.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,593 shares of the company’s stock after purchasing an additional 11,100 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Ethan Allen Interiors worth $847,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State of Wyoming purchased a new stake in Ethan Allen Interiors during the fourth quarter worth $52,000. Quarry LP grew its stake in Ethan Allen Interiors by 73.3% in the fourth quarter. Quarry LP now owns 2,604 shares of the company’s stock valued at $73,000 after purchasing an additional 1,101 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Ethan Allen Interiors in the fourth quarter worth about $112,000. Prosperity Consulting Group LLC boosted 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 in the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in shares of Ethan Allen Interiors by 21.1% during the 4th quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company’s stock worth $272,000 after acquiring an additional 1,688 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $29.81 on Friday. The company has a market capitalization of $758.04 million, a PE ratio of 13.25 and a beta of 1.16. The company’s fifty day moving average price is $27.86 and its 200 day moving average price is $27.94. Ethan Allen Interiors Inc. has a 1 year low of $24.55 and a 1 year high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data 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). Ethan Allen Interiors had a return on equity of 12.08% and a net margin of 9.29%. The company had revenue of $142.70 million for the quarter, compared to analyst estimates of $146.85 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The business’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed 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 yield of 5.23%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors’s payout ratio is currently 69.33%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Friday.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 1,611,905 shares of the company’s stock, valued at $43,279,649.25. This trade represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 11,366 shares of company stock worth $305,390 over the last quarter. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors 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.