American Century Companies Inc. Purchases 36,756 Shares of Ethan Allen Interiors Inc. $ETD

American Century Companies Inc. grew its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 4.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 874,727 shares of the company’s stock after acquiring an additional 36,756 shares during the quarter. American Century Companies Inc. owned about 3.44% of Ethan Allen Interiors worth $25,769,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETD. AQR Capital Management LLC grew its stake in shares of Ethan Allen Interiors by 1.5% in the 1st quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock worth $3,171,000 after buying an additional 1,655 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ethan Allen Interiors by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after acquiring an additional 538 shares during the last quarter. Jane Street Group LLC grew its position in Ethan Allen Interiors by 31.2% in the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after acquiring an additional 88,383 shares in the last quarter. Bank of New York Mellon Corp grew its position in Ethan Allen Interiors by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 416,033 shares of the company’s stock worth $11,587,000 after acquiring an additional 8,311 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Ethan Allen Interiors by 1.4% during the second quarter. First Eagle Investment Management LLC now owns 221,661 shares of the company’s stock worth $6,173,000 after acquiring an additional 3,000 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Ethan Allen Interiors Price Performance

Shares of ETD stock opened at $22.23 on Monday. The company has a market capitalization of $565.66 million, a P/E ratio of 12.92 and a beta of 1.19. The company’s 50-day simple moving average is $23.60 and its two-hundred day simple moving average is $25.41. Ethan Allen Interiors Inc. has a one year low of $21.67 and a one year high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.06. The firm had revenue of $149.92 million during the quarter, compared to the consensus estimate of $152.25 million. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 7.0%. Ethan Allen Interiors’s payout ratio is 90.70%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ETD shares. Telsey Advisory Group lowered their price objective on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a research note on Thursday, January 29th. Zacks Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Weiss Ratings upgraded shares of Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Ethan Allen Interiors from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Ethan Allen Interiors has an average rating of “Hold” and a consensus price target of $27.00.

Insider Buying and Selling at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the completion of the sale, the chief executive officer directly owned 1,483,228 shares in the company, valued at approximately $37,095,532.28. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.92% of the company’s stock.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.