First Eagle Investment Management LLC Grows Position in Ethan Allen Interiors Inc. $ETD

First Eagle Investment Management LLC raised its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 11.6% in the third quarter, Holdings Channel reports. The fund owned 247,461 shares of the company’s stock after buying an additional 25,800 shares during the period. First Eagle Investment Management LLC’s holdings in Ethan Allen Interiors were worth $7,290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETD. AQR Capital Management LLC lifted its position in shares of Ethan Allen Interiors by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock worth $3,171,000 after purchasing an additional 1,655 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ethan Allen Interiors by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after buying an additional 538 shares in the last quarter. Jane Street Group LLC raised its stake 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 valued at $10,304,000 after buying an additional 88,383 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Ethan Allen Interiors by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 416,033 shares of the company’s stock worth $11,587,000 after buying an additional 8,311 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its position in shares of Ethan Allen Interiors by 24.6% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 43,546 shares of the company’s stock worth $1,213,000 after acquiring an additional 8,593 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 2,168 shares of Ethan Allen Interiors stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $25.01, for a total value of $54,221.68. Following the transaction, the chief executive officer directly owned 1,483,228 shares in the company, valued at $37,095,532.28. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.92% of the stock is currently owned by corporate insiders.

Ethan Allen Interiors Price Performance

ETD stock opened at $22.52 on Wednesday. The company has a market cap of $573.13 million, a price-to-earnings ratio of 13.09 and a beta of 1.19. The company has a fifty day moving average price of $23.65 and a 200 day moving average price of $25.56. Ethan Allen Interiors Inc. has a 12 month low of $21.67 and a 12 month high of $31.41.

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

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Wednesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Wednesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is 90.70%.

Ethan Allen Interiors Profile

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.