Royce & Associates LP Has $16.61 Million Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Royce & Associates LP lifted its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 87.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 590,993 shares of the company’s stock after purchasing an additional 276,534 shares during the quarter. Royce & Associates LP owned 2.32% of Ethan Allen Interiors worth $16,613,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its holdings in shares of Ethan Allen Interiors by 37.2% in the fourth quarter. First Eagle Investment Management LLC now owns 196,461 shares of the company’s stock worth $5,523,000 after buying an additional 53,270 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ethan Allen Interiors by 27.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,104 shares of the company’s stock worth $1,268,000 after purchasing an additional 9,592 shares during the period. Victory Capital Management Inc. grew its position in Ethan Allen Interiors by 11.0% during the 4th quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock worth $312,000 after purchasing an additional 1,097 shares in the last quarter. Illumine Investment Management LLC acquired a new stake in Ethan Allen Interiors during the 4th quarter valued at $420,000. Finally, Denali Advisors LLC purchased a new stake in shares of Ethan Allen Interiors in the fourth quarter valued at $1,009,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total transaction of $292,700.00. Following the transaction, the chief executive officer now owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Trading Up 2.3 %

NYSE ETD opened at $26.95 on Monday. Ethan Allen Interiors Inc. has a 1-year low of $26.13 and a 1-year high of $35.62. The firm’s fifty day simple moving average is $28.70 and its 200-day simple moving average is $29.49. The company has a market capitalization of $685.31 million, a PE ratio of 11.32 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors’s payout ratio is presently 65.55%.

Analyst Ratings Changes

Several research firms recently weighed in on ETD. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, January 30th. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

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.