First Eagle Investment Management LLC Has $3.57 Million Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

First Eagle Investment Management LLC increased its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 88.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 128,091 shares of the company’s stock after purchasing an additional 59,999 shares during the period. First Eagle Investment Management LLC owned about 0.50% of Ethan Allen Interiors worth $3,572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ETD. First Trust Advisors LP grew its position in Ethan Allen Interiors by 56.6% during the fourth quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock valued at $24,896,000 after purchasing an additional 281,900 shares in the last quarter. UBS Group AG boosted its stake in shares of Ethan Allen Interiors by 56.8% during the 4th quarter. UBS Group AG now owns 444,933 shares of the company’s stock worth $14,202,000 after acquiring an additional 161,158 shares in the last quarter. Heartland Advisors Inc. acquired a new position in Ethan Allen Interiors during the first quarter valued at approximately $5,490,000. Hodges Capital Management Inc. raised its holdings in Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock worth $15,187,000 after acquiring an additional 77,565 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Ethan Allen Interiors by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock worth $15,283,000 after purchasing an additional 72,767 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $31.05, for a total value of $310,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,715,193 shares of the company’s stock, valued at $53,256,742.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 30,000 shares of company stock worth $931,500 in the last 90 days. Corporate insiders own 10.90% of the company’s stock.

Ethan Allen Interiors Trading Down 1.8 %

NYSE ETD opened at $31.85 on Friday. Ethan Allen Interiors Inc. has a 1-year low of $25.33 and a 1-year high of $35.62. The stock’s 50 day moving average is $30.57 and its two-hundred day moving average is $30.25. The company has a market capitalization of $809.37 million, a price-to-earnings ratio of 11.58 and a beta of 1.26.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. The business had revenue of $168.63 million during the quarter, compared to analysts’ expectations of $159.65 million. Ethan Allen Interiors had a net margin of 9.88% and a return on equity of 13.45%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. On average, analysts predict that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 13th were issued a $0.39 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.90%. Ethan Allen Interiors’s dividend payout ratio is 56.73%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a research note on Wednesday, July 24th.

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.