Victory Capital Management Inc. Purchases 1,097 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Victory Capital Management Inc. grew its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 11.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,101 shares of the company’s stock after purchasing an additional 1,097 shares during the quarter. Victory Capital Management Inc.’s holdings in Ethan Allen Interiors were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Illumine Investment Management LLC bought a new position in shares of Ethan Allen Interiors in the fourth quarter worth approximately $420,000. Denali Advisors LLC bought a new position in shares of Ethan Allen Interiors in the fourth quarter worth approximately $1,009,000. Bank of New York Mellon Corp boosted its position in shares of Ethan Allen Interiors by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 421,596 shares of the company’s stock worth $11,851,000 after purchasing an additional 12,595 shares during the period. Mainstay Capital Management LLC ADV boosted its position in shares of Ethan Allen Interiors by 2.1% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 57,576 shares of the company’s stock worth $1,618,000 after purchasing an additional 1,164 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Ethan Allen Interiors by 77.6% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 12,042 shares of the company’s stock worth $339,000 after purchasing an additional 5,263 shares during the period. 83.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $27.45 on Friday. The firm has a fifty day moving average price of $28.65 and a 200 day moving average price of $29.36. Ethan Allen Interiors Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $35.62. The firm has a market cap of $697.98 million, a price-to-earnings ratio of 11.53 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 analysts’ consensus estimates 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, research analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s payout ratio is 65.55%.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’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 sale, the chief executive officer now owns 1,641,905 shares of the company’s stock, valued at $48,058,559.35. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 30,000 shares of company stock valued at $846,400 over the last 90 days. 10.48% of the stock is owned by corporate 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.