Ethan Allen Interiors Inc. (NYSE:ETD) Stake Boosted by Fmr LLC

Fmr LLC increased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 421.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,943 shares of the company’s stock after buying an additional 15,309 shares during the quarter. Fmr LLC’s holdings in Ethan Allen Interiors were worth $604,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Miller Howard Investments Inc. NY increased its position in Ethan Allen Interiors by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company’s stock worth $489,000 after purchasing an additional 371 shares during the last quarter. Unison Advisors LLC lifted its stake in Ethan Allen Interiors by 1.4% in the third quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock valued at $946,000 after acquiring an additional 421 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Ethan Allen Interiors by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock worth $718,000 after acquiring an additional 537 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after purchasing an additional 543 shares during the last quarter. Finally, Cim LLC lifted its stake in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Down 4.1 %

NYSE:ETD opened at $28.70 on Thursday. The company’s 50 day moving average is $29.74 and its 200-day moving average is $29.71. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62. The firm has a market cap of $729.84 million, a price-to-earnings ratio of 11.62 and a beta of 1.30.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is 63.16%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, October 31st.

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 Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the sale, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.48% of the company’s stock.

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.