First Dallas Securities Inc. Has $3.41 Million Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

First Dallas Securities Inc. lifted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,285 shares of the company’s stock after purchasing an additional 4,003 shares during the period. Ethan Allen Interiors makes up about 1.4% of First Dallas Securities Inc.’s investment portfolio, making the stock its 20th biggest position. First Dallas Securities Inc. owned approximately 0.48% of Ethan Allen Interiors worth $3,409,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Hodges Capital Management Inc. lifted its position in shares of Ethan Allen Interiors by 17.9% during the fourth quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock worth $18,162,000 after purchasing an additional 98,227 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Ethan Allen Interiors by 0.6% in the third quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock valued at $17,179,000 after buying an additional 3,310 shares during the period. Jane Street Group LLC lifted its holdings in Ethan Allen Interiors by 679.5% in the third quarter. Jane Street Group LLC now owns 266,161 shares of the company’s stock valued at $8,488,000 after buying an additional 232,015 shares during the period. Millennium Management LLC lifted its holdings in Ethan Allen Interiors by 2,127.1% in the second quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock valued at $4,392,000 after buying an additional 150,409 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Ethan Allen Interiors by 2.3% in the second quarter. AQR Capital Management LLC now owns 78,036 shares of the company’s stock valued at $2,176,000 after buying an additional 1,783 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ETD shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $30.18 on Tuesday. The company has a 50 day moving average price of $29.18 and a two-hundred day moving average price of $29.87. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The company has a market capitalization of $767.45 million, a PE ratio of 12.68 and a beta of 1.31.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) 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%. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is 65.55%.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $28.67, for a total transaction of $286,700.00. Following the completion of the transaction, the chief executive officer now owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.48% of the stock is owned by 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.