EMC Capital Management Buys 2,673 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

EMC Capital Management grew its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 31.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,202 shares of the company’s stock after purchasing an additional 2,673 shares during the quarter. EMC Capital Management’s holdings in Ethan Allen Interiors were worth $315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in Ethan Allen Interiors in the third quarter worth about $862,000. FMR LLC boosted its position in shares of Ethan Allen Interiors by 421.3% during the third quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after purchasing an additional 15,309 shares in the last quarter. Barclays PLC grew its stake in Ethan Allen Interiors by 113.8% in the third quarter. Barclays PLC now owns 57,174 shares of the company’s stock worth $1,824,000 after purchasing an additional 30,437 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ethan Allen Interiors during the third quarter valued at $1,132,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Ethan Allen Interiors by 0.6% during the 3rd 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 in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Ethan Allen Interiors Trading Up 7.9 %

NYSE ETD opened at $30.83 on Thursday. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62. The stock’s fifty day moving average price is $29.12 and its 200-day moving average price is $29.87. The stock has a market cap of $784.01 million, a P/E ratio of 12.31 and a beta of 1.31.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.12%. As a group, analysts forecast that Ethan Allen Interiors Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity 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 stock was sold at an average price of $28.67, for a total transaction of $286,700.00. Following the sale, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at $47,360,116.35. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 10.48% of the stock is owned by insiders.

Ethan Allen Interiors Company 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.