First Dallas Securities Inc. Acquires 4,003 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

First Dallas Securities Inc. boosted its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,285 shares of the company’s stock after acquiring an additional 4,003 shares during the quarter. Ethan Allen Interiors accounts for about 1.4% of First Dallas Securities Inc.’s portfolio, making the stock its 20th largest position. First Dallas Securities Inc.’s holdings in Ethan Allen Interiors were worth $3,409,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Unison Advisors LLC grew its holdings in Ethan Allen Interiors by 1.4% during the 3rd quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock worth $946,000 after acquiring an additional 421 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in 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 acquiring an additional 543 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Ethan Allen Interiors by 6.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after acquiring an additional 650 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Ethan Allen Interiors by 3.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company’s stock worth $1,053,000 after acquiring an additional 1,065 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Ethan Allen Interiors by 13.4% during the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock worth $319,000 after acquiring an additional 1,180 shares during the last quarter. 83.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

ETD has been the topic of a number of research reports. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report 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

NYSE:ETD opened at $30.18 on Tuesday. The firm’s fifty day moving average is $29.18 and its 200-day moving average is $29.87. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The firm has a market cap of $767.45 million, a P/E ratio of 12.68 and a beta of 1.31.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.17%. The ex-dividend date is Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is presently 65.55%.

Insider Buying and Selling

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 transaction, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at $47,360,116.35. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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.