First Eagle Investment Management LLC Increases Position in Ethan Allen Interiors Inc. (NYSE:ETD)

First Eagle Investment Management LLC lifted its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 37.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 196,461 shares of the company’s stock after buying an additional 53,270 shares during the period. First Eagle Investment Management LLC’s holdings in Ethan Allen Interiors were worth $5,523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $862,000. FMR LLC raised its holdings in shares of Ethan Allen Interiors by 421.3% in the 3rd quarter. FMR LLC now owns 18,943 shares of the company’s stock worth $604,000 after purchasing an additional 15,309 shares during the period. Barclays PLC raised its holdings in shares of Ethan Allen Interiors by 113.8% in the 3rd 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. bought a new stake in Ethan Allen Interiors during the 3rd quarter valued at $1,132,000. Finally, Assenagon Asset Management S.A. raised its holdings in Ethan Allen Interiors by 6.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock valued at $2,131,000 after acquiring an additional 4,267 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Transactions at Ethan Allen Interiors

In other 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 value of $292,700.00. Following the transaction, the chief executive officer now owns 1,641,905 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. Insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. 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 reissued a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $26.95 on Friday. The stock has a market cap of $685.31 million, a P/E ratio of 11.32 and a beta of 1.27. Ethan Allen Interiors Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $35.62. The firm’s fifty day moving average price is $28.70 and its 200-day moving average price is $29.51.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share 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%. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were issued a $0.39 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.79%. Ethan Allen Interiors’s payout ratio is currently 65.55%.

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.