EntryPoint Capital LLC Takes Position in Ethan Allen Interiors Inc. (NYSE:ETD)

EntryPoint Capital LLC purchased a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,024 shares of the company’s stock, valued at approximately $422,000. EntryPoint Capital LLC owned 0.06% of Ethan Allen Interiors at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Royce & Associates LP boosted its stake in Ethan Allen Interiors by 87.9% during the fourth quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock worth $16,613,000 after buying an additional 276,534 shares during the period. Jane Street Group LLC lifted its holdings in shares of Ethan Allen Interiors by 679.5% in the 3rd quarter. Jane Street Group LLC now owns 266,161 shares of the company’s stock worth $8,488,000 after acquiring an additional 232,015 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Ethan Allen Interiors by 17.9% during the 4th 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 during the period. Teacher Retirement System of Texas increased its holdings in Ethan Allen Interiors by 54.1% in the 4th quarter. Teacher Retirement System of Texas now owns 261,025 shares of the company’s stock valued at $7,337,000 after purchasing an additional 91,602 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Ethan Allen Interiors by 13.0% in the 4th quarter. American Century Companies Inc. now owns 726,213 shares of the company’s stock valued at $20,414,000 after purchasing an additional 83,381 shares during the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Performance

Shares of ETD stock opened at $27.76 on Wednesday. Ethan Allen Interiors Inc. has a fifty-two week low of $26.13 and a fifty-two week high of $35.62. The company has a 50 day moving average price of $28.65 and a 200 day moving average price of $29.33. The stock has a market capitalization of $705.94 million, a P/E ratio of 11.66 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results 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 return on equity of 12.62% and a net margin of 9.76%. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 annualized dividend and a yield of 5.62%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 65.55%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total transaction of $292,700.00. Following the sale, the chief executive officer now directly owns 1,641,905 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 30,000 shares of company stock valued at $846,400 in the last quarter. Corporate insiders own 10.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ETD shares. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. 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, January 30th.

About Ethan Allen Interiors

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.