Prosperity Consulting Group LLC Grows Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Prosperity Consulting Group LLC grew its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 35.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,388 shares of the company’s stock after buying an additional 2,440 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Ethan Allen Interiors were worth $264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Ethan Allen Interiors by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company’s stock worth $46,854,000 after purchasing an additional 68,957 shares during the last quarter. American Century Companies Inc. raised 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 worth $20,414,000 after acquiring an additional 83,381 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in Ethan Allen Interiors by 17.9% in the 4th quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock worth $18,162,000 after acquiring an additional 98,227 shares during the last quarter. Royce & Associates LP raised its holdings in Ethan Allen Interiors by 87.9% in the 4th quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock worth $16,613,000 after acquiring an additional 276,534 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Ethan Allen Interiors by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 543,624 shares of the company’s stock worth $15,285,000 after purchasing an additional 5,029 shares during the period. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock opened at $28.59 on Tuesday. The stock has a market cap of $727.04 million, a price-to-earnings ratio of 12.01 and a beta of 1.18. The stock has a 50 day moving average price of $27.38 and a 200-day moving average price of $28.64. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last released its 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 net margin of 9.76% and a return on equity of 12.62%. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 65.55%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ETD. Telsey Advisory Group reissued a “market perform” rating and issued 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.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total transaction 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 trade represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 30,000 shares of company stock worth $822,800. Company insiders own 10.48% of the company’s stock.

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.