Jane Street Group LLC Raises Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Jane Street Group LLC lifted its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 283,596 shares of the company’s stock after acquiring an additional 17,435 shares during the period. Jane Street Group LLC’s holdings in Ethan Allen Interiors were worth $7,972,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Victory Capital Management Inc. boosted its stake in Ethan Allen Interiors by 11.0% during the fourth quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock worth $312,000 after buying an additional 1,097 shares during the last quarter. Barclays PLC grew its holdings in shares of Ethan Allen Interiors by 113.8% in the third quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after purchasing an additional 30,437 shares during the period. Assenagon Asset Management S.A. increased its position in Ethan Allen Interiors by 6.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock worth $2,131,000 after purchasing an additional 4,267 shares during the last quarter. New York State Common Retirement Fund raised its stake in Ethan Allen Interiors by 107.5% during the fourth quarter. New York State Common Retirement Fund now owns 19,493 shares of the company’s stock worth $548,000 after purchasing an additional 10,100 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Ethan Allen Interiors by 177.1% in the 4th quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company’s stock valued at $4,147,000 after purchasing an additional 94,287 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $26.70, for a total value of $267,000.00. Following the transaction, the chief executive officer now directly owns 1,631,905 shares in the company, valued at $43,571,863.50. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 30,000 shares of company stock valued at $822,800. Insiders own 10.48% of the company’s stock.

Analyst Ratings Changes

ETD has been the topic of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Ethan Allen Interiors in a research report on Tuesday. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Price Performance

Shares of ETD opened at $26.27 on Friday. The stock has a market cap of $668.00 million, a PE ratio of 11.04 and a beta of 1.20. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $35.62. The firm has a 50-day simple moving average of $27.26 and a two-hundred day simple moving average of $28.51.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. The business had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $146.85 million. During the same period in the previous year, the business posted $0.48 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.56 annualized dividend and a yield of 5.94%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 65.55%.

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.