EntryPoint Capital LLC Makes New $422,000 Investment in Ethan Allen Interiors Inc. (NYSE:ETD)

EntryPoint Capital LLC acquired a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) during the fourth quarter, HoldingsChannel reports. The firm acquired 15,024 shares of the company’s stock, valued at approximately $422,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royce & Associates LP boosted its holdings in Ethan Allen Interiors by 87.9% in the fourth quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock valued at $16,613,000 after purchasing an additional 276,534 shares in the last quarter. Jane Street Group LLC boosted 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 valued at $8,488,000 after buying an additional 232,015 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Ethan Allen Interiors by 17.9% in the 4th quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock valued at $18,162,000 after buying an additional 98,227 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of 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 buying an additional 91,602 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Ethan Allen Interiors by 13.0% during 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 in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on ETD shares. Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Price Performance

ETD stock opened at $27.76 on Wednesday. The company has a market cap of $705.94 million, a price-to-earnings ratio of 11.66 and a beta of 1.27. The company has a fifty day moving average price of $28.65 and a 200 day moving average price of $29.33. Ethan Allen Interiors Inc. has a 12 month low of $26.13 and a 12 month high of $35.62.

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, analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

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

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total transaction of $292,700.00. Following the completion of the sale, the chief executive officer now owns 1,641,905 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 30,000 shares of company stock valued at $846,400. 10.48% of the stock is owned by company insiders.

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.