New York State Teachers Retirement System Sells 3,645 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

New York State Teachers Retirement System trimmed its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,296 shares of the company’s stock after selling 3,645 shares during the quarter. New York State Teachers Retirement System owned about 0.19% of Ethan Allen Interiors worth $1,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System bought a new stake in Ethan Allen Interiors during the 4th quarter worth about $204,000. Unison Advisors LLC raised its holdings in Ethan Allen Interiors by 2.9% during the 4th quarter. Unison Advisors LLC now owns 28,591 shares of the company’s stock worth $913,000 after purchasing an additional 796 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Ethan Allen Interiors by 6.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 66,868 shares of the company’s stock worth $2,134,000 after purchasing an additional 4,068 shares during the last quarter. Vest Financial LLC bought a new stake in Ethan Allen Interiors during the 4th quarter worth about $242,000. Finally, Ziegler Capital Management LLC raised its holdings in Ethan Allen Interiors by 4.8% during the 4th quarter. Ziegler Capital Management LLC now owns 32,055 shares of the company’s stock worth $1,023,000 after purchasing an additional 1,459 shares during the last quarter. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Price Performance

Shares of ETD stock opened at $30.92 on Wednesday. The stock has a market cap of $785.37 million, a PE ratio of 9.91 and a beta of 1.22. The stock has a 50-day moving average of $32.40 and a 200-day moving average of $30.23. Ethan Allen Interiors Inc. has a one year low of $24.76 and a one year high of $36.19.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings results on Wednesday, January 24th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). The company had revenue of $167.28 million during the quarter, compared to the consensus estimate of $179.20 million. Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The business’s revenue was down 17.7% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. As a group, research analysts anticipate that Ethan Allen Interiors Inc. will post 2.7 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Tuesday, February 6th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.66%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 46.15%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 25th.

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.