Hodges Capital Management Inc. Increases Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Hodges Capital Management Inc. grew its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 17.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 646,084 shares of the company’s stock after purchasing an additional 98,227 shares during the period. Ethan Allen Interiors makes up approximately 1.1% of Hodges Capital Management Inc.’s holdings, making the stock its 27th largest position. Hodges Capital Management Inc. owned approximately 2.54% of Ethan Allen Interiors worth $18,162,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Ethan Allen Interiors by 0.6% during the third quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock valued at $17,179,000 after buying an additional 3,310 shares during the last quarter. Jane Street Group LLC raised its position 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 purchasing an additional 232,015 shares during the last quarter. Millennium Management LLC boosted its stake in Ethan Allen Interiors by 2,127.1% in the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after purchasing an additional 150,409 shares in the last quarter. First Dallas Securities Inc. grew its position in Ethan Allen Interiors by 3.6% during the 3rd quarter. First Dallas Securities Inc. now owns 117,282 shares of the company’s stock valued at $3,740,000 after purchasing an additional 4,054 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Ethan Allen Interiors by 2.3% during the 2nd quarter. AQR Capital Management LLC now owns 78,036 shares of the company’s stock valued at $2,176,000 after purchasing an additional 1,783 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Ethan Allen Interiors Stock Performance

NYSE ETD opened at $31.01 on Monday. The company has a market capitalization of $788.58 million, a price-to-earnings ratio of 13.03 and a beta of 1.31. The stock has a 50-day moving average of $29.18 and a 200 day moving average of $29.88. Ethan Allen Interiors Inc. has a one year low of $26.53 and a one year high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data 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%. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.03%. Ethan Allen Interiors’s payout ratio is 65.55%.

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 Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the transaction, the chief executive officer now directly owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.48% of the company’s stock.

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.