EMC Capital Management Purchases 2,673 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

EMC Capital Management increased its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 31.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,202 shares of the company’s stock after acquiring an additional 2,673 shares during the quarter. EMC Capital Management’s holdings in Ethan Allen Interiors were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ETD. Public Sector Pension Investment Board raised its position in Ethan Allen Interiors by 6.0% in the second quarter. Public Sector Pension Investment Board now owns 50,279 shares of the company’s stock worth $1,402,000 after acquiring an additional 2,839 shares during the period. AQR Capital Management LLC increased its holdings in Ethan Allen Interiors by 2.3% in the 2nd quarter. AQR Capital Management LLC now owns 78,036 shares of the company’s stock valued at $2,176,000 after acquiring an additional 1,783 shares during the last quarter. Millennium Management LLC lifted 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. The Manufacturers Life Insurance Company boosted its holdings in shares of Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock valued at $244,000 after purchasing an additional 543 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Ethan Allen Interiors during the second quarter valued at about $373,000. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Trading Up 7.9 %

Shares of NYSE:ETD opened at $30.83 on Thursday. The company has a market cap of $784.01 million, a price-to-earnings ratio of 12.31 and a beta of 1.31. The company has a 50-day moving average price of $29.12 and a 200 day moving average price of $29.87. Ethan Allen Interiors Inc. has a 12 month low of $26.53 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 the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 13.12% and a net margin of 9.99%. As a group, equities analysts forecast that Ethan Allen Interiors Inc. will post 2.3 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ETD. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $28.67, for a total transaction of $286,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.48% of the stock is owned by corporate 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.