Brandywine Global Investment Management LLC Has $2.11 Million Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Brandywine Global Investment Management LLC decreased its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 74,964 shares of the company’s stock after selling 3,404 shares during the quarter. Brandywine Global Investment Management LLC owned 0.29% of Ethan Allen Interiors worth $2,107,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Quarry LP bought a new stake in Ethan Allen Interiors during the 3rd quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ethan Allen Interiors in the 3rd quarter worth approximately $50,000. Hillsdale Investment Management Inc. lifted its holdings in Ethan Allen Interiors by 213.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock worth $53,000 after buying an additional 1,280 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Ethan Allen Interiors in the 4th quarter valued at $112,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Ethan Allen Interiors in the third quarter worth about $216,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

ETD has been the subject of a number of analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

Ethan Allen Interiors Stock Performance

ETD opened at $28.07 on Thursday. The firm’s fifty day moving average is $28.54 and its two-hundred day moving average is $29.26. The firm has a market cap of $713.82 million, a PE ratio of 11.79 and a beta of 1.27. Ethan Allen Interiors Inc. has a twelve month low of $26.13 and a twelve month high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last issued 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 12.62% and a net margin of 9.76%. Equities analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 5.56%. Ethan Allen Interiors’s dividend payout ratio is presently 65.55%.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now owns 1,641,905 shares of the company’s stock, valued at approximately $48,058,559.35. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders sold 30,000 shares of company stock worth $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.