Vanguard Discloses 10.9% Stake in Ethan Allen Interiors

Ticker: ETD · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, equity-stake

TL;DR

**Vanguard still owns 10.9% of Ethan Allen, signaling long-term confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing on February 13, 2024, disclosing its ownership of 3,005,626 shares of Ethan Allen Interiors Inc. common stock as of December 29, 2023. This represents a 10.9% beneficial ownership stake in the furniture company. This matters to investors because Vanguard is a significant institutional holder, and its continued large stake indicates a long-term, passive investment in Ethan Allen, suggesting confidence in the company's fundamentals.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a substantial ownership in Ethan Allen, which can be seen as a vote of confidence in the company's stability and future prospects.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.

Analyst Insight

Investors should note Vanguard's continued substantial, passive ownership as a sign of institutional confidence, but this filing alone doesn't suggest any immediate catalysts for the stock. It's a routine disclosure of a long-term holding.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the purpose of an SC 13G/A filing?

An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who acquire more than 5% of a company's voting shares. The '/A' indicates it's an amendment to a previously filed statement, updating the ownership information, as seen with The Vanguard Group's filing for Ethan Allen Interiors Inc. on February 13, 2024.

Who is the reporting person in this SC 13G/A filing?

The reporting person in this SC 13G/A filing is The Vanguard Group, identified by IRS Identification No. 23-1945930 and organized in Pennsylvania, as stated in the filing.

What percentage of Ethan Allen Interiors Inc. common stock does The Vanguard Group beneficially own?

As of December 29, 2023, The Vanguard Group beneficially owns 10.9% of Ethan Allen Interiors Inc.'s common stock, according to the filing's cover page.

How many shares of Ethan Allen Interiors Inc. does The Vanguard Group have sole dispositive power over?

The Vanguard Group has sole dispositive power over 2,990,882 shares of Ethan Allen Interiors Inc. common stock, as detailed in Item 7 of the filing.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the cover page of the SC 13G/A filing.

From the Filing

0001104659-24-020878.txt : 20240213 0001104659-24-020878.hdr.sgml : 20240213 20240213170432 ACCESSION NUMBER: 0001104659-24-020878 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ETHAN ALLEN INTERIORS INC CENTRAL INDEX KEY: 0000896156 STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 061275288 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45041 FILM NUMBER: 24628285 BUSINESS ADDRESS: STREET 1: ETHAN ALLEN DR STREET 2: PO BOX 1966 CITY: DANBURY STATE: CT ZIP: 06811 BUSINESS PHONE: 2037438000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0878-ethanalleninteriorsin.htm SCHEDULE 13G/A ethanalleninteriorsinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)* Name of issuer:  Ethan Allen Interiors Inc Title of Class of Securities:  Common Stock CUSIP Number:  297602104 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  297602104 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 14,744 7.  SOLE DISPOSITIVE POWER 1,580,416 8.  SHARED DISPOSITIVE POWER 34,834 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,615,250 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.36% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Ethan Allen Interiors Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 25 Lake Avenue Extension Danbury, CT 06811-5286 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 297602104 Item 3 - Type of Filing: This statement is being filed p

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