SeaCrest Wealth Management LLC Sells 1,384 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

SeaCrest Wealth Management LLC reduced its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 14.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,507 shares of the company’s stock after selling 1,384 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Ethan Allen Interiors were worth $294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AJOVista LLC bought a new position in shares of Ethan Allen Interiors during the 4th quarter valued at approximately $41,000. PNC Financial Services Group Inc. boosted its position in shares of Ethan Allen Interiors by 171.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,563 shares of the company’s stock valued at $136,000 after acquiring an additional 2,884 shares during the last quarter. Arizona State Retirement System bought a new position in shares of Ethan Allen Interiors during the 4th quarter valued at approximately $204,000. Evergreen Capital Management LLC bought a new stake in Ethan Allen Interiors in the third quarter worth $213,000. Finally, Vest Financial LLC bought a new stake in Ethan Allen Interiors in the fourth quarter worth $242,000. 83.80% of the stock is currently owned by institutional investors.

Ethan Allen Interiors Stock Down 1.1 %

Shares of ETD opened at $27.31 on Thursday. The company has a market cap of $693.95 million, a PE ratio of 9.93 and a beta of 1.29. The business has a fifty day moving average of $28.46 and a 200 day moving average of $30.51. Ethan Allen Interiors Inc. has a 52-week low of $25.33 and a 52-week high of $36.19.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). The company had revenue of $146.42 million during the quarter, compared to the consensus estimate of $168.15 million. Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. The firm’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. As a group, research analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th were paid a $0.39 dividend. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. The ex-dividend date was Monday, May 6th. This represents a $1.56 dividend on an annualized basis and a yield of 5.71%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 56.73%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, April 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.