Commonwealth Equity Services LLC Sells 617 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Commonwealth Equity Services LLC lessened its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,454 shares of the company’s stock after selling 617 shares during the period. Commonwealth Equity Services LLC’s holdings in Ethan Allen Interiors were worth $375,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Unison Advisors LLC raised its position in Ethan Allen Interiors by 1.2% in the first quarter. Unison Advisors LLC now owns 28,929 shares of the company’s stock worth $1,000,000 after acquiring an additional 338 shares during the period. Miller Howard Investments Inc. NY grew its stake in shares of Ethan Allen Interiors by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company’s stock worth $489,000 after buying an additional 371 shares in the last quarter. Range Financial Group LLC grew its stake in shares of Ethan Allen Interiors by 1.1% in the 1st quarter. Range Financial Group LLC now owns 41,694 shares of the company’s stock worth $1,441,000 after buying an additional 469 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Ethan Allen Interiors by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock worth $718,000 after buying an additional 537 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Ethan Allen Interiors by 7.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,363 shares of the company’s stock worth $358,000 after purchasing an additional 742 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $31.05, for a total value of $310,500.00. Following the sale, the chief executive officer now directly owns 1,715,193 shares of the company’s stock, valued at approximately $53,256,742.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 30,000 shares of company stock worth $931,500. 10.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research note on Wednesday, July 24th.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $31.84 on Monday. Ethan Allen Interiors Inc. has a one year low of $25.33 and a one year high of $35.62. The firm has a market cap of $809.12 million, a P/E ratio of 11.58 and a beta of 1.26. The firm has a 50-day simple moving average of $30.57 and a 200-day simple moving average of $30.21.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. The firm had revenue of $168.63 million during the quarter, compared to analyst estimates of $159.65 million. Ethan Allen Interiors had a net margin of 9.88% and a return on equity of 13.45%. Ethan Allen Interiors’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 EPS. On average, research analysts predict that Ethan Allen Interiors Inc. will post 2.4 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 4.90%. Ethan Allen Interiors’s payout ratio is 56.73%.

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.