SG Americas Securities LLC Purchases Shares of 18,964 Ethan Allen Interiors Inc. (NYSE:ETD)

SG Americas Securities LLC acquired a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 18,964 shares of the company’s stock, valued at approximately $605,000. SG Americas Securities LLC owned approximately 0.07% of Ethan Allen Interiors as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. purchased a new stake in shares of Ethan Allen Interiors during the 2nd quarter worth approximately $26,000. Innealta Capital LLC bought a new position in shares of Ethan Allen Interiors during the 2nd quarter valued at approximately $29,000. Meeder Asset Management Inc. increased its position in shares of Ethan Allen Interiors by 2,366.0% during the 1st quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock valued at $176,000 after purchasing an additional 4,874 shares during the last quarter. Cim LLC bought a new position in shares of Ethan Allen Interiors during the 1st quarter valued at approximately $216,000. Finally, The Manufacturers Life Insurance Company increased its position 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. 83.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $30.36, for a total value of $303,600.00. Following the transaction, the chief executive officer now owns 1,712,319 shares in the company, valued at $51,986,004.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 30,000 shares of company stock valued at $931,500. Company insiders own 10.90% of the company’s stock.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $29.99 on Tuesday. The stock has a 50-day moving average of $30.74 and a two-hundred day moving average of $29.97. Ethan Allen Interiors Inc. has a one year low of $25.33 and a one year high of $35.62. The stock has a market cap of $762.11 million, a PE ratio of 10.91 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. The business had revenue of $168.63 million for the quarter, compared to analyst estimates of $159.65 million. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The company’s revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 earnings per share. As a group, sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.4 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend was Tuesday, August 13th. Ethan Allen Interiors’s payout ratio is currently 56.73%.

About Ethan Allen Interiors

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.