Exchange Traded Concepts LLC Buys 650 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Exchange Traded Concepts LLC lifted its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,218 shares of the company’s stock after purchasing an additional 650 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Ethan Allen Interiors were worth $287,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quarry LP bought a new stake in Ethan Allen Interiors in the third quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ethan Allen Interiors in the third quarter valued at $50,000. nVerses Capital LLC bought a new stake in shares of Ethan Allen Interiors in the 3rd quarter worth about $92,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Ethan Allen Interiors during the 3rd quarter worth about $216,000. Finally, The Manufacturers Life Insurance Company boosted its stake 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 worth $244,000 after purchasing an additional 543 shares during the period. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Down 2.2 %

ETD stock opened at $31.01 on Friday. The firm has a market cap of $788.58 million, a price-to-earnings ratio of 13.03 and a beta of 1.31. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The business’s fifty day simple moving average is $29.16 and its two-hundred day simple moving average is $29.87.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results 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%. Research analysts expect that Ethan Allen Interiors Inc. will post 2.3 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.03%. The ex-dividend date is Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is presently 65.55%.

Analyst Upgrades and Downgrades

ETD has been the topic of a number of recent analyst reports. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,651,905 shares in the company, valued at $47,360,116.35. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.