Ethan Allen Interiors Inc. (NYSE:ETD) Stock Holdings Lessened by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 24.2% in the third quarter, Holdings Channel.com reports. The fund owned 9,568 shares of the company’s stock after selling 3,059 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Ethan Allen Interiors were worth $305,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. acquired a new stake in shares of Ethan Allen Interiors during the second quarter worth $26,000. Innealta Capital LLC acquired a new stake in Ethan Allen Interiors during the 2nd quarter worth about $29,000. Meeder Asset Management Inc. raised its holdings in 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 worth $176,000 after buying an additional 4,874 shares during the period. Cim LLC purchased a new stake in Ethan Allen Interiors during the first quarter valued at about $216,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ethan Allen Interiors by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after buying an additional 543 shares during the period. 83.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a 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 company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $30.36, for a total value of $303,600.00. Following the transaction, the chief executive officer now directly owns 1,712,319 shares of the company’s stock, valued at approximately $51,986,004.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 30,000 shares of company stock valued at $929,700 in the last quarter. Company insiders own 10.90% of the company’s stock.

Ethan Allen Interiors Stock Up 0.3 %

ETD opened at $31.14 on Monday. Ethan Allen Interiors Inc. has a 12-month low of $25.33 and a 12-month high of $35.62. The firm has a market capitalization of $791.33 million, a P/E ratio of 11.32 and a beta of 1.25. The stock has a fifty day moving average of $30.80 and a 200-day moving average of $29.89.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.45% and a net margin of 9.88%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the company posted $0.96 EPS. On average, analysts expect that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were given a $0.39 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 5.01%. Ethan Allen Interiors’s payout ratio is 56.73%.

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.