Ethan Allen Interiors Inc. (NYSE:ETD) Position Reduced by Stifel Financial Corp

Stifel Financial Corp decreased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 11.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 35,773 shares of the company’s stock after selling 4,771 shares during the quarter. Stifel Financial Corp’s holdings in Ethan Allen Interiors were worth $1,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETD. Millennium Management LLC raised its holdings in Ethan Allen Interiors by 2,127.1% during the second quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after purchasing an additional 150,409 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in Ethan Allen Interiors by 16.6% during the second quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock worth $15,187,000 after purchasing an additional 77,565 shares in the last quarter. American Century Companies Inc. raised its holdings in Ethan Allen Interiors by 15.3% during the second quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock worth $15,283,000 after purchasing an additional 72,767 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in Ethan Allen Interiors by 88.1% during the second quarter. First Eagle Investment Management LLC now owns 128,091 shares of the company’s stock worth $3,572,000 after purchasing an additional 59,999 shares in the last quarter. Finally, First Dallas Securities Inc. raised its holdings in Ethan Allen Interiors by 54.0% during the second quarter. First Dallas Securities Inc. now owns 113,228 shares of the company’s stock worth $3,157,000 after purchasing an additional 39,702 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $28.18 on Monday. The firm has a market cap of $716.62 million, a price-to-earnings ratio of 11.41 and a beta of 1.30. Ethan Allen Interiors Inc. has a 1 year low of $26.53 and a 1 year high of $35.62. The firm’s 50 day moving average price is $29.69 and its two-hundred day moving average price is $29.71.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.54%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 63.16%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, October 31st.

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.