Inspire Investing LLC Lowers Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Inspire Investing LLC lowered its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 41.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,671 shares of the company’s stock after selling 8,789 shares during the quarter. Inspire Investing LLC’s holdings in Ethan Allen Interiors were worth $353,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Unison Advisors LLC raised its holdings in Ethan Allen Interiors by 1.2% during the first quarter. Unison Advisors LLC now owns 28,929 shares of the company’s stock worth $1,000,000 after purchasing an additional 338 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of Ethan Allen Interiors by 2.2% during 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 raised its stake in shares of Ethan Allen Interiors by 1.1% during 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 lifted its holdings 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 valued at $718,000 after buying an additional 537 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Ethan Allen Interiors by 7.7% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,363 shares of the company’s stock valued at $358,000 after buying an additional 742 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Trading Down 1.8 %

ETD stock opened at $31.84 on Monday. The company’s 50-day moving average price is $30.57 and its 200 day moving average price is $30.21. Ethan Allen Interiors Inc. has a 52 week low of $25.33 and a 52 week high of $35.62. The company has a market cap of $809.12 million, a P/E ratio of 11.58 and a beta of 1.26.

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

Ethan Allen Interiors Announces Dividend

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $30.36, for a total transaction of $303,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,712,319 shares in the company, valued at approximately $51,986,004.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 30,000 shares of company stock worth $931,500 in the last three months. Corporate insiders own 10.90% of the company’s stock.

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.