Thrivent Financial for Lutherans Has $531,000 Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Thrivent Financial for Lutherans decreased its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,026 shares of the company’s stock after selling 845 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Ethan Allen Interiors worth $531,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Unison Advisors LLC boosted its stake in shares of Ethan Allen Interiors by 1.2% in the 1st quarter. Unison Advisors LLC now owns 28,929 shares of the company’s stock valued at $1,000,000 after purchasing an additional 338 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in Ethan Allen Interiors by 2.2% during the second 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 during the last quarter. Range Financial Group LLC increased its holdings in shares of Ethan Allen Interiors by 1.1% during the first 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 raised its stake in shares of Ethan Allen Interiors by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock valued at $718,000 after acquiring an additional 537 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Ethan Allen Interiors by 7.7% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,363 shares of the company’s stock worth $358,000 after acquiring an additional 742 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total value of $317,400.00. Following the transaction, the chief executive officer now owns 1,708,905 shares in the company, valued at $54,240,644.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 30,000 shares of company stock worth $931,500 over the last 90 days. 10.90% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Ethan Allen Interiors Stock Down 0.6 %

Shares of NYSE ETD opened at $30.70 on Wednesday. The firm’s 50-day simple moving average is $30.85 and its 200 day simple moving average is $30.10. The company has a market cap of $780.15 million, a price-to-earnings ratio of 11.16 and a beta of 1.25. Ethan Allen Interiors Inc. has a 12-month low of $25.33 and a 12-month high of $35.62.

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

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th were paid a $0.39 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.56 annualized dividend and a dividend yield of 5.08%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 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.