Ethan Allen Interiors Inc. (NYSE:ETD) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,737 shares of the company’s stock after purchasing an additional 543 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ethan Allen Interiors were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ETD. Range Financial Group LLC lifted its position in Ethan Allen Interiors by 1.1% in the first quarter. Range Financial Group LLC now owns 41,694 shares of the company’s stock valued at $1,441,000 after purchasing an additional 469 shares during the period. Unison Advisors LLC increased its holdings in Ethan Allen Interiors by 1.2% in the first quarter. Unison Advisors LLC now owns 28,929 shares of the company’s stock valued at $1,000,000 after buying an additional 338 shares in the last quarter. First Dallas Securities Inc. increased its holdings in Ethan Allen Interiors by 10.6% in the first quarter. First Dallas Securities Inc. now owns 73,526 shares of the company’s stock valued at $2,542,000 after buying an additional 7,052 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Ethan Allen Interiors by 52.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 59,708 shares of the company’s stock valued at $2,064,000 after buying an additional 20,511 shares in the last quarter. Finally, Vest Financial LLC increased its holdings in Ethan Allen Interiors by 241.3% in the first quarter. Vest Financial LLC now owns 25,827 shares of the company’s stock valued at $893,000 after buying an additional 18,260 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,708,905 shares of the company’s stock, valued at $54,240,644.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 30,000 shares of company stock valued at $929,700 in the last ninety days. Corporate insiders own 10.90% of the company’s stock.

Analysts Set New Price Targets

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

Ethan Allen Interiors Trading Up 0.3 %

Shares of Ethan Allen Interiors stock opened at $31.13 on Friday. Ethan Allen Interiors Inc. has a 12-month low of $25.33 and a 12-month high of $35.62. The stock has a market cap of $791.08 million, a PE ratio of 11.32 and a beta of 1.25. The company has a 50-day moving average of $30.80 and a two-hundred day moving average of $29.94.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share for the quarter, topping 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 business had revenue of $168.63 million during the quarter, compared to analysts’ expectations of $159.65 million. During the same period last year, the company posted $0.96 EPS. The company’s revenue was down 10.0% on a year-over-year basis. On average, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.4 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.01%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 56.73%.

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.