Ethan Allen Interiors Inc. (NYSE:ETD) Position Trimmed by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 24.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,568 shares of the company’s stock after selling 3,059 shares during the period. Exchange Traded Concepts LLC’s holdings in Ethan Allen Interiors were worth $305,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in Ethan Allen Interiors in the second quarter worth about $26,000. Innealta Capital LLC bought a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth approximately $29,000. Meeder Asset Management Inc. boosted its position 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 valued at $176,000 after purchasing an additional 4,874 shares during the period. Cim LLC bought a new position in Ethan Allen Interiors during the 1st quarter worth $216,000. Finally, The Manufacturers Life Insurance Company grew its stake in Ethan Allen Interiors by 6.6% during the 2nd 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 last quarter. 83.80% of the stock is currently owned by institutional investors.

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 Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total transaction of $317,400.00. Following the transaction, the chief executive officer now owns 1,708,905 shares of the company’s stock, valued at approximately $54,240,644.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 30,000 shares of company stock valued at $929,700 over the last 90 days. 10.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors Trading Up 0.3 %

NYSE ETD opened at $31.14 on Monday. The company has a 50-day moving average price of $30.80 and a two-hundred day moving average price of $29.89. Ethan Allen Interiors Inc. has a 52 week low of $25.33 and a 52 week high of $35.62. The stock has a market cap of $791.33 million, a price-to-earnings ratio of 11.32 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data 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 business 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 revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. As a group, equities research analysts expect that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

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