Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,639 shares of the company’s stock after selling 14,691 shares during the quarter. Principal Financial Group Inc. owned about 0.42% of Ethan Allen Interiors worth $3,401,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in Ethan Allen Interiors by 76.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 8,267 shares of the company’s stock worth $264,000 after buying an additional 3,583 shares in the last quarter. Semanteon Capital Management LP bought a new position in Ethan Allen Interiors during the 3rd quarter valued at $328,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Ethan Allen Interiors by 12.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,945 shares of the company’s stock valued at $443,000 after purchasing an additional 1,502 shares in the last quarter. Tectonic Advisors LLC boosted its stake in Ethan Allen Interiors by 3.3% during the 3rd quarter. Tectonic Advisors LLC now owns 55,970 shares of the company’s stock valued at $1,785,000 after purchasing an additional 1,773 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Ethan Allen Interiors during the 3rd quarter valued at $660,000. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Stock Up 0.9 %

ETD opened at $29.24 on Friday. The firm has a market cap of $743.57 million, a PE ratio of 11.72 and a beta of 1.27. The business has a fifty day simple moving average of $30.10 and a 200-day simple moving average of $29.56. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62.

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.34%. Ethan Allen Interiors’s payout ratio is currently 63.16%.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 30,000 shares of company stock worth $913,800 over the last quarter. Corporate insiders own 10.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research note 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.