Ethan Allen Interiors Inc. (NYSE:ETD) Position Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,800 shares of the company’s stock after selling 1,226 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Ethan Allen Interiors worth $568,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. bought a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth approximately $26,000. Innealta Capital LLC bought a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $92,000. Cim LLC lifted its holdings in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after purchasing an additional 741 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position 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 valued at $264,000 after acquiring an additional 3,583 shares during the period. Institutional investors own 83.80% of the company’s stock.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 30,000 shares of company stock worth $913,800 in the last three months. 10.48% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

Ethan Allen Interiors Price Performance

ETD opened at $31.04 on Thursday. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62. The stock has a market cap of $789.35 million, a P/E ratio of 12.57 and a beta of 1.30. The stock’s 50 day moving average price is $29.96 and its 200 day moving average price is $29.61.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

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.