HighTower Advisors LLC Sells 712 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

HighTower Advisors LLC cut its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,659 shares of the company’s stock after selling 712 shares during the quarter. HighTower Advisors LLC’s holdings in Ethan Allen Interiors were worth $246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Millennium Management LLC raised its position in shares of Ethan Allen Interiors by 2,127.1% during the second quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock valued at $4,392,000 after buying an additional 150,409 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock valued at $15,187,000 after acquiring an additional 77,565 shares during the last quarter. American Century Companies Inc. increased its holdings in Ethan Allen Interiors by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock valued at $15,283,000 after acquiring an additional 72,767 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in Ethan Allen Interiors by 88.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 128,091 shares of the company’s stock worth $3,572,000 after purchasing an additional 59,999 shares in the last quarter. Finally, First Dallas Securities Inc. boosted its holdings in shares of Ethan Allen Interiors by 54.0% during the 2nd quarter. First Dallas Securities Inc. now owns 113,228 shares of the company’s stock valued at $3,157,000 after purchasing an additional 39,702 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the sale, the chief executive officer now owns 1,671,905 shares of the company’s stock, valued at approximately $48,100,706.85. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Ethan Allen Interiors Stock Up 0.5 %

ETD stock opened at $28.48 on Wednesday. The firm’s fifty day simple moving average is $29.65 and its two-hundred day simple moving average is $29.72. The stock has a market capitalization of $724.25 million, a price-to-earnings ratio of 11.53 and a beta of 1.30. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.48%. The ex-dividend date was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

About Ethan Allen Interiors

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.