Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 78.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,169 shares of the company’s stock after selling 26,635 shares during the quarter. Empowered Funds LLC’s holdings in Ethan Allen Interiors were worth $202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ETD. Quarry LP acquired a new stake in Ethan Allen Interiors during the 3rd quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ethan Allen Interiors during the 3rd quarter worth $50,000. Y Intercept Hong Kong Ltd acquired a new stake in Ethan Allen Interiors during the 3rd quarter worth $216,000. Nisa Investment Advisors LLC raised its stake in Ethan Allen Interiors by 76.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 8,267 shares of the company’s stock worth $264,000 after acquiring an additional 3,583 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Ethan Allen Interiors by 6.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after acquiring an additional 650 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ETD. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, January 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock opened at $28.49 on Friday. Ethan Allen Interiors Inc. has a 1 year low of $26.53 and a 1 year high of $35.62. The company has a market capitalization of $724.48 million, a P/E ratio of 11.97 and a beta of 1.31. The company’s fifty day moving average is $28.91 and its two-hundred day moving average is $29.81.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Tuesday, February 11th. Ethan Allen Interiors’s payout ratio is 65.55%.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the sale, the chief executive officer now owns 1,651,905 shares of the company’s stock, valued at $47,360,116.35. The trade was a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.48% of the company’s stock.

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.