Federated Hermes Inc. Trims Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Federated Hermes Inc. reduced its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,386 shares of the company’s stock after selling 384 shares during the period. Federated Hermes Inc. owned about 0.09% of Ethan Allen Interiors worth $652,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Boston Partners purchased a new stake in shares of Ethan Allen Interiors in the first quarter valued at $1,147,000. Vanguard Group Inc. grew its holdings in Ethan Allen Interiors by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock valued at $56,720,000 after buying an additional 25,472 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Ethan Allen Interiors during the 1st quarter valued at about $2,354,000. Inspire Investing LLC purchased a new position in shares of Ethan Allen Interiors during the 1st quarter worth about $742,000. Finally, First Trust Advisors LP lifted its holdings in shares of Ethan Allen Interiors by 56.6% during the 4th quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock worth $24,896,000 after acquiring an additional 281,900 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $30.36, for a total transaction of $303,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,712,319 shares of the company’s stock, valued at approximately $51,986,004.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 30,000 shares of company stock valued at $931,500. Company insiders own 10.90% of the company’s stock.

Ethan Allen Interiors Trading Down 1.8 %

Shares of ETD opened at $31.84 on Monday. Ethan Allen Interiors Inc. has a twelve month low of $25.33 and a twelve month high of $35.62. The firm has a market capitalization of $809.12 million, a P/E ratio of 11.58 and a beta of 1.26. The stock’s fifty day simple moving average is $30.57 and its 200 day simple moving average is $30.21.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.13. The business had revenue of $168.63 million for 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 company’s revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Tuesday, August 13th. Ethan Allen Interiors’s payout ratio is currently 56.73%.

Analysts Set New Price Targets

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

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.