US Bancorp DE Trims Position in Ethan Allen Interiors Inc. (NYSE:ETD)

US Bancorp DE lowered its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 28.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,101 shares of the company’s stock after selling 436 shares during the quarter. US Bancorp DE’s holdings in Ethan Allen Interiors were worth $35,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in Ethan Allen Interiors by 76.5% in the third quarter. Nisa Investment Advisors LLC now owns 8,267 shares of the company’s stock valued at $264,000 after buying an additional 3,583 shares in the last quarter. Semanteon Capital Management LP purchased a new stake in Ethan Allen Interiors during the 3rd quarter worth $328,000. Mirae Asset Global Investments Co. Ltd. lifted its position 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 worth $443,000 after acquiring an additional 1,502 shares in the last quarter. Tectonic Advisors LLC lifted its holdings in Ethan Allen Interiors by 3.3% in the 3rd quarter. Tectonic Advisors LLC now owns 55,970 shares of the company’s stock worth $1,785,000 after buying an additional 1,773 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Ethan Allen Interiors during the 3rd quarter worth approximately $660,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Trading Up 0.1 %

ETD stock opened at $28.90 on Tuesday. The company has a market capitalization of $734.80 million, a price-to-earnings ratio of 11.60 and a beta of 1.27. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The firm’s 50-day moving average is $30.11 and its two-hundred day moving average is $29.56.

Ethan Allen Interiors Announces Dividend

The business 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 dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is 63.16%.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $30.87, for a total transaction of $308,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,698,905 shares of the company’s stock, valued at $52,445,197.35. This trade represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 30,000 shares of company stock worth $913,800. Corporate insiders own 10.48% of the company’s stock.

Wall Street Analyst Weigh In

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

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.