Principal Financial Group Inc. Sells 14,691 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Principal Financial Group Inc. reduced its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,639 shares of the company’s stock after selling 14,691 shares during the period. Principal Financial Group Inc. owned approximately 0.42% of Ethan Allen Interiors worth $3,401,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Unison Advisors LLC increased its holdings in Ethan Allen Interiors by 1.4% in the 3rd quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock valued at $946,000 after buying an additional 421 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after acquiring an additional 543 shares in the last quarter. Cim LLC increased its stake in Ethan Allen Interiors by 11.9% in the second quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after acquiring an additional 741 shares during the last quarter. BNP Paribas Financial Markets raised its position in Ethan Allen Interiors by 3.3% during the third quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company’s stock valued at $1,053,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Ethan Allen Interiors by 13.4% during the third quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock valued at $319,000 after purchasing an additional 1,180 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business’s 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 sale, the chief executive officer now owns 1,671,905 shares in the company, valued at $48,100,706.85. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.48% of the stock is owned by insiders.

Analyst Ratings Changes

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

Ethan Allen Interiors Trading Up 0.5 %

Shares of NYSE ETD opened at $27.97 on Friday. The company has a market cap of $711.28 million, a price-to-earnings ratio of 11.32 and a beta of 1.30. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62. The stock has a 50-day moving average price of $29.28 and a two-hundred day moving average price of $29.71.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is 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.