Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Americana Partners LLC

Americana Partners LLC reduced its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 4.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 44,342 shares of the company’s stock after selling 2,301 shares during the period. Americana Partners LLC’s holdings in Ethan Allen Interiors were worth $1,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ETD. Hantz Financial Services Inc. acquired a new position in Ethan Allen Interiors in the second quarter valued at approximately $26,000. Innealta Capital LLC purchased a new stake in Ethan Allen Interiors during the second quarter worth $29,000. nVerses Capital LLC acquired a new stake in Ethan Allen Interiors during the third quarter valued at $92,000. Meeder Asset Management Inc. increased its holdings in Ethan Allen Interiors by 2,366.0% in the first quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock valued at $176,000 after buying an additional 4,874 shares in the last quarter. Finally, Cim LLC increased its stake in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday.

Ethan Allen Interiors Trading Up 1.0 %

Shares of Ethan Allen Interiors stock opened at $27.94 on Friday. The firm’s 50-day moving average price is $30.56 and its 200 day moving average price is $29.71. 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 $710.39 million, a PE ratio of 11.31 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Ethan Allen Interiors had a return on equity of 13.10% and a net margin of 9.99%. The firm had revenue of $154.34 million for the quarter, compared to analyst estimates of $159.60 million. On average, sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.35 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s payout ratio is 63.16%.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $30.36, for a total value of $303,600.00. Following the completion of the sale, the chief executive officer now owns 1,712,319 shares in the company, valued at approximately $51,986,004.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 30,000 shares of company stock worth $929,700 over the last three months. 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.