Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,043 shares of the company’s stock after acquiring an additional 2,738 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Ethan Allen Interiors were worth $845,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ETD. Quarry LP bought a new position in Ethan Allen Interiors in the third quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ethan Allen Interiors in the third quarter worth about $50,000. nVerses Capital LLC bought a new position in Ethan Allen Interiors in the third quarter worth about $92,000. Cim LLC raised 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 worth $210,000 after buying an additional 741 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Ethan Allen Interiors in the third quarter worth about $216,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Buying and Selling at Ethan Allen Interiors

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Friday, January 24th.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $28.92 on Wednesday. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The company has a 50 day simple moving average of $29.12 and a two-hundred day simple moving average of $29.86. The company has a market capitalization of $735.44 million, a price-to-earnings ratio of 11.71 and a beta of 1.31.

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.