Ethan Allen Interiors Inc. $ETD Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 26.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,353 shares of the company’s stock after buying an additional 8,726 shares during the period. Linden Thomas Advisory Services LLC owned about 0.16% of Ethan Allen Interiors worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC acquired a new stake in shares of Ethan Allen Interiors during the 2nd quarter valued at approximately $6,202,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Ethan Allen Interiors during the 1st quarter worth $3,254,000. Jane Street Group LLC boosted its position in shares of Ethan Allen Interiors by 31.2% in the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after buying an additional 88,383 shares in the last quarter. Trexquant Investment LP grew its stake in Ethan Allen Interiors by 345.6% in the 1st quarter. Trexquant Investment LP now owns 93,332 shares of the company’s stock valued at $2,585,000 after acquiring an additional 72,386 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Ethan Allen Interiors during the 2nd quarter valued at about $2,008,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ETD has been the topic of several recent research reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ethan Allen Interiors in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total value of $420,150.00. Following the sale, the chief executive officer directly owned 1,583,652 shares of the company’s stock, valued at approximately $44,358,092.52. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 31,400 shares of company stock worth $900,866. Corporate insiders own 9.92% of the company’s stock.

Ethan Allen Interiors Price Performance

NYSE:ETD opened at $27.58 on Monday. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $32.61. The firm has a market cap of $701.94 million, a PE ratio of 13.72 and a beta of 1.12. The firm has a 50 day simple moving average of $28.86 and a 200-day simple moving average of $28.28.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The business had revenue of $160.36 million during the quarter, compared to the consensus estimate of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 earnings per share. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.7%. Ethan Allen Interiors’s dividend payout ratio is currently 77.61%.

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.