Ethan Allen Interiors Inc. $ETD Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 30.3% in the 3rd quarter, Holdings Channel reports. The firm owned 105,643 shares of the company’s stock after selling 45,969 shares during the quarter. Rhumbline Advisers’ holdings in Ethan Allen Interiors were worth $3,112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ETD. Allianz Asset Management GmbH boosted its stake in Ethan Allen Interiors by 5.1% during the 2nd quarter. Allianz Asset Management GmbH now owns 7,783 shares of the company’s stock worth $217,000 after purchasing an additional 377 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Ethan Allen Interiors by 6.2% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock worth $253,000 after buying an additional 500 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ethan Allen Interiors by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after acquiring an additional 538 shares during the last quarter. Federated Hermes Inc. boosted its position in Ethan Allen Interiors by 2.2% during the third quarter. Federated Hermes Inc. now owns 24,543 shares of the company’s stock worth $723,000 after acquiring an additional 539 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Ethan Allen Interiors by 6.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,432 shares of the company’s stock valued at $278,000 after acquiring an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Trading Up 0.2%

Shares of NYSE:ETD opened at $23.03 on Thursday. The company has a market capitalization of $585.99 million, a price-to-earnings ratio of 13.39 and a beta of 1.20. Ethan Allen Interiors Inc. has a 12-month low of $21.67 and a 12-month high of $31.41. The business has a 50-day moving average price of $23.71 and a 200 day moving average price of $25.80.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. The company had revenue of $149.92 million during the quarter, compared to analyst estimates of $152.25 million. During the same quarter last year, the firm posted $0.59 earnings per share. Ethan Allen Interiors’s revenue was down 4.7% compared to the same quarter last year. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.8%. The ex-dividend date was Wednesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 90.70%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ETD. Weiss Ratings upgraded Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Ethan Allen Interiors presently has a consensus rating of “Hold” and an average price target of $27.00.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $54,221.68. Following the transaction, the chief executive officer directly owned 1,483,228 shares in the company, valued at $37,095,532.28. This represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.92% of the stock is currently owned by insiders.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.