Pacer Advisors Inc. Sells 32,132 Shares of Ethan Allen Interiors Inc. $ETD

Pacer Advisors Inc. decreased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 29.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,497 shares of the company’s stock after selling 32,132 shares during the period. Pacer Advisors Inc. owned approximately 0.30% of Ethan Allen Interiors worth $2,283,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Ethan Allen Interiors by 5.7% in the second quarter. American Century Companies Inc. now owns 837,971 shares of the company’s stock valued at $23,337,000 after acquiring an additional 45,031 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ethan Allen Interiors by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 548,021 shares of the company’s stock valued at $15,263,000 after purchasing an additional 6,729 shares during the period. Bank of New York Mellon Corp grew its position in shares of Ethan Allen Interiors by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 416,033 shares of the company’s stock worth $11,587,000 after purchasing an additional 8,311 shares in the last quarter. Jane Street Group LLC grew its position in shares of Ethan Allen Interiors by 31.2% during the 1st quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock worth $10,304,000 after purchasing an additional 88,383 shares in the last quarter. Finally, SG Capital Management LLC bought a new position in shares of Ethan Allen Interiors during the second quarter worth approximately $8,087,000. Institutional investors own 83.80% of the company’s stock.

Analysts Set New Price Targets

ETD has been the subject of several recent research reports. Telsey Advisory Group cut their price target on Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating for the company in a research note on Thursday, October 30th. Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Finally, Zacks Research lowered Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $28.00.

Ethan Allen Interiors Stock Performance

Shares of ETD opened at $22.80 on Wednesday. Ethan Allen Interiors Inc. has a 52-week low of $21.67 and a 52-week high of $32.61. The firm has a market cap of $580.18 million, a price-to-earnings ratio of 12.32 and a beta of 1.17. The business’s fifty day moving average is $24.05 and its 200-day moving average is $27.26.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Ethan Allen Interiors had a return on equity of 10.08% and a net margin of 7.79%.The business had revenue of $146.98 million for the quarter, compared to the consensus estimate of $149.15 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. Ethan Allen Interiors’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, November 12th. This represents a $1.56 annualized dividend and a dividend yield of 6.8%. Ethan Allen Interiors’s payout ratio is 84.32%.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 15,000 shares of the company’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 transaction of $420,150.00. Following the completion of the transaction, the chief executive officer directly owned 1,583,652 shares in the company, valued at $44,358,092.52. This represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.92% of the stock is currently owned by corporate insiders.

Ethan Allen Interiors 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.