Pacer Advisors Inc. Lowers Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Pacer Advisors Inc. cut its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 776,495 shares of the company's stock after selling 31,586 shares during the period. Pacer Advisors Inc. owned about 3.05% of Ethan Allen Interiors worth $21,827,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of Ethan Allen Interiors during the third quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $50,000. nVerses Capital LLC acquired a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at $92,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $216,000. Finally, Cim LLC grew its stake in shares of Ethan Allen Interiors by 11.9% during the second quarter. Cim LLC now owns 6,978 shares of the company's stock worth $210,000 after purchasing an additional 741 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Trading Down 2.2 %

Shares of Ethan Allen Interiors stock traded down $0.71 on Friday, hitting $31.01. The stock had a trading volume of 490,333 shares, compared to its average volume of 262,672. The stock has a market cap of $788.58 million, a price-to-earnings ratio of 13.03 and a beta of 1.31. Ethan Allen Interiors Inc. has a 52-week low of $26.53 and a 52-week high of $35.62. The company's 50 day moving average price is $29.16 and its 200 day moving average price is $29.87.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. Analysts predict that Ethan Allen Interiors Inc. will post 2.3 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.03%. The ex-dividend date is Tuesday, February 11th. Ethan Allen Interiors's dividend payout ratio (DPR) is presently 65.55%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ETD. Telsey Advisory Group restated a "market perform" rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Monday, November 18th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the chief executive officer now owns 1,671,905 shares of the company's stock, valued at $48,100,706.85. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate 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.