Empowered Funds LLC lessened its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 70.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,804 shares of the company's stock after selling 80,694 shares during the period. Empowered Funds LLC owned approximately 0.13% of Ethan Allen Interiors worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in ETD. Millennium Management LLC raised its stake in Ethan Allen Interiors by 2,127.1% during the second quarter. Millennium Management LLC now owns 157,480 shares of the company's stock worth $4,392,000 after purchasing an additional 150,409 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Ethan Allen Interiors by 16.6% during the second quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company's stock worth $15,187,000 after buying an additional 77,565 shares during the period. American Century Companies Inc. raised its holdings in shares of Ethan Allen Interiors by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company's stock valued at $15,283,000 after purchasing an additional 72,767 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in Ethan Allen Interiors by 88.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 128,091 shares of the company's stock worth $3,572,000 after buying an additional 59,999 shares during the last quarter. Finally, First Dallas Securities Inc. boosted its holdings in Ethan Allen Interiors by 54.0% in the second quarter. First Dallas Securities Inc. now owns 113,228 shares of the company's stock valued at $3,157,000 after purchasing an additional 39,702 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Telsey Advisory Group restated a "market perform" rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.
Check Out Our Latest Research Report on Ethan Allen Interiors
Insiders Place Their Bets
In related news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. The trade was a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 30,000 shares of company stock valued at $913,800 over the last quarter. Company insiders own 10.48% of the company's stock.
Ethan Allen Interiors Stock Performance
ETD stock traded up $0.62 during midday trading on Friday, hitting $29.93. 168,008 shares of the stock were exchanged, compared to its average volume of 222,269. The stock has a market cap of $761.12 million, a price-to-earnings ratio of 12.11 and a beta of 1.27. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The stock's 50-day moving average price is $30.08 and its 200-day moving average price is $29.56.
Ethan Allen Interiors Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.21%. Ethan Allen Interiors's payout ratio is currently 63.16%.
Ethan Allen Interiors Company Profile
(
Free Report)
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.
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