Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 25.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,892 shares of the company's stock after selling 31,515 shares during the period. Truist Financial Corp owned about 0.37% of Ethan Allen Interiors worth $2,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. purchased a new position in shares of Ethan Allen Interiors during the 2nd quarter worth approximately $26,000. Innealta Capital LLC acquired a new position in shares of Ethan Allen Interiors in the second quarter worth $29,000. Meeder Asset Management Inc. lifted its position in shares of Ethan Allen Interiors by 2,366.0% in the first quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company's stock valued at $176,000 after acquiring an additional 4,874 shares in the last quarter. Cim LLC acquired a new stake in shares of Ethan Allen Interiors during the first quarter valued at $216,000. Finally, The Manufacturers Life Insurance Company increased its position in Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company's stock worth $244,000 after purchasing an additional 543 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,708,905 shares in the company, valued at $54,240,644.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders sold 30,000 shares of company stock worth $931,500. 10.48% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a report on Wednesday, July 24th.

Ethan Allen Interiors Stock Performance

NYSE ETD traded up $0.07 during mid-day trading on Friday, reaching $29.71. 233,752 shares of the stock were exchanged, compared to its average volume of 234,434. The business's fifty day simple moving average is $30.79 and its 200 day simple moving average is $30.08. The stock has a market capitalization of $755.53 million, a PE ratio of 12.11 and a beta of 1.25. Ethan Allen Interiors Inc. has a 1-year low of $25.33 and a 1-year high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.13. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The business had revenue of $168.63 million during the quarter, compared to the consensus estimate of $159.65 million. During the same quarter in the previous year, the business earned $0.96 earnings per share. The business's revenue for the quarter was down 10.0% on a year-over-year basis. On average, analysts anticipate that Ethan Allen Interiors Inc. will post 2.4 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 13th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.56 annualized dividend and a dividend yield of 5.25%. Ethan Allen Interiors's dividend payout ratio is presently 62.90%.

Ethan Allen Interiors Company Profile

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.