Millennium Management LLC Purchases 150,409 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Millennium Management LLC lifted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 2,127.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,480 shares of the company's stock after buying an additional 150,409 shares during the period. Millennium Management LLC owned about 0.62% of Ethan Allen Interiors worth $4,392,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Boston Partners purchased a new position in Ethan Allen Interiors in the 1st quarter worth approximately $1,147,000. Vanguard Group Inc. increased its stake in Ethan Allen Interiors by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company's stock worth $56,720,000 after purchasing an additional 25,472 shares during the period. First Eagle Investment Management LLC purchased a new position in Ethan Allen Interiors in the 1st quarter worth approximately $2,354,000. Inspire Investing LLC purchased a new position in Ethan Allen Interiors in the 1st quarter worth approximately $742,000. Finally, Heartland Advisors Inc. purchased a new position in Ethan Allen Interiors in the 1st quarter worth approximately $5,490,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $30.36, for a total value of $303,600.00. Following the sale, the chief executive officer now directly owns 1,712,319 shares of the company's stock, valued at approximately $51,986,004.84. The trade was a 0.00 % 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 30,000 shares of company stock worth $931,500 over the last ninety days. 10.48% of the stock is owned by corporate insiders.

Ethan Allen Interiors Trading Up 0.2 %

Shares of ETD stock traded up $0.05 during trading hours on Friday, reaching $29.69. The company's stock had a trading volume of 233,752 shares, compared to its average volume of 234,434. The stock has a market capitalization of $755.02 million, a P/E ratio of 11.97 and a beta of 1.25. Ethan Allen Interiors Inc. has a one year low of $25.33 and a one year high of $35.62. The firm's fifty day simple moving average is $30.75 and its 200 day simple moving average is $30.03.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. The firm had revenue of $168.63 million for the quarter, compared to analyst estimates of $159.65 million. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The business's quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS. As a group, equities research analysts forecast that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 13th were given a dividend of $0.39 per share. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

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

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.