LSV Asset Management Sells 3,400 Shares of Ethan Allen Interiors Inc. $ETD

LSV Asset Management lowered its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 581,800 shares of the company’s stock after selling 3,400 shares during the quarter. LSV Asset Management’s holdings in Ethan Allen Interiors were worth $16,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Capital Management LLC bought a new position in Ethan Allen Interiors during the second quarter worth about $8,087,000. Geode Capital Management LLC lifted its stake in shares of Ethan Allen Interiors by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 548,021 shares of the company’s stock valued at $15,263,000 after buying an additional 6,729 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Ethan Allen Interiors by 24.6% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 43,546 shares of the company’s stock worth $1,213,000 after buying an additional 8,593 shares during the period. First Eagle Investment Management LLC grew its stake in Ethan Allen Interiors by 1.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 221,661 shares of the company’s stock valued at $6,173,000 after buying an additional 3,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in 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 valued at $11,587,000 after acquiring an additional 8,311 shares during the period. 83.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of Ethan Allen Interiors 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 transaction, the chief executive officer directly owned 1,583,652 shares of the company’s stock, valued at approximately $44,358,092.52. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 31,400 shares of company stock worth $900,866 in the last quarter. 9.92% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ETD. Zacks Research cut Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Telsey Advisory Group reduced their target price on Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ethan Allen Interiors in a report on Friday, October 31st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ethan Allen Interiors presently has a consensus rating of “Reduce” and a consensus target price of $28.00.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $22.40 on Thursday. The firm has a market capitalization of $569.89 million, a PE ratio of 12.11 and a beta of 1.18. Ethan Allen Interiors Inc. has a 52-week low of $21.67 and a 52-week high of $32.61. The firm has a fifty day moving average of $26.83 and a 200 day moving average of $27.84.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 7.79%.The firm had revenue of $146.98 million for the quarter, compared to the consensus estimate of $149.15 million. During the same period last year, the firm earned $0.58 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $1.56 annualized dividend and a yield of 7.0%. Ethan Allen Interiors’s dividend payout ratio is currently 84.32%.

Ethan Allen Interiors 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.