Brevan Howard Capital Management LP Has $248,000 Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Brevan Howard Capital Management LP trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 34.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,812 shares of the company’s stock after selling 4,537 shares during the period. Brevan Howard Capital Management LP’s holdings in Ethan Allen Interiors were worth $248,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC lifted its stake in Ethan Allen Interiors by 2.4% during the fourth quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company’s stock worth $417,000 after purchasing an additional 342 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Ethan Allen Interiors by 6.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after buying an additional 650 shares in the last quarter. Unison Advisors LLC lifted its position in shares of Ethan Allen Interiors by 2.6% during the 4th quarter. Unison Advisors LLC now owns 30,458 shares of the company’s stock worth $856,000 after buying an additional 781 shares during the period. Comerica Bank boosted its stake in Ethan Allen Interiors by 4.3% in the 4th quarter. Comerica Bank now owns 20,927 shares of the company’s stock valued at $588,000 after buying an additional 858 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Ethan Allen Interiors by 11.0% in the 4th quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock valued at $312,000 after buying an additional 1,097 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Price Performance

NYSE ETD opened at $26.09 on Monday. The firm has a market cap of $663.47 million, a PE ratio of 10.96 and a beta of 1.20. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $35.62. The stock’s 50 day simple moving average is $27.23 and its 200 day simple moving average is $28.47.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. The business had revenue of $142.70 million during the quarter, compared to analyst estimates of $146.85 million. During the same period in the prior year, the firm posted $0.48 EPS. Ethan Allen Interiors’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.98%. The ex-dividend date is Thursday, May 15th. Ethan Allen Interiors’s payout ratio is presently 69.33%.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $26.31, for a total value of $263,100.00. Following the transaction, the chief executive officer now directly owns 1,621,905 shares in the company, valued at approximately $42,672,320.55. This trade represents a 0.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 30,000 shares of company stock valued at $822,800. Insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

ETD has been the subject of a number of analyst reports. Telsey Advisory Group reissued a “market perform” rating on shares of Ethan Allen Interiors in a report on Tuesday, May 6th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

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.