Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,243 shares of the company’s stock after selling 2,721 shares during the period. SG Americas Securities LLC’s holdings in Ethan Allen Interiors were worth $457,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Quarry LP purchased a new stake in Ethan Allen Interiors during the third quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $50,000. nVerses Capital LLC purchased a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $92,000. Y Intercept Hong Kong Ltd acquired a new position in Ethan Allen Interiors in the 3rd quarter worth approximately $216,000. Finally, The Manufacturers Life Insurance Company grew 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 hedge funds and other institutional investors.

Ethan Allen Interiors Stock Down 2.2 %

NYSE ETD opened at $31.01 on Friday. The stock has a market capitalization of $788.58 million, a PE ratio of 13.03 and a beta of 1.31. Ethan Allen Interiors Inc. has a 12-month low of $26.53 and a 12-month high of $35.62. The company has a 50 day moving average price of $29.18 and a two-hundred day moving average price of $29.88.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. As a group, equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.3 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.03%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 65.55%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ETD. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Friday, January 17th. The shares were sold at an average price of $28.67, for a total transaction of $286,700.00. Following the sale, the chief executive officer now owns 1,651,905 shares in the company, valued at $47,360,116.35. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.48% of the stock is owned by company insiders.

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.