Principal Financial Group Inc. Sells 14,691 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Principal Financial Group Inc. reduced its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,639 shares of the company’s stock after selling 14,691 shares during the period. Principal Financial Group Inc.’s holdings in Ethan Allen Interiors were worth $3,401,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ETD. Vanguard Group Inc. grew its position in shares of Ethan Allen Interiors by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock valued at $56,720,000 after purchasing an additional 25,472 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Ethan Allen Interiors by 4.5% in the second quarter. Pacer Advisors Inc. now owns 888,760 shares of the company’s stock valued at $24,788,000 after purchasing an additional 38,101 shares during the last quarter. American Century Companies Inc. grew its position in shares of Ethan Allen Interiors by 15.3% in the second quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock valued at $15,283,000 after purchasing an additional 72,767 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of Ethan Allen Interiors by 16.6% in the second quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock valued at $15,187,000 after purchasing an additional 77,565 shares during the last quarter. Finally, Millennium Management LLC grew its position in shares of Ethan Allen Interiors by 2,127.1% in the second quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock valued at $4,392,000 after purchasing an additional 150,409 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total value of $317,400.00. Following the completion of the transaction, the chief executive officer now owns 1,708,905 shares in the company, valued at approximately $54,240,644.70. The trade was a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 30,000 shares of company stock worth $913,800. Insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Stock Up 0.9 %

Shares of ETD opened at $29.24 on Friday. The stock has a market cap of $743.57 million, a price-to-earnings ratio of 11.72 and a beta of 1.27. 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 $30.10 and a two-hundred day moving average price of $29.56.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

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.