Royce & Associates LP Sells 30,663 Shares of Ethan Allen Interiors Inc. $ETD

Royce & Associates LP reduced its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 591,155 shares of the company’s stock after selling 30,663 shares during the quarter. Royce & Associates LP owned approximately 2.32% of Ethan Allen Interiors worth $17,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Ethan Allen Interiors by 6.2% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock valued at $253,000 after purchasing an additional 500 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ethan Allen Interiors by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after buying an additional 538 shares during the period. Federated Hermes Inc. grew its stake in Ethan Allen Interiors by 2.2% in the 3rd quarter. Federated Hermes Inc. now owns 24,543 shares of the company’s stock valued at $723,000 after buying an additional 539 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Ethan Allen Interiors by 6.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 9,432 shares of the company’s stock worth $278,000 after acquiring an additional 549 shares during the period. Finally, Vident Advisory LLC lifted its position in Ethan Allen Interiors by 4.1% during the 2nd quarter. Vident Advisory LLC now owns 17,755 shares of the company’s stock worth $494,000 after acquiring an additional 692 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

ETD has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Telsey Advisory Group cut their price objective on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a research report on Thursday, January 29th. Weiss Ratings raised Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Sunday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.00.

Insider Activity

In other news, CEO M Farooq Kathwari sold 2,168 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $25.01, for a total value of $54,221.68. Following the completion of the transaction, the chief executive officer owned 1,483,228 shares in the company, valued at approximately $37,095,532.28. This represents a 0.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 9.92% of the company’s stock.

Ethan Allen Interiors Stock Down 0.9%

Shares of ETD opened at $22.57 on Tuesday. The stock’s 50-day moving average price is $23.66 and its 200 day moving average price is $25.61. The firm has a market capitalization of $574.32 million, a price-to-earnings ratio of 13.12 and a beta of 1.20. Ethan Allen Interiors Inc. has a 12-month low of $21.67 and a 12-month high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $149.92 million for the quarter, compared to analyst estimates of $152.25 million. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.Ethan Allen Interiors’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Wednesday, February 11th. Ethan Allen Interiors’s payout ratio is 90.70%.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.