Ethan Allen Interiors Inc. $ETD Shares Newly Purchased by Viking Fund Management LLC

Viking Fund Management LLC purchased a new stake in Ethan Allen Interiors Inc. (NYSE:ETD) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 25,000 shares of the company’s stock, valued at approximately $523,000. Viking Fund Management LLC owned 0.10% of Ethan Allen Interiors as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP acquired a new position in Ethan Allen Interiors in the second quarter valued at approximately $30,000. NewEdge Advisors LLC acquired a new position in Ethan Allen Interiors during the 2nd quarter valued at approximately $67,000. PNC Financial Services Group Inc. boosted its position in Ethan Allen Interiors by 132.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock valued at $87,000 after purchasing an additional 2,219 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Ethan Allen Interiors during the 1st quarter worth $88,000. Finally, Dunhill Financial LLC bought a new position in Ethan Allen Interiors during the 2nd quarter worth $92,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Trading Down 1.9%

Shares of NYSE:ETD opened at $20.04 on Thursday. The company has a 50 day moving average of $22.11 and a 200-day moving average of $21.81. The firm has a market cap of $505.01 million, a P/E ratio of 13.90 and a beta of 1.04. Ethan Allen Interiors Inc. has a twelve month low of $18.28 and a twelve month high of $28.39.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The business had revenue of $146.75 million during the quarter, compared to analyst estimates of $148.70 million. During the same period in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Equities research analysts forecast that Ethan Allen Interiors Inc. will post 1.30 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, September 17th. Investors of record on Thursday, September 3rd were issued a dividend of $3.00 per share. The ex-dividend date was Thursday, September 3rd. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 100.00%.

Analysts Set New Price Targets

ETD has been the topic of several analyst reports. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. Zacks Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Telsey Advisory Group dropped their price objective on shares of Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating on the stock in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus target price of $22.00.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Kathwari sold 22,811 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $25.04, for a total value of $571,187.44. Following the completion of the sale, the chief executive officer owned 1,465,530 shares in the company, valued at $36,696,871.20. This represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.92% of the company’s stock.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc is an American furniture and home furnishings company that designs, manufactures, markets and sells products for residential interiors. Its offerings include living room, bedroom, dining room and home office furniture, along with case goods, upholstery, lighting, rugs, window treatments, wall decor and other accessories.

The company operates through a vertically integrated business model that combines product design, manufacturing, retailing and interior design services.