LSV Asset Management Has $16.20 Million Stock Holdings in Ethan Allen Interiors Inc. $ETD

LSV Asset Management trimmed its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 581,800 shares of the company’s stock after selling 3,400 shares during the period. LSV Asset Management owned approximately 2.29% of Ethan Allen Interiors worth $16,203,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ETD. IFP Advisors Inc grew its stake in Ethan Allen Interiors by 12,857.1% in the first quarter. IFP Advisors Inc now owns 907 shares of the company’s stock valued at $25,000 after acquiring an additional 900 shares during the period. AlphaQuest LLC lifted its holdings in shares of Ethan Allen Interiors by 344.8% in the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock worth $94,000 after purchasing an additional 2,634 shares in the last quarter. Quarry LP lifted its holdings in shares of Ethan Allen Interiors by 72.2% in the 1st quarter. Quarry LP now owns 4,484 shares of the company’s stock worth $124,000 after purchasing an additional 1,880 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Ethan Allen Interiors in the 1st quarter valued at $138,000. Finally, KLP Kapitalforvaltning AS increased its stake in Ethan Allen Interiors by 50.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,000 shares of the company’s stock valued at $167,000 after purchasing an additional 2,000 shares in the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total transaction of $420,150.00. Following the completion of the sale, the chief executive officer owned 1,583,652 shares in the company, valued at $44,358,092.52. This trade represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 31,400 shares of company stock worth $900,866. 9.92% of the stock is owned by corporate insiders.

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD opened at $22.40 on Thursday. Ethan Allen Interiors Inc. has a 1 year low of $21.67 and a 1 year high of $32.61. The company has a market capitalization of $569.89 million, a PE ratio of 12.11 and a beta of 1.18. The business has a fifty day moving average price of $26.83 and a two-hundred day moving average price of $27.84.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, October 29th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $146.98 million for the quarter, compared to the consensus estimate of $149.15 million. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 7.79%.The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Sell-side analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Wednesday, November 12th. Ethan Allen Interiors’s payout ratio is presently 84.32%.

Wall Street Analyst Weigh In

ETD has been the topic of a number of recent research reports. Telsey Advisory Group dropped their price objective on shares of Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Ethan Allen Interiors in a report on Friday, October 31st. Finally, Zacks Research downgraded Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ethan Allen Interiors presently has an average rating of “Reduce” and an average target price of $28.00.

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.