Pacer Advisors Inc. Trims Stock Holdings in Ethan Allen Interiors Inc. (NYSE:ETD)

Pacer Advisors Inc. cut its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETDFree Report) by 2.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 496,152 shares of the company’s stock after selling 11,054 shares during the quarter. Pacer Advisors Inc.’s holdings in Ethan Allen Interiors were worth $15,837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming purchased a new stake in shares of Ethan Allen Interiors during the fourth quarter valued at about $30,000. Tower Research Capital LLC TRC raised its position in shares of Ethan Allen Interiors by 234.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,212 shares of the company’s stock worth $34,000 after acquiring an additional 850 shares during the period. Metropolitan Life Insurance Co NY acquired a new position in shares of Ethan Allen Interiors during the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. acquired a new stake in shares of Ethan Allen Interiors during the 1st quarter worth approximately $41,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Ethan Allen Interiors in the first quarter valued at approximately $50,000. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $33.43 on Wednesday. The firm has a market capitalization of $849.12 million, a PE ratio of 10.71 and a beta of 1.22. The firm’s 50-day simple moving average is $31.35 and its 200 day simple moving average is $29.92. Ethan Allen Interiors Inc. has a 52 week low of $24.76 and a 52 week high of $36.19.

Ethan Allen Interiors (NYSE:ETDGet Free Report) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). The business had revenue of $167.28 million during the quarter, compared to analysts’ expectations of $179.20 million. Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. Ethan Allen Interiors’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. On average, research analysts expect that Ethan Allen Interiors Inc. will post 2.7 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.36 per share. The ex-dividend date was Monday, February 5th. This represents a $1.44 dividend on an annualized basis and a yield of 4.31%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 46.15%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday, January 25th.

View Our Latest Report on ETD

Ethan Allen Interiors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETD)

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