Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 12.9% in the 4th quarter, Holdings Channel reports. The firm owned 11,431 shares of the company’s stock after selling 1,700 shares during the period. Yousif Capital Management LLC’s holdings in Ethan Allen Interiors were worth $365,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Ethan Allen Interiors by 6.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,332 shares of the company’s stock valued at $369,000 after acquiring an additional 711 shares in the last quarter. Inspire Investing LLC purchased a new stake in Ethan Allen Interiors during the 3rd quarter valued at about $631,000. Joule Financial LLC grew its stake in Ethan Allen Interiors by 25.1% during the 3rd quarter. Joule Financial LLC now owns 13,559 shares of the company’s stock valued at $405,000 after acquiring an additional 2,717 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Ethan Allen Interiors by 35.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 171,289 shares of the company’s stock valued at $5,122,000 after acquiring an additional 44,946 shares in the last quarter. Finally, Arete Wealth Advisors LLC purchased a new stake in Ethan Allen Interiors during the 3rd quarter valued at about $257,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $30.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, April 25th.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $29.36 on Tuesday. The stock has a market cap of $745.97 million, a price-to-earnings ratio of 10.67 and a beta of 1.25. Ethan Allen Interiors Inc. has a 1-year low of $24.76 and a 1-year high of $36.19. The firm has a 50 day simple moving average of $32.19 and a 200-day simple moving average of $30.31.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). The business had revenue of $146.42 million for the quarter, compared to analyst estimates of $168.15 million. Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. Ethan Allen Interiors’s quarterly revenue was down 21.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. Equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a yield of 5.31%. Ethan Allen Interiors’s dividend payout ratio is 56.73%.

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.