State Street Corp Sells 15,575 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

State Street Corp lessened its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 880,437 shares of the company’s stock after selling 15,575 shares during the quarter. State Street Corp owned 3.46% of Ethan Allen Interiors worth $28,077,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Millennium Management LLC grew its stake in Ethan Allen Interiors by 2,127.1% during the second quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after buying an additional 150,409 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock worth $15,187,000 after acquiring an additional 77,565 shares in the last quarter. American Century Companies Inc. grew its position in Ethan Allen Interiors by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock worth $15,283,000 after acquiring an additional 72,767 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Ethan Allen Interiors by 88.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 128,091 shares of the company’s stock valued at $3,572,000 after purchasing an additional 59,999 shares in the last quarter. Finally, First Dallas Securities Inc. increased its holdings in Ethan Allen Interiors by 54.0% during the 2nd quarter. First Dallas Securities Inc. now owns 113,228 shares of the company’s stock valued at $3,157,000 after purchasing an additional 39,702 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, October 31st.

Ethan Allen Interiors Trading Down 0.5 %

ETD opened at $28.18 on Monday. Ethan Allen Interiors Inc. has a 1-year low of $26.53 and a 1-year high of $35.62. The stock has a market capitalization of $716.62 million, a PE ratio of 11.41 and a beta of 1.30. The firm has a 50-day moving average price of $29.69 and a two-hundred day moving average price of $29.71.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,671,905 shares in the company, valued at $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.48% of the stock is currently owned by corporate insiders.

Ethan Allen Interiors Profile

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.