Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 24.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,419 shares of the company’s stock after selling 1,106 shares during the period. Nisa Investment Advisors LLC’s holdings in Ethan Allen Interiors were worth $95,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ethan Allen Interiors by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company’s stock worth $366,000 after buying an additional 448 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Ethan Allen Interiors by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company’s stock valued at $801,000 after acquiring an additional 463 shares in the last quarter. Gotham Asset Management LLC raised its holdings in Ethan Allen Interiors by 5.8% in the 4th quarter. Gotham Asset Management LLC now owns 10,237 shares of the company’s stock valued at $288,000 after acquiring an additional 561 shares during the last quarter. Unison Advisors LLC lifted its stake in Ethan Allen Interiors by 2.6% in the 4th quarter. Unison Advisors LLC now owns 30,458 shares of the company’s stock worth $856,000 after purchasing an additional 781 shares in the last quarter. Finally, Comerica Bank grew its holdings in Ethan Allen Interiors by 4.3% in the 4th quarter. Comerica Bank now owns 20,927 shares of the company’s stock valued at $588,000 after buying an additional 858 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Down 0.7%

ETD stock opened at $28.98 on Friday. Ethan Allen Interiors Inc. has a 52-week low of $24.55 and a 52-week high of $35.62. The stock has a market cap of $736.96 million, a price-to-earnings ratio of 12.88 and a beta of 1.16. The business has a fifty day moving average of $27.63 and a two-hundred day moving average of $27.88.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Ethan Allen Interiors had a return on equity of 12.08% and a net margin of 9.29%. The business had revenue of $142.70 million for the quarter, compared to analyst estimates of $146.85 million. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a dividend of $0.39 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.56 annualized dividend and a dividend yield of 5.38%. Ethan Allen Interiors’s dividend payout ratio is currently 69.33%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a “market perform” rating on shares of Ethan Allen Interiors in a report on Tuesday, May 6th.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $26.85, for a total transaction of $268,500.00. Following the transaction, the chief executive officer owned 1,611,905 shares of the company’s stock, valued at approximately $43,279,649.25. This represents a 0.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 11,366 shares of company stock valued at $305,390 over the last ninety days. Insiders own 10.48% of the company’s stock.

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.