Allianz Asset Management GmbH Buys Shares of 7,406 Ethan Allen Interiors Inc. (NYSE:ETD)

Allianz Asset Management GmbH bought a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,406 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors also recently made changes to their positions in the stock. IFP Advisors Inc increased its position in Ethan Allen Interiors by 12,857.1% in the 1st 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. State of Wyoming acquired a new position in shares of Ethan Allen Interiors during the fourth quarter valued at $52,000. Quarry LP raised its stake in shares of Ethan Allen Interiors by 73.3% during the fourth quarter. Quarry LP now owns 2,604 shares of the company’s stock valued at $73,000 after purchasing an additional 1,101 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Ethan Allen Interiors in the fourth quarter worth about $112,000. Finally, Prosperity Consulting Group LLC grew its position in Ethan Allen Interiors by 35.1% in the 4th quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company’s stock valued at $264,000 after buying an additional 2,440 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $26.85, for a total value of $268,500.00. Following the transaction, the chief executive officer owned 1,611,905 shares of the company’s stock, valued at $43,279,649.25. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 11,366 shares of company stock valued at $305,390. 10.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, July 31st.

Ethan Allen Interiors Price Performance

ETD opened at $29.21 on Tuesday. The business has a 50 day moving average price of $28.21 and a two-hundred day moving average price of $27.99. The company has a market capitalization of $742.78 million, a price-to-earnings ratio of 14.53 and a beta of 1.19. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $33.77.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%. The company had revenue of $160.36 million for the quarter, compared to the consensus estimate of $152.20 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. Equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Wednesday, August 13th. Ethan Allen Interiors’s dividend payout ratio is presently 77.61%.

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.