Inspire Investing LLC Sells 1,883 Shares of Ethan Allen Interiors Inc. $ETD

Inspire Investing LLC reduced its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,352 shares of the company’s stock after selling 1,883 shares during the quarter. Inspire Investing LLC’s holdings in Ethan Allen Interiors were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in ETD. IFP Advisors Inc lifted its position in shares of Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company’s stock valued at $25,000 after buying an additional 900 shares in the last quarter. State of Wyoming purchased a new position in shares of Ethan Allen Interiors during the 4th quarter valued at about $52,000. AlphaQuest LLC lifted its position in shares of Ethan Allen Interiors by 344.8% during the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock valued at $94,000 after buying an additional 2,634 shares in the last quarter. Quarry LP lifted its position in shares of Ethan Allen Interiors by 72.2% during the 1st quarter. Quarry LP now owns 4,484 shares of the company’s stock valued at $124,000 after buying an additional 1,880 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Ethan Allen Interiors during the 1st quarter valued at about $138,000. 83.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.00.

Insider Activity

In other news, CEO M Farooq Kathwari sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $29.37, for a total transaction of $440,550.00. Following the sale, the chief executive officer directly owned 1,598,652 shares of the company’s stock, valued at $46,952,409.24. This represents a 0.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.48% of the stock is owned by company insiders.

Ethan Allen Interiors Trading Up 0.0%

NYSE ETD opened at $29.14 on Thursday. The stock’s 50 day moving average is $29.55 and its 200 day moving average is $28.07. Ethan Allen Interiors Inc. has a 12 month low of $24.55 and a 12 month high of $33.77. The stock has a market cap of $741.06 million, a PE ratio of 14.50 and a beta of 1.13.

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

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Wednesday, August 13th. Ethan Allen Interiors’s dividend payout ratio is 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.