Mirae Asset Global Investments Co. Ltd. Buys 2,151 Shares of Ethan Allen Interiors Inc. $ETD

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,594 shares of the company’s stock after buying an additional 2,151 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Ethan Allen Interiors worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc increased its holdings in Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company’s stock worth $25,000 after buying an additional 900 shares during the last quarter. AlphaQuest LLC increased its holdings in Ethan Allen Interiors by 344.8% during the first quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock worth $94,000 after buying an additional 2,634 shares during the last quarter. Quarry LP increased its holdings in Ethan Allen Interiors by 72.2% during the first quarter. Quarry LP now owns 4,484 shares of the company’s stock worth $124,000 after buying an additional 1,880 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Ethan Allen Interiors during the first quarter worth $138,000. Finally, US Bancorp DE increased its holdings in Ethan Allen Interiors by 461.9% during the first quarter. US Bancorp DE now owns 6,186 shares of the company’s stock worth $171,000 after buying an additional 5,085 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ETD. Telsey Advisory Group restated a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a report on Thursday, July 31st. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Ethan Allen Interiors in a report on Wednesday. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Ethan Allen Interiors Stock Down 2.6%

ETD opened at $26.90 on Friday. Ethan Allen Interiors Inc. has a twelve month low of $24.55 and a twelve month high of $32.61. The company has a 50-day simple moving average of $29.28 and a 200 day simple moving average of $28.21. The stock has a market capitalization of $684.61 million, a price-to-earnings ratio of 13.38 and a beta of 1.12.

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

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Wednesday, August 13th were issued a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.8%. Ethan Allen Interiors’s dividend payout ratio is 77.61%.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 15,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $29.37, for a total value of $440,550.00. Following the completion of the transaction, the chief executive officer owned 1,598,652 shares of the company’s stock, valued at approximately $46,952,409.24. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.92% of the company’s stock.

Ethan Allen Interiors Company 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.