Ethan Allen Interiors Inc. $ETD Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 1.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 548,021 shares of the company’s stock after purchasing an additional 6,729 shares during the period. Geode Capital Management LLC owned 2.16% of Ethan Allen Interiors worth $15,263,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH boosted its position in shares of Ethan Allen Interiors by 5.1% during the second quarter. Allianz Asset Management GmbH now owns 7,783 shares of the company’s stock worth $217,000 after buying an additional 377 shares during the period. IFP Advisors Inc raised its holdings in Ethan Allen Interiors by 44.0% during the 2nd quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock worth $36,000 after buying an additional 399 shares during the period. Unison Advisors LLC boosted its stake in Ethan Allen Interiors by 1.5% in the 2nd quarter. Unison Advisors LLC now owns 31,330 shares of the company’s stock worth $873,000 after purchasing an additional 458 shares during the period. HighTower Advisors LLC raised its position in Ethan Allen Interiors by 6.9% during the first quarter. HighTower Advisors LLC now owns 8,129 shares of the company’s stock valued at $225,000 after buying an additional 522 shares during the period. Finally, SummerHaven Investment Management LLC lifted its position in shares of Ethan Allen Interiors by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 29,439 shares of the company’s stock worth $820,000 after purchasing an additional 525 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Ethan Allen Interiors Price Performance

NYSE ETD opened at $23.98 on Tuesday. Ethan Allen Interiors Inc. has a one year low of $21.67 and a one year high of $32.61. The firm has a market cap of $610.20 million, a PE ratio of 12.96 and a beta of 1.18. The stock’s 50 day simple moving average is $25.87 and its 200 day simple moving average is $27.65.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 7.79%.The company had revenue of $146.98 million for the quarter, compared to analyst estimates of $149.15 million. During the same quarter last year, the company earned $0.58 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is 84.32%.

Analyst Ratings Changes

ETD has been the subject of several recent research reports. Zacks Research cut Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Telsey Advisory Group lowered their target price on Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating on the stock in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ethan Allen Interiors in a research report on Wednesday, November 26th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $28.00.

Insider Activity

In other news, CEO M Farooq Kathwari sold 15,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total transaction of $420,150.00. Following the completion of the sale, the chief executive officer owned 1,583,652 shares in the company, valued at $44,358,092.52. The trade was a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 31,400 shares of company stock valued at $900,866. 9.92% of the stock is currently owned by company 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.