Ethan Allen Interiors Inc. (NYSE:ETD) Position Cut by Meeder Asset Management Inc.

Meeder Asset Management Inc. lowered its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 22.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,917 shares of the company’s stock after selling 1,163 shares during the period. Meeder Asset Management Inc.’s holdings in Ethan Allen Interiors were worth $110,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ETD. Intech Investment Management LLC bought a new stake in shares of Ethan Allen Interiors during the third quarter valued at about $305,000. FMR LLC increased its stake in Ethan Allen Interiors by 421.3% during the 3rd quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after buying an additional 15,309 shares during the period. BNP Paribas Financial Markets raised its position in shares of Ethan Allen Interiors by 3.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,015 shares of the company’s stock worth $1,053,000 after buying an additional 1,065 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $50,000. Finally, Atom Investors LP bought a new position in shares of Ethan Allen Interiors in the third quarter valued at approximately $335,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the transaction, the chief executive officer now owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 30,000 shares of company stock valued at $846,400 over the last three months. Insiders own 10.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Trading Up 0.5 %

NYSE:ETD opened at $27.84 on Wednesday. The company has a 50-day moving average of $28.55 and a 200-day moving average of $29.27. The firm has a market cap of $708.00 million, a price-to-earnings ratio of 11.70 and a beta of 1.27. Ethan Allen Interiors Inc. has a twelve month low of $26.13 and a twelve month high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last issued its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 65.55%.

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.