Pacer Advisors Inc. Has $2.28 Million Stake in Ethan Allen Interiors Inc. $ETD

Pacer Advisors Inc. lowered its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 29.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,497 shares of the company’s stock after selling 32,132 shares during the period. Pacer Advisors Inc.’s holdings in Ethan Allen Interiors were worth $2,283,000 at the end of the most recent reporting period.

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

Ethan Allen Interiors Trading Down 0.8%

Shares of ETD opened at $22.80 on Wednesday. The firm’s fifty day simple moving average is $24.05 and its two-hundred day simple moving average is $27.26. Ethan Allen Interiors Inc. has a 12 month low of $21.67 and a 12 month high of $32.61. The stock has a market capitalization of $580.18 million, a P/E ratio of 12.32 and a beta of 1.17.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. The business had revenue of $146.98 million during the quarter, compared to analyst estimates of $149.15 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, research analysts predict 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 was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Wednesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 84.32%.

Analyst Ratings Changes

Several equities analysts have issued reports on ETD shares. Telsey Advisory Group decreased their price target on shares of Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating for the company in a research report on Thursday, October 30th. Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Zacks Research downgraded Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $28.00.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 15,000 shares of Ethan Allen Interiors stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $28.01, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.92% of the stock is currently owned by company insiders.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.