Ethan Allen Interiors Inc. $ETD Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 26.7% during the second quarter, HoldingsChannel.com reports. The firm owned 41,353 shares of the company’s stock after buying an additional 8,726 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Ethan Allen Interiors were worth $1,152,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. IFP Advisors Inc increased its position in Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company’s stock worth $25,000 after purchasing an additional 900 shares in the last quarter. AlphaQuest LLC grew its stake 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 period. Quarry LP increased its position in shares of Ethan Allen Interiors by 72.2% in the first quarter. Quarry LP now owns 4,484 shares of the company’s stock worth $124,000 after acquiring an additional 1,880 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Ethan Allen Interiors in the first quarter worth $138,000. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Ethan Allen Interiors by 50.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,000 shares of the company’s stock valued at $167,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $27.58 on Monday. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $32.61. The company has a market capitalization of $701.94 million, a price-to-earnings ratio of 13.72 and a beta of 1.12. The firm’s fifty day moving average price is $28.86 and its 200 day moving average price is $28.28.

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, beating analysts’ consensus estimates of $0.45 by $0.04. The company 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%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. Analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Wednesday, August 13th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 77.61%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ETD. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ethan Allen Interiors in a research report on Wednesday, October 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday. Finally, Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.00.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $28.01, for a total value of $420,150.00. Following the transaction, the chief executive officer directly owned 1,583,652 shares of the company’s stock, valued at $44,358,092.52. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 31,400 shares of company stock worth $900,866. 9.92% of the stock is owned by insiders.

About Ethan Allen Interiors

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.