Kovitz Investment Group Partners LLC Sells 5,768 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Kovitz Investment Group Partners LLC decreased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 14.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,992 shares of the company’s stock after selling 5,768 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Ethan Allen Interiors were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of ETD. Hillsdale Investment Management Inc. raised its stake in Ethan Allen Interiors by 213.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock worth $53,000 after purchasing an additional 1,280 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Ethan Allen Interiors in the fourth quarter valued at approximately $112,000. Arete Wealth Advisors LLC boosted its stake in shares of Ethan Allen Interiors by 21.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company’s stock valued at $272,000 after buying an additional 1,688 shares during the period. Exchange Traded Concepts LLC grew its position in Ethan Allen Interiors by 6.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after buying an additional 650 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Ethan Allen Interiors by 11.0% during the 4th quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock worth $312,000 after acquiring an additional 1,097 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ETD. 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 restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

Ethan Allen Interiors Price Performance

NYSE ETD opened at $28.77 on Wednesday. The business has a fifty day moving average price of $27.38 and a two-hundred day moving average price of $28.64. The stock has a market capitalization of $731.65 million, a PE ratio of 12.09 and a beta of 1.18. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $26.31, for a total transaction of $263,100.00. Following the sale, the chief executive officer now directly owns 1,621,905 shares of the company’s stock, valued at approximately $42,672,320.55. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 30,000 shares of company stock valued at $822,800. 10.48% of the stock is currently owned by corporate insiders.

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.