US Bancorp DE Sells 436 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

US Bancorp DE trimmed its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 28.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,101 shares of the company’s stock after selling 436 shares during the quarter. US Bancorp DE’s holdings in Ethan Allen Interiors were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in shares of Ethan Allen Interiors by 76.5% during the third quarter. Nisa Investment Advisors LLC now owns 8,267 shares of the company’s stock valued at $264,000 after acquiring an additional 3,583 shares during the period. Semanteon Capital Management LP acquired a new stake in Ethan Allen Interiors during the 3rd quarter worth approximately $328,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Ethan Allen Interiors by 12.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,945 shares of the company’s stock worth $443,000 after purchasing an additional 1,502 shares in the last quarter. Tectonic Advisors LLC boosted its position in Ethan Allen Interiors by 3.3% during the 3rd quarter. Tectonic Advisors LLC now owns 55,970 shares of the company’s stock worth $1,785,000 after acquiring an additional 1,773 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Ethan Allen Interiors during the 3rd quarter worth about $660,000. 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 the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total value of $317,400.00. Following the sale, the chief executive officer now directly owns 1,708,905 shares in the company, valued at $54,240,644.70. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 30,000 shares of company stock worth $913,800. Insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $28.90 on Tuesday. The stock has a market capitalization of $734.80 million, a P/E ratio of 11.60 and a beta of 1.27. The stock’s fifty day moving average is $30.11 and its 200 day moving average is $29.56. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.40%. Ethan Allen Interiors’s payout ratio is currently 63.16%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, October 31st.

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.