Versor Investments LP Sells 11,774 Shares of Ethan Allen Interiors Inc. $ETD

Versor Investments LP decreased its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 33.6% during the second quarter, Holdings Channel.com reports. The fund owned 23,226 shares of the company’s stock after selling 11,774 shares during the quarter. Versor Investments LP’s holdings in Ethan Allen Interiors were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ETD. Gilman Hill Asset Management LLC bought a new stake in shares of Ethan Allen Interiors during the second quarter valued at approximately $6,202,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Ethan Allen Interiors during the first quarter valued at approximately $3,254,000. Jane Street Group LLC raised its position in shares of Ethan Allen Interiors by 31.2% during the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock valued at $10,304,000 after buying an additional 88,383 shares during the last quarter. Trexquant Investment LP raised its position in shares of Ethan Allen Interiors by 345.6% during the first quarter. Trexquant Investment LP now owns 93,332 shares of the company’s stock valued at $2,585,000 after buying an additional 72,386 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Ethan Allen Interiors during the second quarter valued at approximately $2,008,000. Institutional investors own 83.80% of the company’s stock.

Insider Buying and Selling

In other news, CEO M Farooq Kathwari sold 15,000 shares of Ethan Allen Interiors stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $28.01, for a total transaction of $420,150.00. Following the completion of the sale, the chief executive officer directly owned 1,583,652 shares in the company, valued at approximately $44,358,092.52. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 31,400 shares of company stock worth $900,866 over the last ninety days. 9.92% of the stock is owned by insiders.

Analyst Ratings Changes

ETD has been the topic of several recent analyst reports. Zacks Research cut shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 30th. Telsey Advisory Group reduced their price objective on shares of Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ethan Allen Interiors in a research report on Friday. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $28.00.

Ethan Allen Interiors Stock Performance

ETD stock opened at $23.87 on Tuesday. The firm has a fifty day moving average price of $28.41 and a 200 day moving average price of $28.27. Ethan Allen Interiors Inc. has a fifty-two week low of $23.67 and a fifty-two week high of $32.61. The firm has a market cap of $607.32 million, a PE ratio of 12.90 and a beta of 1.12.

Ethan Allen Interiors (NYSE:ETD) last posted its earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share 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 10.06%. The business had revenue of $146.98 million during the quarter, compared to analysts’ expectations of $149.15 million. During the same period last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, equities analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Wednesday, November 12th. Ethan Allen Interiors’s payout ratio is presently 84.32%.

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.