Kestra Advisory Services LLC Decreases Holdings in Ethan Allen Interiors Inc. $ETD

Kestra Advisory Services LLC trimmed its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 69.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,570 shares of the company’s stock after selling 45,270 shares during the quarter. Kestra Advisory Services LLC’s holdings in Ethan Allen Interiors were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Unison Advisors LLC grew its holdings in shares of Ethan Allen Interiors by 1.6% in the first quarter. Unison Advisors LLC now owns 32,603 shares of the company’s stock worth $726,000 after acquiring an additional 517 shares during the period. Hodges Capital Management Inc. lifted its holdings in Ethan Allen Interiors by 24.2% in the first quarter. Hodges Capital Management Inc. now owns 211,909 shares of the company’s stock valued at $4,717,000 after acquiring an additional 41,226 shares during the period. First Dallas Securities Inc. boosted its position in Ethan Allen Interiors by 35.1% in the first quarter. First Dallas Securities Inc. now owns 59,525 shares of the company’s stock worth $1,325,000 after purchasing an additional 15,459 shares during the last quarter. Essex Financial Services Inc. grew its stake in shares of Ethan Allen Interiors by 68.7% during the 1st quarter. Essex Financial Services Inc. now owns 23,894 shares of the company’s stock valued at $532,000 after purchasing an additional 9,730 shares during the period. Finally, MQS Management LLC grew its stake in shares of Ethan Allen Interiors by 17.3% during the 1st quarter. MQS Management LLC now owns 11,270 shares of the company’s stock valued at $251,000 after purchasing an additional 1,659 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ETD. Telsey Advisory Group lowered their price objective on shares of Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a research note on Thursday, April 30th. Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings cut shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ethan Allen Interiors has an average rating of “Reduce” and a consensus target price of $24.00.

Ethan Allen Interiors Stock Performance

NYSE:ETD opened at $23.24 on Tuesday. The stock has a 50-day simple moving average of $21.49 and a two-hundred day simple moving average of $22.24. The firm has a market capitalization of $591.43 million, a PE ratio of 14.71 and a beta of 1.01. Ethan Allen Interiors Inc. has a 52-week low of $18.28 and a 52-week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The firm had revenue of $135.84 million for the quarter, compared to analysts’ expectations of $134.85 million. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. Equities analysts forecast that Ethan Allen Interiors Inc. will post 1.45 earnings per share for the current fiscal year.

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.