First Dallas Securities Inc. Decreases Stock Position in Ethan Allen Interiors Inc. $ETD

First Dallas Securities Inc. lowered its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 4.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 108,790 shares of the company’s stock after selling 5,097 shares during the period. Ethan Allen Interiors comprises about 1.2% of First Dallas Securities Inc.’s investment portfolio, making the stock its 24th largest holding. First Dallas Securities Inc.’s holdings in Ethan Allen Interiors were worth $3,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of 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 acquiring an additional 900 shares during the last quarter. AlphaQuest LLC increased its stake in Ethan Allen Interiors by 344.8% in the first quarter. AlphaQuest LLC now owns 3,398 shares of the company’s stock worth $94,000 after purchasing an additional 2,634 shares during the period. Quarry LP lifted its position in shares of Ethan Allen Interiors by 72.2% during the first quarter. Quarry LP now owns 4,484 shares of the company’s stock worth $124,000 after purchasing an additional 1,880 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Ethan Allen Interiors during the first quarter valued at $138,000. Finally, KLP Kapitalforvaltning AS boosted its stake in shares of Ethan Allen Interiors by 50.0% during the second quarter. KLP Kapitalforvaltning AS now owns 6,000 shares of the company’s stock valued at $167,000 after purchasing an additional 2,000 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 15,000 shares of the company’s 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 $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 through this link. Over the last three months, insiders sold 31,400 shares of company stock valued at $900,866. Insiders own 9.92% of the company’s stock.

Ethan Allen Interiors Stock Performance

NYSE ETD opened at $23.68 on Monday. Ethan Allen Interiors Inc. has a one year low of $23.30 and a one year high of $32.61. The company has a market capitalization of $602.56 million, a price-to-earnings ratio of 12.80 and a beta of 1.18. The company’s 50-day simple moving average is $27.94 and its two-hundred day simple moving average is $28.18.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $146.98 million for the quarter, compared to the consensus estimate of $149.15 million. Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.06%. Ethan Allen Interiors’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.58 earnings per share. Equities analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.6%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 84.32%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ETD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ethan Allen Interiors in a research note on Friday, October 31st. Telsey Advisory Group reduced their target price 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, Zacks Research downgraded shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 30th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $28.00.

Ethan Allen Interiors 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.