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

First Dallas Securities Inc. trimmed its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 62.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,066 shares of the company’s stock after selling 74,085 shares during the quarter. First Dallas Securities Inc.’s holdings in Ethan Allen Interiors were worth $1,006,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Dakota Wealth Management raised its holdings in shares of Ethan Allen Interiors by 2.5% in the 4th quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock worth $400,000 after purchasing an additional 430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ethan Allen Interiors by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after purchasing an additional 538 shares during the period. Vident Advisory LLC raised its holdings in shares of Ethan Allen Interiors by 4.1% during the 2nd quarter. Vident Advisory LLC now owns 17,755 shares of the company’s stock valued at $494,000 after buying an additional 692 shares during the period. Franklin Resources Inc. raised its holdings in shares of Ethan Allen Interiors by 4.6% during the 3rd quarter. Franklin Resources Inc. now owns 17,426 shares of the company’s stock valued at $513,000 after buying an additional 770 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Ethan Allen Interiors by 9.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,930 shares of the company’s stock valued at $249,000 after buying an additional 800 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Up 4.4%

Shares of NYSE ETD opened at $21.61 on Wednesday. Ethan Allen Interiors Inc. has a fifty-two week low of $18.28 and a fifty-two week high of $31.41. The business has a 50 day moving average price of $21.12 and a two-hundred day moving average price of $22.62. The firm has a market cap of $549.85 million, a PE ratio of 13.67 and a beta of 1.02.

Ethan Allen Interiors (NYSE:ETD) last issued 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. Ethan Allen Interiors had a return on equity of 8.54% and a net margin of 6.81%.The firm had revenue of $135.84 million during the quarter, compared to analyst estimates of $134.85 million. During the same quarter last year, the firm earned $0.38 EPS. Ethan Allen Interiors’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts anticipate that Ethan Allen Interiors Inc. will post 1.48 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date was Wednesday, May 13th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 98.73%.

Analyst Ratings Changes

ETD has been the topic of several analyst reports. Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $27.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, April 30th. Zacks Research downgraded Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Thursday, May 14th. Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a report on Sunday, March 1st. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Ethan Allen Interiors has a consensus rating of “Sell” and an average price target of $24.00.

Ethan Allen Interiors Company Profile

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.