Apollon Wealth Management LLC Sells 502 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Apollon Wealth Management LLC reduced its position in Ethan Allen Interiors Inc. (NYSE:ETDFree Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,362 shares of the company’s stock after selling 502 shares during the period. Apollon Wealth Management LLC’s holdings in Ethan Allen Interiors were worth $299,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AJOVista LLC bought a new position in Ethan Allen Interiors during the 4th quarter valued at $41,000. PNC Financial Services Group Inc. lifted its stake in Ethan Allen Interiors by 171.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,563 shares of the company’s stock valued at $136,000 after acquiring an additional 2,884 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Ethan Allen Interiors during the 3rd quarter valued at $203,000. Arizona State Retirement System bought a new position in Ethan Allen Interiors during the 4th quarter valued at $204,000. Finally, Evergreen Capital Management LLC bought a new position in Ethan Allen Interiors during the 3rd quarter valued at $213,000. 83.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, April 25th.

View Our Latest Analysis on ETD

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $29.94 on Tuesday. Ethan Allen Interiors Inc. has a 1 year low of $24.76 and a 1 year high of $36.19. The firm has a market cap of $760.78 million, a PE ratio of 10.89 and a beta of 1.25. The stock has a fifty day moving average price of $31.95 and a 200-day moving average price of $30.35.

Ethan Allen Interiors (NYSE:ETDGet Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.18). Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.93%. The business had revenue of $146.42 million for the quarter, compared to analysts’ expectations of $168.15 million. During the same period in the prior year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, May 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 5.21%. Ethan Allen Interiors’s dividend payout ratio is 56.73%.

About Ethan Allen Interiors

(Free Report)

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.

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Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETD)

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