Stifel Financial Corp Sells 700 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Stifel Financial Corp reduced its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,073 shares of the company’s stock after selling 700 shares during the period. Stifel Financial Corp owned about 0.14% of Ethan Allen Interiors worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ETD. Hillsdale Investment Management Inc. increased its position in Ethan Allen Interiors by 213.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock valued at $53,000 after acquiring an additional 1,280 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Ethan Allen Interiors in the fourth quarter worth $112,000. Arete Wealth Advisors LLC increased its holdings in Ethan Allen Interiors by 21.1% in the fourth quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company’s stock valued at $272,000 after purchasing an additional 1,688 shares during the period. Exchange Traded Concepts LLC raised its position in Ethan Allen Interiors by 6.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after purchasing an additional 650 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Ethan Allen Interiors by 11.0% during the 4th quarter. Victory Capital Management Inc. now owns 11,101 shares of the company’s stock worth $312,000 after buying an additional 1,097 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $26.31, for a total value of $263,100.00. Following the transaction, the chief executive officer now owns 1,621,905 shares in the company, valued at approximately $42,672,320.55. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 30,000 shares of company stock valued at $822,800 over the last ninety days. 10.48% of the stock is owned by corporate insiders.

Ethan Allen Interiors Trading Down 0.8 %

Shares of Ethan Allen Interiors stock opened at $26.09 on Friday. The business has a 50-day moving average price of $27.23 and a two-hundred day moving average price of $28.48. Ethan Allen Interiors Inc. has a 1-year low of $24.55 and a 1-year high of $35.62. The company has a market cap of $663.47 million, a P/E ratio of 10.96 and a beta of 1.20.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Monday, May 5th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $142.70 million for the quarter, compared to analyst estimates of $146.85 million. Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 EPS. Equities research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $0.39 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.98%. Ethan Allen Interiors’s payout ratio is presently 65.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Telsey Advisory Group restated a “market perform” rating on shares of Ethan Allen Interiors in a research report on Tuesday. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

About Ethan Allen Interiors

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.