Ethan Allen Interiors Inc. (NYSE:ETD) Shares Bought by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC grew its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 21.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,706 shares of the company’s stock after purchasing an additional 1,688 shares during the period. Arete Wealth Advisors LLC’s holdings in Ethan Allen Interiors were worth $272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP purchased a new stake in Ethan Allen Interiors during the third quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $50,000. Hillsdale Investment Management Inc. lifted its position in shares of Ethan Allen Interiors by 213.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock worth $53,000 after buying an additional 1,280 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Ethan Allen Interiors in the 4th quarter valued at $112,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at $216,000. 83.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on ETD. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group restated a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, January 30th.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total transaction of $292,700.00. Following the completion of the transaction, the chief executive officer now owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. This represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $846,400 over the last three months. 10.48% of the stock is currently owned by company insiders.

Ethan Allen Interiors Price Performance

ETD stock opened at $26.63 on Monday. The company has a market cap of $677.18 million, a price-to-earnings ratio of 11.19 and a beta of 1.18. The company has a fifty day moving average price of $28.44 and a 200 day moving average price of $29.16. Ethan Allen Interiors Inc. has a 12 month low of $24.83 and a 12 month high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.86%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 65.55%.

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.