Koss Olinger Consulting LLC Sells 897 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Koss Olinger Consulting LLC lowered its position in Ethan Allen Interiors Inc. (NYSE:ETD) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,053 shares of the company’s stock after selling 897 shares during the period. Koss Olinger Consulting LLC’s holdings in Ethan Allen Interiors were worth $423,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ETD. Victory Capital Management Inc. boosted its holdings in Ethan Allen Interiors by 13.4% in the 3rd quarter. Victory Capital Management Inc. now owns 10,004 shares of the company’s stock worth $319,000 after buying an additional 1,180 shares during the period. Jennison Associates LLC boosted its holdings in shares of Ethan Allen Interiors by 11.8% during the 3rd quarter. Jennison Associates LLC now owns 39,668 shares of the company’s stock valued at $1,265,000 after purchasing an additional 4,194 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $1,132,000. Intech Investment Management LLC bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $305,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Ethan Allen Interiors by 121.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 30,020 shares of the company’s stock valued at $957,000 after purchasing an additional 16,465 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Up 2.0 %

ETD opened at $27.44 on Thursday. Ethan Allen Interiors Inc. has a 52 week low of $26.13 and a 52 week high of $35.62. The firm has a 50-day simple moving average of $28.66 and a two-hundred day simple moving average of $29.41. The company has a market capitalization of $697.80 million, a PE ratio of 11.53 and a beta of 1.27.

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

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s payout ratio is 65.55%.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the transaction, the chief executive officer now owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 30,000 shares of company stock valued at $846,400. Insiders own 10.48% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ETD shares. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

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.