Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 314,459 shares of the company’s stock after selling 12,411 shares during the period. Royce & Associates LP owned 1.24% of Ethan Allen Interiors worth $10,028,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ETD. Vanguard Group Inc. boosted its holdings in shares of Ethan Allen Interiors by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock valued at $56,720,000 after buying an additional 25,472 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Ethan Allen Interiors by 4.5% during the second quarter. Pacer Advisors Inc. now owns 888,760 shares of the company’s stock worth $24,788,000 after purchasing an additional 38,101 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ethan Allen Interiors by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock valued at $15,283,000 after purchasing an additional 72,767 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock valued at $15,187,000 after purchasing an additional 77,565 shares during the period. Finally, Millennium Management LLC grew its stake in Ethan Allen Interiors by 2,127.1% during the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after buying an additional 150,409 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, October 31st.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $28.88 on Friday. The stock has a market capitalization of $734.42 million, a price-to-earnings ratio of 11.69 and a beta of 1.27. Ethan Allen Interiors Inc. has a one year low of $26.53 and a one year high of $35.62. The company has a 50-day simple moving average of $30.11 and a 200-day simple moving average of $29.55.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.40%. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total value of $317,400.00. Following the completion of the transaction, the chief executive officer now owns 1,708,905 shares in the company, valued at approximately $54,240,644.70. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 30,000 shares of company stock worth $929,700 over the last 90 days. Company insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Company 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.