Maverick Capital Ltd. Buys Shares of 15,697 Ethan Allen Interiors Inc. (NYSE:ETD)

Maverick Capital Ltd. purchased a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) during the third quarter, Holdings Channel.com reports. The fund purchased 15,697 shares of the company’s stock, valued at approximately $501,000.

Several other hedge funds have also made changes to their positions in ETD. Hantz Financial Services Inc. purchased a new stake in Ethan Allen Interiors during the 2nd quarter worth approximately $26,000. Innealta Capital LLC purchased a new stake in shares of Ethan Allen Interiors during the second quarter worth $29,000. nVerses Capital LLC acquired a new stake in shares of Ethan Allen Interiors in the third quarter valued at $92,000. Cim LLC boosted its holdings in Ethan Allen Interiors by 11.9% in the second quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock worth $244,000 after purchasing an additional 543 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $30.87, for a total transaction of $308,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,698,905 shares of the company’s stock, valued at approximately $52,445,197.35. The trade was a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 30,000 shares of company stock valued at $913,800. Insiders own 10.48% of the company’s stock.

Ethan Allen Interiors Trading Down 0.1 %

Shares of NYSE:ETD opened at $30.73 on Monday. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The company’s 50 day moving average is $29.97 and its two-hundred day moving average is $29.58. The company has a market cap of $781.46 million, a PE ratio of 12.44 and a beta of 1.27.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.56 annualized dividend and a dividend yield of 5.08%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 63.16%.

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.