Pacer Advisors Inc. Decreases Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Pacer Advisors Inc. lessened its position in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 776,495 shares of the company’s stock after selling 31,586 shares during the period. Pacer Advisors Inc.’s holdings in Ethan Allen Interiors were worth $21,827,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Quarry LP acquired a new stake in shares of Ethan Allen Interiors during the third quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ethan Allen Interiors in the third quarter valued at $50,000. nVerses Capital LLC purchased a new stake in shares of Ethan Allen Interiors in the third quarter valued at about $92,000. Cim LLC lifted its position in shares of 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 acquiring an additional 741 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Ethan Allen Interiors in the 3rd quarter worth approximately $216,000. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the sale, the chief executive officer now directly owns 1,651,905 shares in the company, valued at $47,360,116.35. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors Stock Up 0.3 %

Shares of NYSE:ETD opened at $28.87 on Tuesday. The company has a market cap of $734.16 million, a PE ratio of 11.69 and a beta of 1.31. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The firm has a 50-day simple moving average of $29.12 and a 200 day simple moving average of $29.86.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a yield of 5.40%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 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.