Hunter Associates Investment Management LLC Sells 1,050 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Hunter Associates Investment Management LLC reduced its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 11.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,100 shares of the company’s stock after selling 1,050 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Ethan Allen Interiors were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $50,000. nVerses Capital LLC bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $92,000. Y Intercept Hong Kong Ltd bought a new position in shares of Ethan Allen Interiors during the 3rd quarter valued at about $216,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of 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 valued at $244,000 after purchasing an additional 543 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the sale, the chief executive officer now directly owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. This trade represents a 0.59 % 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 own 10.48% of the company’s stock.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $31.01 on Friday. The business’s 50 day simple moving average is $29.16 and its two-hundred day simple moving average is $29.87. The stock has a market capitalization of $788.58 million, a P/E ratio of 13.03 and a beta of 1.31. Ethan Allen Interiors Inc. has a one year low of $26.53 and a one year high of $35.62.

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 return on equity of 12.62% and a net margin of 9.76%. Sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.3 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.03%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 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.