Universal Beteiligungs und Servicegesellschaft mbH Has $738,000 Stake in Ethan Allen Interiors Inc. $ETD

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 72.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,039 shares of the company’s stock after selling 65,846 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of Ethan Allen Interiors worth $738,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. IFP Advisors Inc raised its position in shares of Ethan Allen Interiors by 44.0% during the 2nd quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock valued at $36,000 after acquiring an additional 399 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after buying an additional 2,398 shares during the period. CWM LLC increased its stake in shares of Ethan Allen Interiors by 391.4% in the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $125,000 after acquiring an additional 3,374 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in Ethan Allen Interiors by 50.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,000 shares of the company’s stock worth $167,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Ethan Allen Interiors by 4,532.6% during the third quarter. Versant Capital Management Inc now owns 5,976 shares of the company’s stock valued at $176,000 after purchasing an additional 5,847 shares during the period. Institutional investors own 83.80% of the company’s stock.

Insider Activity

In other news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $54,221.68. Following the sale, the chief executive officer owned 1,483,228 shares in the company, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 9.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ETD. Telsey Advisory Group lowered their price objective on shares of Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a research report on Thursday. Weiss Ratings cut Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Finally, Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $27.00.

Ethan Allen Interiors Trading Up 1.8%

Shares of ETD opened at $22.94 on Monday. The stock has a market capitalization of $583.82 million, a price-to-earnings ratio of 13.34 and a beta of 1.20. Ethan Allen Interiors Inc. has a 12 month low of $21.67 and a 12 month high of $31.90. The firm has a fifty day simple moving average of $23.85 and a 200 day simple moving average of $26.50.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $149.92 million for the quarter, compared to analysts’ expectations of $152.25 million. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. As a group, research analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 6.8%. Ethan Allen Interiors’s payout ratio is 90.70%.

Ethan Allen Interiors Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.