Allspring Global Investments Holdings LLC Sells 94,199 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 55.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,090 shares of the company’s stock after selling 94,199 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.30% of Ethan Allen Interiors worth $2,461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Ethan Allen Interiors by 10.8% during the third quarter. American Century Companies Inc. now owns 375,968 shares of the company’s stock worth $11,241,000 after purchasing an additional 36,579 shares during the period. Mainstay Capital Management LLC ADV boosted its position in Ethan Allen Interiors by 26.4% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 55,618 shares of the company’s stock worth $1,775,000 after purchasing an additional 11,609 shares during the period. Cambria Investment Management L.P. boosted its position in Ethan Allen Interiors by 8.5% during the third quarter. Cambria Investment Management L.P. now owns 286,216 shares of the company’s stock worth $8,558,000 after purchasing an additional 22,344 shares during the period. Invesco Ltd. boosted its position in Ethan Allen Interiors by 35.6% during the third quarter. Invesco Ltd. now owns 416,348 shares of the company’s stock worth $12,449,000 after purchasing an additional 109,235 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Ethan Allen Interiors by 6.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 66,868 shares of the company’s stock worth $2,134,000 after purchasing an additional 4,068 shares during the period. Institutional investors own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Friday.

Ethan Allen Interiors Trading Up 1.8 %

ETD stock opened at $31.82 on Monday. The firm has a 50 day moving average of $32.47 and a 200-day moving average of $30.27. Ethan Allen Interiors Inc. has a 12 month low of $24.76 and a 12 month high of $36.19. The firm has a market capitalization of $808.23 million, a P/E ratio of 10.20 and a beta of 1.22.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The firm had revenue of $167.28 million during the quarter, compared to the consensus estimate of $179.20 million. During the same quarter last year, the business posted $1.10 earnings per share. Ethan Allen Interiors’s revenue was down 17.7% compared to the same quarter last year. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.7 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Tuesday, February 6th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Monday, February 5th. Ethan Allen Interiors’s dividend payout ratio is currently 46.15%.

Ethan Allen Interiors 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.