Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 776,495 shares of the company’s stock after selling 31,586 shares during the quarter. Pacer Advisors Inc. owned approximately 3.05% of Ethan Allen Interiors worth $21,827,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Ethan Allen Interiors by 10.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 30,043 shares of the company’s stock worth $845,000 after acquiring an additional 2,738 shares in the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Ethan Allen Interiors by 20.4% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 29,560 shares of the company’s stock worth $831,000 after purchasing an additional 5,003 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Ethan Allen Interiors by 6.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock worth $287,000 after purchasing an additional 650 shares in the last quarter. Inspire Investing LLC lifted its stake in Ethan Allen Interiors by 10.5% in the 4th quarter. Inspire Investing LLC now owns 14,235 shares of the company’s stock valued at $400,000 after buying an additional 1,348 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Ethan Allen Interiors by 17.0% in the 4th quarter. Wedge Capital Management L L P NC now owns 36,609 shares of the company’s stock worth $1,029,000 after buying an additional 5,321 shares during the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the transaction, the chief executive officer now directly owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. This represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 10.48% of the stock is currently owned by corporate insiders.

Ethan Allen Interiors Trading Up 0.3 %

ETD stock opened at $28.87 on Tuesday. The company has a market cap of $734.16 million, a price-to-earnings ratio of 11.69 and a beta of 1.31. The firm has a 50-day moving average of $29.12 and a two-hundred day moving average of $29.86. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 payout ratio is 63.16%.

Analysts Set New Price Targets

A number of brokerages have commented on ETD. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Friday. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

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.