Mirae Asset Global Investments Co. Ltd. Buys 1,502 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Mirae Asset Global Investments Co. Ltd. grew its stake in Ethan Allen Interiors Inc. (NYSE:ETD) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,945 shares of the company’s stock after purchasing an additional 1,502 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Ethan Allen Interiors worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETD. Hantz Financial Services Inc. purchased a new stake in Ethan Allen Interiors during the 2nd quarter valued at $26,000. Innealta Capital LLC purchased a new position in shares of Ethan Allen Interiors during the 2nd quarter worth about $29,000. nVerses Capital LLC bought a new position in Ethan Allen Interiors during the 3rd quarter valued at about $92,000. Meeder Asset Management Inc. grew its holdings in Ethan Allen Interiors by 2,366.0% during the 1st quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock valued at $176,000 after purchasing an additional 4,874 shares during the last quarter. Finally, Cim LLC raised its position in Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after purchasing an additional 741 shares during the period. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Up 1.0 %

ETD stock opened at $27.95 on Friday. Ethan Allen Interiors Inc. has a twelve month low of $25.33 and a twelve month high of $35.62. The firm has a market cap of $710.77 million, a price-to-earnings ratio of 11.32 and a beta of 1.25. The business’s fifty day simple moving average is $30.56 and its two-hundred day simple moving average is $29.70.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $168.63 million for the quarter, compared to the consensus estimate of $159.65 million. Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.10%. The firm’s revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS. Research analysts expect that Ethan Allen Interiors Inc. will post 2.35 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.58%. Ethan Allen Interiors’s payout ratio is 63.16%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,708,905 shares of the company’s stock, valued at $54,240,644.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 30,000 shares of company stock valued at $929,700 over the last quarter. 10.48% of the stock is owned by corporate insiders.

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.