Dakota Wealth Management Purchases New Shares in Ethan Allen Interiors Inc. $ETD

Key Points

• Dakota Wealth Management has acquired a new stake in Ethan Allen Interiors, purchasing 16,965 shares valued at approximately $472,000, bringing its total ownership to about 0.07% of the company.
• CEO M Farooq Kathwari sold 15,000 shares of the company's stock for around $440,550, representing a 0.93% decrease in his ownership position.
• Ethan Allen Interiors reported quarterly earnings of $0.49 per share, exceeding analyst expectations, although revenue decreased 4.9% year-over-year to $160.36 million.

Dakota Wealth Management bought a new stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,965 shares of the company's stock, valued at approximately $472,000. Dakota Wealth Management owned about 0.07% of Ethan Allen Interiors at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its position in shares of Ethan Allen Interiors by 12,857.1% during the 1st quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after purchasing an additional 900 shares during the last quarter. AlphaQuest LLC increased its position in shares of Ethan Allen Interiors by 344.8% during the 1st quarter. AlphaQuest LLC now owns 3,398 shares of the company's stock valued at $94,000 after purchasing an additional 2,634 shares during the last quarter. Quarry LP increased its position in shares of Ethan Allen Interiors by 72.2% during the 1st quarter. Quarry LP now owns 4,484 shares of the company's stock valued at $124,000 after purchasing an additional 1,880 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at $138,000. Finally, US Bancorp DE increased its position in shares of Ethan Allen Interiors by 461.9% during the 1st quarter. US Bancorp DE now owns 6,186 shares of the company's stock valued at $171,000 after purchasing an additional 5,085 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 15,000 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $29.37, for a total value of $440,550.00. Following the completion of the transaction, the chief executive officer owned 1,598,652 shares in the company, valued at $46,952,409.24. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.48% of the stock is currently owned by corporate insiders.

Ethan Allen Interiors Stock Performance

Shares of ETD opened at $29.23 on Monday. The business has a 50-day moving average of $29.52 and a 200 day moving average of $28.16. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $32.61. The firm has a market cap of $743.19 million, a P/E ratio of 14.54 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The company had revenue of $160.36 million during the quarter, compared to analyst estimates of $152.20 million. During the same quarter last year, the firm posted $0.70 EPS. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were paid a $0.39 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $1.56 annualized dividend and a yield of 5.3%. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 77.61%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a "market perform" rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.00.

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.

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