Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $502,000 Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

Key Points

• Empirical Financial Services LLC has reduced its stake in Ethan Allen Interiors by 39.7%, owning 0.07% of the company worth $502,000 after selling 11,928 shares in the first quarter.
• Vanguard Group Inc. and other institutional investors increased their stakes in Ethan Allen Interiors, contributing to institutional ownership currently at 83.80%.
• Ethan Allen Interiors declared a quarterly dividend of $0.39, reflecting an annualized yield of 5.5%, with an ex-dividend date on August 13th.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 39.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 18,115 shares of the company's stock after selling 11,928 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned about 0.07% of Ethan Allen Interiors worth $502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Ethan Allen Interiors in the 4th quarter worth $112,000. Vanguard Group Inc. grew its stake in Ethan Allen Interiors by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 1,666,798 shares of the company's stock valued at $46,854,000 after acquiring an additional 68,957 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ethan Allen Interiors by 177.1% during the fourth quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company's stock worth $4,147,000 after purchasing an additional 94,287 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Ethan Allen Interiors by 67.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 217,329 shares of the company's stock valued at $6,109,000 after buying an additional 87,278 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Ethan Allen Interiors by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 543,624 shares of the company's stock worth $15,285,000 after purchasing an additional 5,029 shares during the period. 83.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, July 31st.

Ethan Allen Interiors Stock Down 1.0%

NYSE:ETD traded down $0.30 during mid-day trading on Thursday, hitting $29.28. 314,729 shares of the stock traded hands, compared to its average volume of 291,620. The business's 50-day moving average price is $28.27 and its 200 day moving average price is $28.00. Ethan Allen Interiors Inc. has a 12-month low of $24.55 and a 12-month high of $33.77. The company has a market cap of $744.51 million, a PE ratio of 14.57 and a beta of 1.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $160.36 million during the quarter, compared to analyst estimates of $152.20 million. During the same period in the previous year, the company posted $0.70 EPS. Ethan Allen Interiors's revenue was down 4.9% on a year-over-year basis. Analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $1.56 annualized dividend and a yield of 5.3%. Ethan Allen Interiors's payout ratio is 77.61%.

Insiders Place Their Bets

In related news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction on Monday, May 19th. The shares were sold at an average price of $26.85, for a total value of $268,500.00. Following the completion of the sale, the chief executive officer owned 1,611,905 shares in the company, valued at approximately $43,279,649.25. The trade was a 0.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 11,366 shares of company stock valued at $305,390. Insiders own 10.48% of the company's stock.

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.