Millennium Management LLC Has $2.81 Million Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

Millennium Management LLC decreased its position in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 70.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,032 shares of the company's stock after selling 237,086 shares during the period. Millennium Management LLC owned approximately 0.39% of Ethan Allen Interiors worth $2,812,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ETD. Sanctuary Advisors LLC grew its stake in Ethan Allen Interiors by 2.4% in the fourth quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company's stock valued at $417,000 after acquiring an additional 342 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ethan Allen Interiors by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company's stock valued at $366,000 after purchasing an additional 448 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Ethan Allen Interiors by 5.8% during the 4th quarter. Gotham Asset Management LLC now owns 10,237 shares of the company's stock valued at $288,000 after purchasing an additional 561 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of Ethan Allen Interiors by 6.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company's stock valued at $287,000 after purchasing an additional 650 shares during the period. Finally, Unison Advisors LLC increased its stake in Ethan Allen Interiors by 2.6% during the 4th quarter. Unison Advisors LLC now owns 30,458 shares of the company's stock worth $856,000 after purchasing an additional 781 shares in the last quarter. Institutional investors own 83.80% of the company's stock.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the business's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $26.31, for a total transaction of $263,100.00. Following the transaction, the chief executive officer now directly owns 1,621,905 shares in the company, valued at approximately $42,672,320.55. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 31,366 shares of company stock worth $835,490. 10.48% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed a "market perform" rating on shares of Ethan Allen Interiors in a research note on Tuesday, May 6th.

Ethan Allen Interiors Stock Down 0.4%

ETD traded down $0.11 during trading on Wednesday, hitting $26.40. The company had a trading volume of 216,658 shares, compared to its average volume of 273,554. The company has a market capitalization of $671.35 million, a PE ratio of 11.09 and a beta of 1.20. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $35.62. The firm's 50-day moving average price is $26.95 and its 200 day moving average price is $28.21.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.07). The firm had revenue of $142.70 million during the quarter, compared to the consensus estimate of $146.85 million. Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 earnings per share. Sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio is presently 69.33%.

Ethan Allen Interiors Company 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.