Bank of America Corp DE Cuts Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Bank of America Corp DE trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,976 shares of the company's stock after selling 77,700 shares during the period. Bank of America Corp DE owned approximately 0.28% of Ethan Allen Interiors worth $2,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hillsdale Investment Management Inc. lifted its stake in Ethan Allen Interiors by 213.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock valued at $53,000 after acquiring an additional 1,280 shares during the period. Quarry LP lifted its stake in Ethan Allen Interiors by 73.3% during the 4th quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after acquiring an additional 1,101 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Ethan Allen Interiors in the 4th quarter valued at $112,000. Prosperity Consulting Group LLC lifted its stake in shares of Ethan Allen Interiors by 35.1% in the 4th quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company's stock valued at $264,000 after purchasing an additional 2,440 shares during the period. Finally, Arete Wealth Advisors LLC lifted its stake in shares of Ethan Allen Interiors by 21.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 9,706 shares of the company's stock valued at $272,000 after purchasing an additional 1,688 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ethan Allen Interiors Stock Performance

Shares of ETD traded up $0.15 during trading hours on Friday, hitting $26.17. The stock had a trading volume of 173,008 shares, compared to its average volume of 274,329. The firm has a 50-day moving average price of $26.90 and a 200 day moving average price of $28.18. Ethan Allen Interiors Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $35.62. The firm has a market capitalization of $665.38 million, a price-to-earnings ratio of 10.99 and a beta of 1.16.

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

Ethan Allen Interiors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend was Thursday, May 15th. Ethan Allen Interiors's dividend payout ratio is currently 69.33%.

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 value of $263,100.00. Following the completion of the sale, the chief executive officer now owns 1,621,905 shares of the company's stock, valued at approximately $42,672,320.55. The trade was a 0.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 31,366 shares of company stock valued at $835,490. 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.