Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. significantly reduced its stake in Ethan Allen Interiors Inc. by selling 600,708 shares, representing a 77.4% decrease, leaving the fund with 175,787 shares valued at approximately $4.87 million.
• Despite Pacer's sell-off, other institutional investors have increased their holdings, with GAMMA Investing LLC boosting its position by 5,743% in the first quarter.
• Ethan Allen reported a missed earnings estimate for the last quarter, with EPS at $0.38 versus a consensus of $0.45, alongside a revenue decline of 2.5% year-over-year.

Pacer Advisors Inc. trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 77.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,787 shares of the company's stock after selling 600,708 shares during the quarter. Pacer Advisors Inc. owned 0.69% of Ethan Allen Interiors worth $4,869,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Unison Advisors LLC increased its stake in Ethan Allen Interiors by 1.4% in the 1st quarter. Unison Advisors LLC now owns 30,872 shares of the company's stock worth $855,000 after buying an additional 414 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Ethan Allen Interiors by 3.0% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 90,885 shares of the company's stock worth $2,518,000 after acquiring an additional 2,658 shares during the period. Allianz Asset Management GmbH bought a new stake in shares of Ethan Allen Interiors during the first quarter valued at approximately $205,000. IFP Advisors Inc raised its stake in shares of Ethan Allen Interiors by 12,857.1% during the first quarter. IFP Advisors Inc now owns 907 shares of the company's stock valued at $25,000 after acquiring an additional 900 shares in the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of Ethan Allen Interiors by 131.3% in the first quarter. Denali Advisors LLC now owns 83,040 shares of the company's stock valued at $2,300,000 after purchasing an additional 47,140 shares during the period. 83.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $26.85, for a total transaction of $268,500.00. Following the completion of the sale, the chief executive officer owned 1,611,905 shares of the company's stock, valued at $43,279,649.25. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 11,366 shares of company stock worth $305,390 over the last ninety days. Corporate insiders own 10.48% of the company's stock.

Ethan Allen Interiors Stock Down 3.7%

Shares of ETD stock traded down $1.11 on Friday, hitting $28.67. The stock had a trading volume of 153,473 shares, compared to its average volume of 291,374. Ethan Allen Interiors Inc. has a one year low of $24.55 and a one year high of $33.77. The business has a 50 day moving average price of $28.10 and a 200 day moving average price of $27.99. The company has a market cap of $728.95 million, a PE ratio of 14.27 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.95%. The business had revenue of $160.36 million during the quarter, compared to analyst estimates of $152.20 million. During the same quarter in the previous year, the business posted $0.70 EPS. The company's quarterly revenue was down 4.9% compared to the same quarter last year. Equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, August 13th. Ethan Allen Interiors's dividend payout ratio is presently 77.61%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a "market perform" rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a report on Thursday.

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.