Allspring Global Investments Holdings LLC Has $2.46 Million Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Allspring Global Investments Holdings LLC reduced its stake in Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 55.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,090 shares of the company's stock after selling 94,199 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.30% of Ethan Allen Interiors worth $2,461,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ETD. Linden Thomas Advisory Services LLC lifted its position in Ethan Allen Interiors by 15.0% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 11,863 shares of the company's stock valued at $355,000 after acquiring an additional 1,549 shares in the last quarter. Tectonic Advisors LLC raised its stake in Ethan Allen Interiors by 21.1% during the 3rd quarter. Tectonic Advisors LLC now owns 37,779 shares of the company's stock valued at $1,130,000 after buying an additional 6,588 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ethan Allen Interiors by 6.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,332 shares of the company's stock worth $369,000 after purchasing an additional 711 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Ethan Allen Interiors in the 3rd quarter worth $631,000. Finally, Joule Financial LLC increased its stake in shares of Ethan Allen Interiors by 25.1% in the 3rd quarter. Joule Financial LLC now owns 13,559 shares of the company's stock worth $405,000 after purchasing an additional 2,717 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Stock Performance

Shares of ETD traded up $0.21 during midday trading on Monday, hitting $32.04. 203,904 shares of the company traded hands, compared to its average volume of 196,377. The firm has a 50 day moving average of $32.47 and a 200-day moving average of $30.27. Ethan Allen Interiors Inc. has a 52 week low of $24.76 and a 52 week high of $36.19. The stock has a market cap of $813.69 million, a price-to-earnings ratio of 10.29 and a beta of 1.22.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.09). Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The company had revenue of $167.28 million for the quarter, compared to the consensus estimate of $179.20 million. During the same period last year, the company earned $1.10 EPS. The firm's revenue for the quarter was down 17.7% on a year-over-year basis. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.7 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Tuesday, February 6th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Monday, February 5th. Ethan Allen Interiors's payout ratio is 46.15%.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors 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.