Ethan Allen Interiors Inc. (NYSE:ETD) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETD - Free Report) by 18.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,236 shares of the company's stock after selling 28,895 shares during the quarter. Truist Financial Corp owned approximately 0.52% of Ethan Allen Interiors worth $4,189,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC boosted its position in shares of Ethan Allen Interiors by 1.1% in the fourth quarter. Exchange Traded Concepts LLC now owns 33,574 shares of the company's stock worth $1,072,000 after purchasing an additional 378 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ethan Allen Interiors by 6.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,332 shares of the company's stock worth $369,000 after buying an additional 711 shares in the last quarter. Unison Advisors LLC lifted its holdings in shares of Ethan Allen Interiors by 2.9% in the fourth quarter. Unison Advisors LLC now owns 28,591 shares of the company's stock worth $913,000 after buying an additional 796 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in shares of Ethan Allen Interiors by 7.4% in the third quarter. Hunter Associates Investment Management LLC now owns 11,600 shares of the company's stock worth $348,000 after buying an additional 800 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Ethan Allen Interiors by 1.8% in the third quarter. Swiss National Bank now owns 50,200 shares of the company's stock worth $1,501,000 after buying an additional 900 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a report on Thursday, April 25th.

Ethan Allen Interiors Price Performance

Shares of ETD stock traded down $0.12 during mid-day trading on Tuesday, hitting $29.22. The company had a trading volume of 205,533 shares, compared to its average volume of 212,447. The company has a market capitalization of $742.48 million, a P/E ratio of 10.67 and a beta of 1.25. The stock's 50 day moving average price is $32.19 and its 200-day moving average price is $30.31. Ethan Allen Interiors Inc. has a 52-week low of $24.76 and a 52-week high of $36.19.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.18). The business had revenue of $146.42 million for the quarter, compared to analysts' expectations of $168.15 million. Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.93%. Ethan Allen Interiors's revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 EPS. On average, equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 7th will be paid a dividend of $0.39 per share. This is an increase from Ethan Allen Interiors's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, May 6th. This represents a $1.56 dividend on an annualized basis and a yield of 5.34%. Ethan Allen Interiors's dividend payout ratio is presently 52.36%.

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.