Hennion & Walsh Asset Management Inc. Has $1.84 Million Stock Position in Ethan Allen Interiors Inc. (NYSE:ETD)

Hennion & Walsh Asset Management Inc. lessened its holdings in Ethan Allen Interiors Inc. (NYSE:ETD) by 0.9% during the fourth quarter, HoldingsChannel reports. The fund owned 65,542 shares of the company’s stock after selling 622 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Ethan Allen Interiors were worth $1,842,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ETD. GSA Capital Partners LLP purchased a new stake in shares of Ethan Allen Interiors in the third quarter worth approximately $862,000. FMR LLC grew its holdings in Ethan Allen Interiors by 421.3% during the third quarter. FMR LLC now owns 18,943 shares of the company’s stock worth $604,000 after buying an additional 15,309 shares in the last quarter. Barclays PLC raised its position in Ethan Allen Interiors by 113.8% in the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after buying an additional 30,437 shares during the last quarter. International Assets Investment Management LLC bought a new position in Ethan Allen Interiors during the 3rd quarter valued at $660,000. Finally, Geode Capital Management LLC grew its stake in shares of Ethan Allen Interiors by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock worth $17,179,000 after acquiring an additional 3,310 shares in the last quarter. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $28.64 on Friday. The firm has a market cap of $728.37 million, a PE ratio of 11.60 and a beta of 1.31. Ethan Allen Interiors Inc. has a 1 year low of $26.53 and a 1 year high of $35.62. The stock has a fifty day moving average price of $29.17 and a 200-day moving average price of $29.77.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.45%. The ex-dividend date was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is 63.16%.

Insider Buying and Selling at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the sale, the chief executive officer now owns 1,671,905 shares in the company, valued at $48,100,706.85. This trade represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 10.48% of the company’s stock.

Wall Street Analysts Forecast Growth

ETD has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, October 31st. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

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.