Principal Financial Group Inc. Sells 2,507 Shares of Ethan Allen Interiors Inc. (NYSE:ETD)

Principal Financial Group Inc. reduced its stake in Ethan Allen Interiors Inc. (NYSE:ETDFree Report) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 126,318 shares of the company’s stock after selling 2,507 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of Ethan Allen Interiors worth $4,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. raised its holdings in shares of Ethan Allen Interiors by 10.8% in the third quarter. American Century Companies Inc. now owns 375,968 shares of the company’s stock valued at $11,241,000 after purchasing an additional 36,579 shares during the last quarter. Mainstay Capital Management LLC ADV increased its stake in Ethan Allen Interiors by 26.4% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 55,618 shares of the company’s stock valued at $1,775,000 after buying an additional 11,609 shares during the last quarter. Cambria Investment Management L.P. lifted its position in shares of Ethan Allen Interiors by 8.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 286,216 shares of the company’s stock worth $8,558,000 after buying an additional 22,344 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ethan Allen Interiors by 35.6% in the 3rd quarter. Invesco Ltd. now owns 416,348 shares of the company’s stock worth $12,449,000 after buying an additional 109,235 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Ethan Allen Interiors by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 24,882 shares of the company’s stock valued at $794,000 after acquiring an additional 347 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

Ethan Allen Interiors Stock Performance

NYSE ETD opened at $28.60 on Friday. The company has a market capitalization of $726.73 million, a PE ratio of 10.40 and a beta of 1.25. Ethan Allen Interiors Inc. has a 52-week low of $24.76 and a 52-week high of $36.19. The company has a 50-day simple moving average of $30.88 and a 200 day simple moving average of $30.56.

Ethan Allen Interiors (NYSE:ETDGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. The company had revenue of $146.42 million during the quarter, compared to the consensus estimate of $168.15 million. During the same period last year, the firm posted $0.86 EPS. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. As a group, analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 7th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, May 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 5.45%. Ethan Allen Interiors’s dividend payout ratio is 56.73%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a report on Thursday, April 25th.

Read Our Latest Analysis on Ethan Allen Interiors

Ethan Allen Interiors Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETD)

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