Empirical Financial Services LLC d.b.a. Empirical Wealth Management Grows Stake in Ethan Allen Interiors Inc. (NYSE:ETD)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETD) by 10.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,043 shares of the company’s stock after acquiring an additional 2,738 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned approximately 0.12% of Ethan Allen Interiors worth $845,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ETD. Jane Street Group LLC lifted its holdings in shares of Ethan Allen Interiors by 679.5% during the 3rd quarter. Jane Street Group LLC now owns 266,161 shares of the company’s stock worth $8,488,000 after acquiring an additional 232,015 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Ethan Allen Interiors by 2,127.1% during the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after acquiring an additional 150,409 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $1,132,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Ethan Allen Interiors by 401.3% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 39,760 shares of the company’s stock worth $1,258,000 after acquiring an additional 31,828 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Ethan Allen Interiors by 113.8% during the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock worth $1,824,000 after acquiring an additional 30,437 shares during the last quarter. 83.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the transaction, the chief executive officer now owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ETD has been the subject of several recent research reports. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Friday, January 24th.

Ethan Allen Interiors Stock Up 0.1 %

Ethan Allen Interiors stock opened at $28.92 on Wednesday. The company has a market capitalization of $735.44 million, a PE ratio of 11.71 and a beta of 1.31. The firm has a fifty day simple moving average of $29.12 and a two-hundred day simple moving average of $29.86. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62.

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.