Dimensional Fund Advisors LP raised its position in Ethan Allen Interiors Inc. (NYSE:ETH) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,432,797 shares of the company’s stock after buying an additional 76,493 shares during the period. Dimensional Fund Advisors LP owned about 5.16% of Ethan Allen Interiors worth $47,339,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in shares of Ethan Allen Interiors by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,564 shares of the company’s stock worth $118,000 after buying an additional 438 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Ethan Allen Interiors during the second quarter worth about $119,000. Legal & General Group Plc boosted its position in shares of Ethan Allen Interiors by 11.1% in the first quarter. Legal & General Group Plc now owns 4,200 shares of the company’s stock worth $133,000 after buying an additional 418 shares during the last quarter. Riverhead Capital Management LLC acquired a new position in shares of Ethan Allen Interiors during the first quarter worth about $147,000. Finally, Sawgrass Asset Management LLC acquired a new position in shares of Ethan Allen Interiors during the second quarter worth about $204,000. Institutional investors own 98.85% of the company’s stock.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) opened at 30.62 on Tuesday. The stock has a market capitalization of $849.61 million, a P/E ratio of 15.31 and a beta of 1.60. Ethan Allen Interiors Inc. has a 12-month low of $22.46 and a 12-month high of $36.77. The company has a 50-day moving average of $32.64 and a 200-day moving average of $32.93.
Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.05. The firm earned $205.70 million during the quarter, compared to analyst estimates of $200.28 million. Ethan Allen Interiors had a net margin of 7.13% and a return on equity of 14.21%. Ethan Allen Interiors’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. Equities analysts expect that Ethan Allen Interiors Inc. will post $2.17 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, October 10th will be given a $0.17 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.22%. Ethan Allen Interiors’s dividend payout ratio is presently 34.00%.
A number of equities analysts have issued reports on ETH shares. Dougherty & Co lifted their target price on shares of Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Nomura reiterated a “hold” rating and set a $34.00 price target on shares of Ethan Allen Interiors in a report on Friday, September 30th. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Sunday, July 31st. Raymond James Financial Inc. downgraded shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. downgraded shares of Ethan Allen Interiors to a “market perform” rating in a report on Wednesday, July 27th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $36.20.
In other Ethan Allen Interiors news, Director Clinton A. Clark sold 3,357 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $34.04, for a total value of $114,272.28. Following the completion of the sale, the director now directly owns 3,679 shares of the company’s stock, valued at approximately $125,233.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tara I. Stacom purchased 3,000 shares of the business’s stock in a transaction on Wednesday, September 21st. The stock was acquired at an average cost of $33.31 per share, with a total value of $99,930.00. Following the completion of the acquisition, the director now directly owns 6,300 shares in the company, valued at approximately $209,853. The disclosure for this purchase can be found here. 11.00% of the stock is currently owned by corporate insiders.
Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc (Ethan Allen) through its wholly owned subsidiary, Ethan Allen Global, Inc, is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States.
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