BNP Paribas Arbitrage SA cut its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 44.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,026 shares of the company’s stock after selling 4,100 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ethan Allen Interiors were worth $157,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. PineBridge Investments L.P. raised its position in shares of Ethan Allen Interiors by 5.3% in the second quarter. PineBridge Investments L.P. now owns 3,236 shares of the company’s stock valued at $107,000 after buying an additional 164 shares in the last quarter. Teacher Retirement System of Texas raised 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 valued at $118,000 after buying an additional 438 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in shares of Ethan Allen Interiors during the second quarter valued at approximately $119,000. Legal & General Group Plc raised 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 valued at $133,000 after buying an additional 418 shares in the last quarter. Finally, Riverhead Capital Management LLC bought a new position in shares of Ethan Allen Interiors during the first quarter valued at approximately $147,000. Institutional investors own 98.85% of the company’s stock.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) opened at 30.32 on Monday. Ethan Allen Interiors Inc. has a 12 month low of $22.46 and a 12 month high of $36.77. The firm has a 50 day moving average of $32.74 and a 200-day moving average of $32.90. The stock has a market capitalization of $841.29 million, a P/E ratio of 15.16 and a beta of 1.60.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The business 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%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Analysts forecast that Ethan Allen Interiors Inc. will post $2.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, October 10th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.24%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 34.00%.
A number of equities research analysts have issued reports on the stock. Telsey Advisory Group upgraded shares of Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $40.00 in a report on Tuesday, July 19th. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Sunday, July 31st. Citigroup Inc. lowered 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. Nomura set a $34.00 target price on shares of Ethan Allen Interiors and gave the stock a “hold” rating in a report on Thursday, August 18th. Finally, Dougherty & Co increased their target price on shares of Ethan Allen Interiors from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Ethan Allen Interiors currently has a consensus rating of “Buy” and a consensus price target of $36.20.
In other Ethan Allen Interiors news, Director Tara I. Stacom bought 3,000 shares of the stock in a transaction on Wednesday, September 21st. The stock was purchased at an average price of $33.31 per share, for a total transaction of $99,930.00. Following the completion of the purchase, the director now directly owns 6,300 shares in the company, valued at $209,853. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Clinton A. Clark sold 3,357 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $34.04, for a total transaction of $114,272.28. Following the sale, the director now owns 3,679 shares of the company’s stock, valued at approximately $125,233.16. The disclosure for this sale 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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