Rice Hall James & Associates LLC lowered its stake in Ethan Allen Interiors Inc. (NYSE:ETH) by 2.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,325 shares of the company’s stock after selling 1,450 shares during the period. Rice Hall James & Associates LLC’s holdings in Ethan Allen Interiors were worth $1,993,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its stake in Ethan Allen Interiors by 4.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 681,123 shares of the company’s stock worth $21,673,000 after buying an additional 30,270 shares during the period. Kennedy Capital Management Inc. raised its position in Ethan Allen Interiors by 29.2% in the first quarter. Kennedy Capital Management Inc. now owns 408,691 shares of the company’s stock worth $13,005,000 after buying an additional 92,427 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Ethan Allen Interiors by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 252,696 shares of the company’s stock worth $8,040,000 after buying an additional 22,474 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in Ethan Allen Interiors by 52.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 110,700 shares of the company’s stock worth $3,522,000 after buying an additional 38,000 shares in the last quarter. Finally, HBK Investments L P purchased a new position in Ethan Allen Interiors during the first quarter worth approximately $2,318,000. Institutional investors and hedge funds own 98.85% of the company’s stock.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) traded down 0.36% during trading on Friday, reaching $30.32. 263,688 shares of the company were exchanged. The stock has a market capitalization of $841.29 million, a price-to-earnings ratio of 15.16 and a beta of 1.60. The company has a 50 day moving average price of $32.74 and a 200-day moving average price of $32.90. Ethan Allen Interiors Inc. has a one year low of $22.46 and a one year high of $36.77.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. Ethan Allen Interiors had a return on equity of 14.21% and a net margin of 7.13%. The firm earned $205.70 million during the quarter, compared to the consensus estimate of $200.28 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Ethan Allen Interiors Inc. will post $2.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Monday, October 10th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Wednesday, October 5th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 34.00%.
ETH has been the topic of a number of recent analyst reports. Telsey Advisory Group raised shares of Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $33.00 to $40.00 in a research report on Tuesday, July 19th. Nomura reissued a “hold” rating and issued a $34.00 price target on shares of Ethan Allen Interiors in a research report on Friday, September 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Sunday, July 31st. Raymond James Financial Inc. lowered shares of Ethan Allen Interiors from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Finally, Citigroup Inc. lowered shares of Ethan Allen Interiors to a “market perform” rating in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average 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 that occurred on Thursday, August 11th. The stock was sold at an average price of $34.04, for a total transaction of $114,272.28. Following the completion of the transaction, the director now owns 3,679 shares of the company’s stock, valued at approximately $125,233.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tara I. Stacom purchased 3,000 shares of Ethan Allen Interiors stock in a transaction on Wednesday, September 21st. The shares were purchased at an average cost of $33.31 per share, with a total value of $99,930.00. Following the transaction, the director now owns 6,300 shares in the company, valued at $209,853. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.
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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