Systematic Financial Management LP lessened its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 12.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,985 shares of the company’s stock after selling 7,370 shares during the quarter. Systematic Financial Management LP owned 0.19% of Ethan Allen Interiors worth $1,652,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. grew its holdings in Ethan Allen Interiors by 122,313.2% during the first quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock worth $105,279,000 after acquiring an additional 3,432,107 shares during the period. Dimensional Fund Advisors LP increased its position in Ethan Allen Interiors by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,881,931 shares of the company’s stock worth $60,786,000 after buying an additional 238,300 shares during the period. Royce & Associates LP grew its holdings in shares of Ethan Allen Interiors by 9.7% during the 2nd quarter. Royce & Associates LP now owns 2,501,960 shares of the company’s stock worth $80,813,000 after purchasing an additional 220,324 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Ethan Allen Interiors by 24.3% during the 2nd quarter. Northern Trust Corp now owns 996,016 shares of the company’s stock worth $32,171,000 after purchasing an additional 194,421 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. acquired a new stake in Ethan Allen Interiors in the 2nd quarter valued at $5,088,000. 97.83% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on ETH shares. KeyCorp reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. BidaskClub upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. TheStreet lowered Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $27.00 target price on shares of Ethan Allen Interiors in a report on Friday, October 13th. Finally, Dougherty & Co raised Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, October 13th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $33.50.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) opened at $28.40 on Monday. Ethan Allen Interiors Inc. has a 1-year low of $26.45 and a 1-year high of $38.80. The stock has a market cap of $780.18, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.85 and a beta of 1.43.
Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The business had revenue of $181.30 million for the quarter, compared to analysts’ expectations of $181.30 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. equities analysts anticipate that Ethan Allen Interiors Inc. will post 1.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be issued a $0.19 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 2.68%. Ethan Allen Interiors’s payout ratio is currently 66.09%.
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Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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