New York State Teachers Retirement System boosted its position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 69,798 shares of the company’s stock after buying an additional 2,200 shares during the period. New York State Teachers Retirement System’s holdings in Ethan Allen Interiors were worth $2,306,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ETH. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Ethan Allen Interiors during the second quarter worth approximately $119,000. Riverhead Capital Management LLC purchased a new position in shares of Ethan Allen Interiors during the first quarter worth approximately $147,000. Boothbay Fund Management LLC purchased a new position in shares of Ethan Allen Interiors during the first quarter worth approximately $282,000. BNP Paribas Arbitrage SA raised its position in shares of Ethan Allen Interiors by 84.9% in the second quarter. BNP Paribas Arbitrage SA now owns 9,126 shares of the company’s stock worth $302,000 after buying an additional 4,191 shares in the last quarter. Finally, Nisa Investment Advisors L.L.C. raised its position in shares of Ethan Allen Interiors by 19.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 10,300 shares of the company’s stock worth $328,000 after buying an additional 1,700 shares in the last quarter. 98.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) traded down 1.00% during mid-day trading on Friday, hitting $29.66. The company had a trading volume of 394,034 shares. The company’s 50-day moving average is $32.17 and its 200 day moving average is $32.86. Ethan Allen Interiors Inc. has a one year low of $22.46 and a one year high of $36.77. The company has a market capitalization of $822.98 million, a PE ratio of 14.83 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. The business had revenue of $205.70 million for the quarter, compared to analyst estimates of $200.28 million. Ethan Allen Interiors had a return on equity of 14.21% and a net margin of 7.13%. Ethan Allen Interiors’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. On average, equities research analysts forecast that Ethan Allen Interiors Inc. will post $2.17 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Investors of record on Monday, October 10th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.68 dividend on an annualized basis and a yield of 2.29%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 34.00%.
A number of brokerages have commented on ETH. Telsey Advisory Group raised Ethan Allen Interiors from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $40.00 in a report on Tuesday, July 19th. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a report on Sunday, July 31st. Citigroup Inc. downgraded 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. Nomura set a $34.00 target price on Ethan Allen Interiors and gave the company a “hold” rating in a research report on Thursday, August 18th. Finally, Dougherty & Co upped their target price on Ethan Allen Interiors from $38.00 to $42.00 and gave the company a “buy” rating in a research 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 given a strong buy rating to the stock. The stock 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 firm’s stock in a transaction on Thursday, August 11th. The stock was 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 $125,233.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tara I. Stacom bought 3,000 shares of the firm’s stock in a transaction on Wednesday, September 21st. The stock was purchased at an average cost of $33.31 per share, with a total value of $99,930.00. Following the completion of the transaction, the director now directly owns 6,300 shares of the company’s stock, valued at $209,853. The disclosure for this purchase can be found here. Corporate insiders own 11.00% of the company’s stock.
About Ethan Allen Interiors
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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