Teacher Retirement System of Texas bought a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,960 shares of the company’s stock, valued at approximately $256,000.
Several other large investors have also added to or reduced their stakes in the stock. Boston Private Wealth LLC grew its position in shares of Ethan Allen Interiors by 5.4% during the third quarter. Boston Private Wealth LLC now owns 35,643 shares of the company’s stock worth $1,155,000 after purchasing an additional 1,838 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of Ethan Allen Interiors by 41.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 12,100 shares of the company’s stock worth $392,000 after purchasing an additional 3,550 shares in the last quarter. LSV Asset Management grew its position in shares of Ethan Allen Interiors by 0.3% during the fourth quarter. LSV Asset Management now owns 1,182,752 shares of the company’s stock worth $33,826,000 after purchasing an additional 3,900 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Ethan Allen Interiors by 41.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 14,270 shares of the company’s stock valued at $408,000 after buying an additional 4,200 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Ethan Allen Interiors by 9.2% during the 3rd quarter. California Public Employees Retirement System now owns 68,161 shares of the company’s stock valued at $2,208,000 after buying an additional 5,761 shares in the last quarter. Hedge funds and other institutional investors own 99.41% of the company’s stock.
Several equities analysts have weighed in on ETH shares. Zacks Investment Research cut Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. Telsey Advisory Group cut their price target on Ethan Allen Interiors from $27.00 to $26.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Finally, Stifel Nicolaus cut their price target on Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $29.50.
Ethan Allen Interiors Inc. (NYSE:ETH) opened at $22.25 on Monday. The firm has a market capitalization of $611.34, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. Ethan Allen Interiors Inc. has a 1-year low of $22.25 and a 1-year high of $33.13.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $198.50 million. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. analysts forecast that Ethan Allen Interiors Inc. will post 1.6 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 11th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 3.42%. The ex-dividend date is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio is presently 58.02%.
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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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