Principal Financial Group Inc. lifted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 200,604 shares of the company’s stock after acquiring an additional 1,394 shares during the quarter. Principal Financial Group Inc. owned about 0.75% of Ethan Allen Interiors worth $3,529,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone Ridge Asset Management LLC acquired a new position in shares of Ethan Allen Interiors in the 4th quarter worth approximately $591,000. Barclays PLC raised its holdings in shares of Ethan Allen Interiors by 237.7% in the 4th quarter. Barclays PLC now owns 115,977 shares of the company’s stock worth $2,040,000 after buying an additional 81,633 shares in the last quarter. QS Investors LLC raised its holdings in shares of Ethan Allen Interiors by 90.0% in the 4th quarter. QS Investors LLC now owns 21,528 shares of the company’s stock worth $379,000 after buying an additional 10,200 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ethan Allen Interiors by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 281,207 shares of the company’s stock worth $4,946,000 after buying an additional 11,204 shares in the last quarter. Finally, RK Capital Management LLC raised its holdings in shares of Ethan Allen Interiors by 75.2% in the 4th quarter. RK Capital Management LLC now owns 265,600 shares of the company’s stock worth $4,672,000 after buying an additional 114,000 shares in the last quarter. Institutional investors own 91.02% of the company’s stock.
A number of brokerages have recently issued reports on ETH. Zacks Investment Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, April 1st. Raymond James cut Ethan Allen Interiors from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $22.75 to $18.45 in a report on Monday, February 4th. Dougherty & Co cut Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a report on Tuesday, January 29th. Finally, ValuEngine lowered Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Ethan Allen Interiors currently has an average rating of “Hold” and a consensus target price of $20.15.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Monday, January 28th. The company reported $0.46 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.46. The business had revenue of $197.20 million for the quarter, compared to analyst estimates of $201.66 million. Ethan Allen Interiors had a return on equity of 9.29% and a net margin of 4.55%. Ethan Allen Interiors’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. On average, analysts anticipate that Ethan Allen Interiors Inc. will post 1.5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, April 10th. This represents a $0.76 dividend on an annualized basis and a yield of 3.74%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 56.30%.
Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.
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