Stoneridge Investment Partners LLC reduced its position in Ethan Allen Interiors Inc. (NYSE:ETH) by 81.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,490 shares of the company’s stock after selling 45,331 shares during the period. Stoneridge Investment Partners LLC’s holdings in Ethan Allen Interiors were worth $339,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ETH. BlackRock Inc. increased its stake in Ethan Allen Interiors by 122,313.2% in the first quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock worth $105,279,000 after buying an additional 3,432,107 shares in the last quarter. Norges Bank purchased a new stake in Ethan Allen Interiors during the fourth quarter worth about $13,915,000. Alliancebernstein L.P. increased its stake in Ethan Allen Interiors by 63.1% in the first quarter. Alliancebernstein L.P. now owns 843,097 shares of the company’s stock worth $25,841,000 after buying an additional 326,150 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Ethan Allen Interiors by 46.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 855,725 shares of the company’s stock worth $27,640,000 after buying an additional 271,300 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Ethan Allen Interiors by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,643,631 shares of the company’s stock worth $50,377,000 after buying an additional 119,706 shares in the last quarter. 99.16% of the stock is owned by institutional investors and hedge funds.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) opened at 31.50 on Friday. The stock has a market capitalization of $864.58 million, a P/E ratio of 24.42 and a beta of 1.16. The firm has a 50-day moving average price of $31.29 and a 200-day moving average price of $29.82. Ethan Allen Interiors Inc. has a 52-week low of $26.75 and a 52-week high of $38.80.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $194.94 million. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. On average, analysts predict that Ethan Allen Interiors Inc. will post $1.75 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.41%. Ethan Allen Interiors’s payout ratio is 58.92%.
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ETH has been the subject of a number of recent research reports. Stifel Nicolaus decreased their target price on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, April 28th. TheStreet downgraded Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. Telsey Advisory Group decreased their target price on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, April 27th. Finally, BidaskClub downgraded Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.25.
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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