Bank of America Corp DE cut its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 19.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,695 shares of the company’s stock after selling 19,322 shares during the period. Bank of America Corp DE owned 0.29% of Ethan Allen Interiors worth $2,442,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ETH. Norges Bank bought a new stake in shares of Ethan Allen Interiors during the fourth quarter valued at about $13,915,000. Teachers Advisors LLC boosted its stake in Ethan Allen Interiors by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 40,651 shares of the company’s stock worth $1,498,000 after buying an additional 1,117 shares in the last quarter. Bank of Montreal Can boosted its stake in Ethan Allen Interiors by 4.4% in the first quarter. Bank of Montreal Can now owns 8,062 shares of the company’s stock worth $247,000 after buying an additional 341 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Ethan Allen Interiors by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the company’s stock worth $319,000 after buying an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Ethan Allen Interiors by 77.5% in the first quarter. State of Alaska Department of Revenue now owns 4,900 shares of the company’s stock worth $150,000 after buying an additional 2,140 shares in the last quarter. Institutional investors and hedge funds own 99.16% of the company’s stock.
Ethan Allen Interiors Inc. (NYSE ETH) traded up 0.64% during mid-day trading on Friday, reaching $31.65. 300,979 shares of the company’s stock traded hands. The company has a 50-day moving average of $31.25 and a 200-day moving average of $29.82. Ethan Allen Interiors Inc. has a 52-week low of $26.75 and a 52-week high of $38.80. The company has a market capitalization of $868.70 million, a price-to-earnings ratio of 24.53 and a beta of 1.16.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.42 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $194.90 million during the quarter, compared to the consensus estimate of $194.94 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 10.17%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Equities research analysts expect 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. Investors of record on Tuesday, October 10th will be given a $0.19 dividend. The ex-dividend date is Friday, October 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.42%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 58.92%.
A number of equities analysts recently issued reports on ETH shares. TheStreet raised Ethan Allen Interiors from a “c+” rating to a “b-” rating in a report on Thursday, June 29th. BidaskClub raised Ethan Allen Interiors from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Telsey Advisory Group lowered their price objective on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th. Finally, Stifel Nicolaus lowered their price objective on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $33.25.
About Ethan Allen Interiors
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.
What are top analysts saying about Ethan Allen Interiors Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ethan Allen Interiors Inc. and related companies.