Arizona State Retirement System raised its position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 225.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,477 shares of the company’s stock after purchasing an additional 29,417 shares during the quarter. Arizona State Retirement System owned 0.15% of Ethan Allen Interiors worth $1,215,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of ETH. The Manufacturers Life Insurance Company increased its holdings in shares of Ethan Allen Interiors by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock valued at $627,000 after purchasing an additional 225 shares during the last quarter. Boston Private Wealth LLC increased its holdings in shares of Ethan Allen Interiors by 5.4% in the third quarter. Boston Private Wealth LLC now owns 35,643 shares of the company’s stock valued at $1,155,000 after purchasing an additional 1,838 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of Ethan Allen Interiors by 41.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 12,100 shares of the company’s stock valued at $392,000 after purchasing an additional 3,550 shares during the last quarter. LSV Asset Management grew its position in Ethan Allen Interiors by 0.3% in the fourth quarter. LSV Asset Management now owns 1,182,752 shares of the company’s stock worth $33,826,000 after acquiring an additional 3,900 shares during the period. Finally, Capital Fund Management S.A. grew its position in Ethan Allen Interiors by 58.6% in the fourth quarter. Capital Fund Management S.A. now owns 11,100 shares of the company’s stock worth $317,000 after acquiring an additional 4,100 shares during the period. Hedge funds and other institutional investors own 99.41% of the company’s stock.
Ethan Allen Interiors stock traded down $0.45 during trading on Friday, reaching $22.75. 505,734 shares of the company’s stock were exchanged, compared to its average volume of 226,355. The stock has a market cap of $625.08, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07. Ethan Allen Interiors Inc. has a 52-week low of $22.00 and a 52-week high of $33.13.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.06%. The firm had revenue of $198.50 million for the quarter, compared to analyst estimates of $198.50 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Ethan Allen Interiors’s quarterly revenue was up 2.0% on a year-over-year basis. analysts predict that Ethan Allen Interiors Inc. will post 1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 11th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, April 10th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 52.41%.
In related news, Chairman M Farooq Kathwari purchased 4,090 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $24.37 per share, for a total transaction of $99,673.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Corey Whitely bought 1,700 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $24.65 per share, for a total transaction of $41,905.00. Following the completion of the transaction, the chief financial officer now owns 12,574 shares in the company, valued at approximately $309,949.10. The disclosure for this purchase can be found here. Insiders have purchased 6,630 shares of company stock valued at $161,654 over the last 90 days. 10.50% of the stock is currently owned by insiders.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price target (down previously from $33.00) on shares of Ethan Allen Interiors in a report on Wednesday, January 17th. Finally, Stifel Nicolaus lowered their price objective on Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.50.
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Ethan Allen Interiors 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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