Dimensional Fund Advisors LP increased its stake in Ethan Allen Interiors Inc. (NYSE:ETH) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,203,827 shares of the company’s stock after purchasing an additional 149,223 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Ethan Allen Interiors worth $50,578,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Ethan Allen Interiors by 7.3% during the 4th quarter. BlackRock Inc. now owns 3,696,274 shares of the company’s stock valued at $105,713,000 after acquiring an additional 252,480 shares during the period. LSV Asset Management raised its holdings in Ethan Allen Interiors by 2.6% during the 1st quarter. LSV Asset Management now owns 1,214,052 shares of the company’s stock valued at $27,862,000 after acquiring an additional 31,300 shares during the period. Northern Trust Corp raised its holdings in Ethan Allen Interiors by 0.7% during the 1st quarter. Northern Trust Corp now owns 1,075,204 shares of the company’s stock valued at $24,677,000 after acquiring an additional 7,345 shares during the period. Millennium Management LLC raised its holdings in Ethan Allen Interiors by 60.8% during the 4th quarter. Millennium Management LLC now owns 952,123 shares of the company’s stock valued at $27,231,000 after acquiring an additional 360,049 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Ethan Allen Interiors by 6.7% during the 4th quarter. Bank of New York Mellon Corp now owns 918,069 shares of the company’s stock valued at $26,256,000 after acquiring an additional 57,538 shares during the period. 95.93% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on ETH. Zacks Investment Research cut shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 20th. Stifel Nicolaus reissued a “hold” rating and set a $23.00 target price on shares of Ethan Allen Interiors in a report on Tuesday, April 10th. Finally, ValuEngine cut shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Ethan Allen Interiors has a consensus rating of “Hold” and a consensus target price of $28.50.
Shares of ETH stock opened at $24.80 on Wednesday. Ethan Allen Interiors Inc. has a 1 year low of $21.50 and a 1 year high of $33.13. The firm has a market cap of $664.81 million, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.52 and a beta of 1.10.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $181.40 million for the quarter, compared to analysts’ expectations of $181.40 million. Ethan Allen Interiors had a net margin of 4.84% and a return on equity of 9.23%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. equities research analysts forecast that Ethan Allen Interiors Inc. will post 1.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 25th. Stockholders of record on Tuesday, July 10th will be issued a $0.19 dividend. The ex-dividend date is Monday, July 9th. This represents a $0.76 annualized dividend and a dividend yield of 3.06%. Ethan Allen Interiors’s payout ratio is currently 52.41%.
Ethan Allen Interiors Profile
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Europe, Asia, and the Middle East. 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, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other items, including 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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