Teton Advisors Inc. grew its holdings in Ethan Allen Interiors Inc. (NYSE:ETH) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,874 shares of the company’s stock after purchasing an additional 4,200 shares during the quarter. Teton Advisors Inc. owned about 0.35% of Ethan Allen Interiors worth $1,927,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new position in Ethan Allen Interiors in the second quarter worth $564,000. Itau Unibanco Holding S.A. acquired a new position in Ethan Allen Interiors in the second quarter worth $231,000. Fox Run Management L.L.C. acquired a new position in Ethan Allen Interiors in the second quarter worth $391,000. Gabelli Funds LLC boosted its stake in Ethan Allen Interiors by 17.6% in the second quarter. Gabelli Funds LLC now owns 20,000 shares of the company’s stock worth $490,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Ethan Allen Interiors by 2.4% in the first quarter. Principal Financial Group Inc. now owns 193,752 shares of the company’s stock worth $4,447,000 after purchasing an additional 4,632 shares in the last quarter. 95.43% of the stock is currently owned by institutional investors.
Shares of ETH opened at $19.04 on Tuesday. Ethan Allen Interiors Inc. has a 12-month low of $18.71 and a 12-month high of $30.10. The firm has a market cap of $525.81 million, a PE ratio of 14.10, a PEG ratio of 1.23 and a beta of 0.92.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Ethan Allen Interiors had a return on equity of 9.66% and a net margin of 4.89%. The business had revenue of $187.79 million for the quarter, compared to analyst estimates of $186.90 million. Analysts forecast that Ethan Allen Interiors Inc. will post 1.5 EPS for the current fiscal year.
In other news, Chairman M Farooq Kathwari sold 37,882 shares of the company’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $21.51, for a total transaction of $814,841.82. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.40% of the company’s stock.
A number of research firms have commented on ETH. Zacks Investment Research lowered Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 17th. ValuEngine lowered Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Raymond James reissued a “buy” rating and issued a $27.00 price objective on shares of Ethan Allen Interiors in a research note on Sunday, August 12th. Finally, Telsey Advisory Group reduced their price objective on Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.75.
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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.
Further Reading: Understanding Market Liquidity
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