Nisa Investment Advisors LLC reduced its stake in Ethan Allen Interiors Inc. (NYSE:ETH) by 54.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,850 shares of the company’s stock after selling 33,100 shares during the quarter. Nisa Investment Advisors LLC owned about 0.10% of Ethan Allen Interiors worth $587,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Kessler Investment Group LLC lifted its stake in shares of Ethan Allen Interiors by 39.1% in the first quarter. Kessler Investment Group LLC now owns 7,688 shares of the company’s stock worth $147,000 after acquiring an additional 2,161 shares during the period. Convergence Investment Partners LLC acquired a new position in Ethan Allen Interiors in the first quarter valued at approximately $149,000. Metropolitan Life Insurance Co. NY lifted its stake in Ethan Allen Interiors by 375.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,571 shares of the company’s stock valued at $151,000 after buying an additional 6,768 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Ethan Allen Interiors by 39.2% in the first quarter. BNP Paribas Arbitrage SA now owns 10,717 shares of the company’s stock valued at $205,000 after buying an additional 3,020 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Ethan Allen Interiors in the fourth quarter valued at approximately $196,000. 89.96% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on ETH. ValuEngine lowered Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 price target (up from $20.00) on shares of Ethan Allen Interiors in a research note on Tuesday, April 30th. Finally, Zacks Investment Research lowered Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.82.
ETH traded up $0.08 during trading on Monday, hitting $17.62. The company’s stock had a trading volume of 4,591 shares, compared to its average volume of 265,079. Ethan Allen Interiors Inc. has a twelve month low of $16.90 and a twelve month high of $23.75. The business’s fifty day simple moving average is $20.63. The stock has a market capitalization of $466.21 million, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.68 and a beta of 0.97.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The business had revenue of $183.90 million during the quarter, compared to analyst estimates of $200.20 million. Ethan Allen Interiors had a net margin of 3.44% and a return on equity of 11.13%. Ethan Allen Interiors’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. As a group, equities analysts expect that Ethan Allen Interiors Inc. will post 1.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.21 per share. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, October 9th. This represents a $0.84 annualized dividend and a dividend yield of 4.77%. Ethan Allen Interiors’s payout ratio is currently 48.72%.
Ethan Allen Interiors 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.
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