Ontario Teachers Pension Plan Board purchased a new stake in Ethan Allen Interiors Inc. (NYSE:ETH) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,354 shares of the company’s stock, valued at approximately $425,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ETH. Dimensional Fund Advisors LP increased its position in Ethan Allen Interiors by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,203,827 shares of the company’s stock valued at $50,578,000 after acquiring an additional 149,223 shares during the period. BlackRock Inc. increased its position in shares of Ethan Allen Interiors by 2.4% during the second quarter. BlackRock Inc. now owns 3,703,905 shares of the company’s stock worth $90,746,000 after buying an additional 85,620 shares during the period. Global Alpha Capital Management Ltd. increased its position in shares of Ethan Allen Interiors by 34.8% during the first quarter. Global Alpha Capital Management Ltd. now owns 256,925 shares of the company’s stock worth $5,896,000 after buying an additional 66,300 shares during the period. Foundry Partners LLC increased its position in shares of Ethan Allen Interiors by 31.6% during the first quarter. Foundry Partners LLC now owns 204,655 shares of the company’s stock worth $4,697,000 after buying an additional 49,165 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Ethan Allen Interiors by 18.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 277,803 shares of the company’s stock worth $6,376,000 after buying an additional 44,048 shares during the period. Hedge funds and other institutional investors own 95.59% of the company’s stock.
Several equities research analysts have recently weighed in on ETH shares. Raymond James reiterated a “buy” rating and set a $27.00 price objective on shares of Ethan Allen Interiors in a research report on Sunday, August 12th. Zacks Investment Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating and set a $27.00 price objective for the company in a research report on Wednesday, June 27th. Finally, ValuEngine cut shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $27.60.
ETH opened at $22.50 on Friday. Ethan Allen Interiors Inc. has a twelve month low of $21.50 and a twelve month high of $32.90. The firm has a market cap of $588.95 million, a PE ratio of 16.44, a PEG ratio of 1.20 and a beta of 0.88.
Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 9.33%. The company had revenue of $205.60 million during the quarter, compared to analysts’ expectations of $200.01 million. During the same period in the prior year, the company posted $0.42 earnings per share. Ethan Allen Interiors’s revenue for the quarter was up 5.5% compared to the same quarter last year. research analysts anticipate that Ethan Allen Interiors Inc. will post 1.53 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Stockholders of record on Wednesday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, October 9th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 56.30%.
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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