Russell Investments Group Ltd. cut its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 30.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 116,370 shares of the company’s stock after selling 51,094 shares during the period. Russell Investments Group Ltd. owned about 0.42% of Ethan Allen Interiors worth $3,759,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Ethan Allen Interiors by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,980 shares of the company’s stock valued at $153,000 after buying an additional 180 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Ethan Allen Interiors by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the company’s stock valued at $319,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Ethan Allen Interiors by 1.5% in the first quarter. Arizona State Retirement System now owns 13,260 shares of the company’s stock valued at $406,000 after buying an additional 200 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of Ethan Allen Interiors by 4.9% in the first quarter. First Citizens Bank & Trust Co. now owns 7,149 shares of the company’s stock valued at $219,000 after buying an additional 335 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Ethan Allen Interiors by 4.4% in the first quarter. Bank of Montreal Can now owns 8,062 shares of the company’s stock valued at $247,000 after buying an additional 341 shares during the last quarter. Institutional investors own 99.16% of the company’s stock.

Ethan Allen Interiors Inc. (NYSE:ETH) traded up 1.09% during trading on Friday, reaching $27.80. 551,918 shares of the company were exchanged. Ethan Allen Interiors Inc. has a one year low of $26.75 and a one year high of $38.80. The company has a market capitalization of $763.03 million, a P/E ratio of 21.55 and a beta of 1.16. The firm’s 50-day moving average is $30.78 and its 200 day moving average is $29.80.

Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The business had revenue of $194.90 million during the quarter, compared to the consensus estimate of $194.94 million. During the same period in the prior year, the company posted $0.57 EPS. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, analysts anticipate that Ethan Allen Interiors Inc. will post $1.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, October 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.73%. Ethan Allen Interiors’s dividend payout ratio is currently 58.92%.

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Several brokerages have recently commented on ETH. BidaskClub cut shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. TheStreet upgraded shares of Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research report on Thursday, June 29th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $33.25.

About Ethan Allen Interiors

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.

Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETH)

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