Royce & Associates LP Has $71.25 Million Holdings in Ethan Allen Interiors Inc. (ETH)
Royce & Associates LP decreased its holdings in Ethan Allen Interiors Inc. (NYSE:ETH) by 12.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,199,125 shares of the company’s stock after selling 302,835 shares during the quarter. Royce & Associates LP owned 8.01% of Ethan Allen Interiors worth $71,252,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of ETH. Teachers Advisors LLC raised its stake in Ethan Allen Interiors by 1.2% in the 1st quarter. Teachers Advisors LLC now owns 41,120 shares of the company’s stock worth $1,260,000 after purchasing an additional 469 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Ethan Allen Interiors by 31.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 168,058 shares of the company’s stock worth $5,151,000 after purchasing an additional 40,364 shares in the last quarter. State Street Corp raised its stake in Ethan Allen Interiors by 6.8% in the 1st quarter. State Street Corp now owns 602,322 shares of the company’s stock worth $18,460,000 after purchasing an additional 38,285 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Ethan Allen Interiors by 8.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the company’s stock worth $276,000 after purchasing an additional 630 shares in the last quarter. Finally, NGAM Advisors L.P. raised its stake in Ethan Allen Interiors by 289.4% in the 2nd quarter. NGAM Advisors L.P. now owns 75,895 shares of the company’s stock worth $2,451,000 after purchasing an additional 56,403 shares in the last quarter. Institutional investors and hedge funds own 99.41% of the company’s stock.
Ethan Allen Interiors Inc. (ETH) traded down $0.65 during mid-day trading on Wednesday, reaching $28.95. 180,500 shares of the company’s stock traded hands, compared to its average volume of 334,886. Ethan Allen Interiors Inc. has a 52-week low of $26.45 and a 52-week high of $38.80. The company has a market cap of $813.14, a price-to-earnings ratio of 22.42, a P/E/G ratio of 1.93 and a beta of 1.41.
Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The firm had revenue of $181.30 million for the quarter, compared to analyst estimates of $181.30 million. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. analysts anticipate that Ethan Allen Interiors Inc. will post 1.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, January 9th. Ethan Allen Interiors’s dividend payout ratio is currently 66.09%.
Several analysts have weighed in on the stock. TheStreet cut shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a research note on Friday, October 27th. Stifel Nicolaus lifted their price objective on shares of Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Ethan Allen Interiors in a research note on Tuesday, October 17th. Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, October 13th. Finally, BidaskClub lowered shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Three equities research analysts have rated the stock with a hold rating, two have assigned 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 $33.50.
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Ethan Allen Interiors Profile
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.
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