Shell Asset Management Co. continued to hold its position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,394 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co. owned approximately 0.23% of Ethan Allen Interiors worth $2,015,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in shares of Ethan Allen Interiors by 77.5% in the first quarter. State of Alaska Department of Revenue now owns 4,900 shares of the company’s stock worth $150,000 after buying an additional 2,140 shares during the last quarter. Envestnet Asset Management Inc. raised its stake 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 worth $153,000 after buying an additional 180 shares during the last quarter. Mason Street Advisors LLC raised its position in Ethan Allen Interiors by 7.2% in the first quarter. Mason Street Advisors LLC now owns 5,957 shares of the company’s stock valued at $183,000 after buying an additional 398 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in 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 raised its position in 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. 99.16% of the stock is owned by institutional investors.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) traded up 0.16% on Friday, reaching $31.50. The company’s stock had a trading volume of 406,432 shares. The firm’s 50 day moving average is $31.29 and its 200-day moving average is $29.82. Ethan Allen Interiors Inc. has a 52-week low of $26.75 and a 52-week high of $38.80. The stock has a market cap of $864.58 million, a P/E ratio of 24.42 and a beta of 1.16.
Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $194.90 million for the quarter, compared to analyst estimates of $194.94 million. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The business’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. On average, equities research analysts forecast that Ethan Allen Interiors Inc. will post $1.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Tuesday, October 10th will be paid a $0.19 dividend. The ex-dividend date is Friday, October 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.41%. Ethan Allen Interiors’s payout ratio is presently 58.92%.
Several equities analysts have recently issued reports on the company. TheStreet upgraded Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research report on Thursday, June 29th. BidaskClub upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Telsey Advisory Group decreased their price objective on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, April 27th. Finally, Stifel Nicolaus cut their target price on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Ethan Allen Interiors currently has an average 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.
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