Dupont Capital Management Corp bought a new stake in Ethan Allen Interiors Inc. (NYSE:ETH) in the 4th quarter, Holdings Channel reports. The institutional investor bought 62,097 shares of the company’s stock, valued at approximately $1,092,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETH. Kessler Investment Group LLC acquired a new position in Ethan Allen Interiors in the 3rd quarter valued at about $162,000. Meeder Asset Management Inc. acquired a new position in Ethan Allen Interiors in the 4th quarter valued at about $166,000. State of Alaska Department of Revenue grew its position in Ethan Allen Interiors by 38.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,383 shares of the company’s stock valued at $235,000 after acquiring an additional 3,169 shares in the last quarter. MetLife Investment Advisors LLC grew its position in Ethan Allen Interiors by 55.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 18,927 shares of the company’s stock valued at $393,000 after acquiring an additional 6,768 shares in the last quarter. Finally, Strs Ohio grew its position in Ethan Allen Interiors by 189.7% in the 4th quarter. Strs Ohio now owns 31,000 shares of the company’s stock valued at $545,000 after acquiring an additional 20,300 shares in the last quarter. 94.57% of the stock is owned by institutional investors.
ETH has been the subject of several recent research reports. Zacks Investment Research upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, December 27th. Telsey Advisory Group decreased their price objective on Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating for the company in a research note on Thursday, October 25th. Raymond James cut Ethan Allen Interiors from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $22.75 to $18.45 in a research note on Monday, February 4th. Dougherty & Co cut Ethan Allen Interiors from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 29th. Finally, ValuEngine cut Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.86.
Shares of ETH opened at $19.18 on Tuesday. The stock has a market capitalization of $508.21 million, a PE ratio of 14.21, a P/E/G ratio of 1.20 and a beta of 1.00. Ethan Allen Interiors Inc. has a 1 year low of $16.90 and a 1 year high of $25.55.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings data on Monday, January 28th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $197.20 million during the quarter, compared to analysts’ expectations of $201.66 million. Ethan Allen Interiors had a return on equity of 9.29% and a net margin of 4.55%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 1.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 11th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Wednesday, April 10th. Ethan Allen Interiors’s payout ratio is presently 56.30%.
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Ethan Allen Interiors Company 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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