Numeric Investors LLC lifted its holdings in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 48.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,900 shares of the company’s stock after purchasing an additional 7,500 shares during the period. Numeric Investors LLC owned about 0.08% of Ethan Allen Interiors worth $740,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETH. Great West Life Assurance Co. Can raised its stake in shares of Ethan Allen Interiors by 4.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 34,206 shares of the company’s stock worth $1,047,000 after purchasing an additional 1,444 shares during the period. First Trust Advisors LP raised its stake in shares of Ethan Allen Interiors by 0.7% during the 1st quarter. First Trust Advisors LP now owns 50,698 shares of the company’s stock worth $1,554,000 after purchasing an additional 355 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Ethan Allen Interiors by 8.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,990 shares of the company’s stock worth $276,000 after purchasing an additional 717 shares during the period. Comerica Bank raised its stake in shares of Ethan Allen Interiors by 4.0% during the 1st quarter. Comerica Bank now owns 28,258 shares of the company’s stock worth $819,000 after purchasing an additional 1,099 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Ethan Allen Interiors during the 1st quarter worth $282,000. Institutional investors own 99.41% of the company’s stock.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The company had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $194.94 million. During the same period last year, the firm posted $0.57 earnings per share. Ethan Allen Interiors’s revenue was down 5.3% compared to the same quarter last 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 given a $0.19 dividend. The ex-dividend date is Friday, October 6th. This represents a $0.76 annualized dividend and a yield of 2.62%. Ethan Allen Interiors’s payout ratio is 58.92%.
A number of equities research analysts have recently commented on the company. TheStreet upgraded Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research note on Thursday, June 29th. BidaskClub upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $33.00.
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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