Trexquant Investment LP acquired a new position in Ethan Allen Interiors Inc. (NYSE:ETH) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,085 shares of the company’s stock, valued at approximately $424,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its holdings in Ethan Allen Interiors by 0.9% in the second quarter. Texas Permanent School Fund now owns 18,603 shares of the company’s stock worth $601,000 after buying an additional 159 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Ethan Allen Interiors by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the company’s stock worth $627,000 after buying an additional 225 shares during the last quarter. Teachers Advisors LLC increased its holdings in Ethan Allen Interiors by 1.2% in the first quarter. Teachers Advisors LLC now owns 41,120 shares of the company’s stock worth $1,260,000 after buying an additional 469 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Ethan Allen Interiors by 8.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the company’s stock worth $276,000 after buying an additional 630 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in Ethan Allen Interiors by 5.9% in the second quarter. Thrivent Financial For Lutherans now owns 15,340 shares of the company’s stock worth $495,000 after buying an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 99.41% of the company’s stock.
ETH has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. KeyCorp restated a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, October 13th. TheStreet downgraded Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Friday, October 27th. Finally, BidaskClub downgraded Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.50.
Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $181.30 million. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The company’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. equities analysts predict that Ethan Allen Interiors Inc. will post 1.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Shareholders of record on Wednesday, January 10th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 9th. This represents a $0.76 dividend on an annualized basis and a yield of 2.63%. Ethan Allen Interiors’s payout ratio is currently 66.09%.
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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