Swiss National Bank Grows Position in Ethan Allen Interiors Inc. (NYSE:ETH)

Swiss National Bank lifted its position in Ethan Allen Interiors Inc. (NYSE:ETH) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 47,000 shares of the company’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank owned about 0.18% of Ethan Allen Interiors worth $990,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ETH. Robeco Institutional Asset Management B.V. bought a new position in shares of Ethan Allen Interiors in the 2nd quarter worth approximately $4,777,000. Global Alpha Capital Management Ltd. increased its stake in shares of Ethan Allen Interiors by 15.6% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 592,968 shares of the company’s stock worth $11,343,000 after acquiring an additional 80,000 shares in the last quarter. Systematic Financial Management LP increased its stake in shares of Ethan Allen Interiors by 102.8% in the 2nd quarter. Systematic Financial Management LP now owns 127,175 shares of the company’s stock worth $2,678,000 after acquiring an additional 64,455 shares in the last quarter. Jennison Associates LLC purchased a new position in Ethan Allen Interiors during the 1st quarter valued at about $908,000. Finally, Aperio Group LLC lifted its position in Ethan Allen Interiors by 147.9% during the 2nd quarter. Aperio Group LLC now owns 56,857 shares of the company’s stock valued at $1,197,000 after acquiring an additional 33,919 shares during the period. Hedge funds and other institutional investors own 91.94% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a report on Monday, August 5th. ValuEngine lowered shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.82.

Shares of NYSE ETH traded up $0.04 during trading on Wednesday, reaching $18.67. The company had a trading volume of 4,939 shares, compared to its average volume of 216,159. Ethan Allen Interiors Inc. has a 12-month low of $16.63 and a 12-month high of $23.11. The stock has a market cap of $483.88 million, a PE ratio of 11.96 and a beta of 0.99. The business’s 50-day moving average is $18.27 and its 200 day moving average is $20.00.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.04). The company had revenue of $183.90 million for the quarter, compared to the consensus estimate of $200.20 million. Ethan Allen Interiors had a net margin of 3.44% and a return on equity of 11.13%. Ethan Allen Interiors’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Research analysts forecast that Ethan Allen Interiors Inc. will post 1.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 10th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 4.50%. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, October 9th. Ethan Allen Interiors’s dividend payout ratio is 48.72%.

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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Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETH)

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