Uniplan Investment Counsel Inc. increased its stake in Ethan Allen Interiors Inc. (NYSE:ETH) by 25.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 196,866 shares of the company’s stock after purchasing an additional 39,327 shares during the period. Uniplan Investment Counsel Inc. owned approximately 0.72% of Ethan Allen Interiors worth $6,378,000 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. Tiedemann Wealth Management LLC grew its position in Ethan Allen Interiors by 39.5% in the third quarter. Tiedemann Wealth Management LLC now owns 28,231 shares of the company’s stock valued at $244,000 after acquiring an additional 8,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Ethan Allen Interiors in the third quarter valued at about $259,000. Municipal Employees Retirement System of Michigan grew its position 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 valued at $276,000 after acquiring an additional 630 shares during the last quarter. SG Americas Securities LLC grew its position in Ethan Allen Interiors by 180.1% in the third quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock valued at $352,000 after acquiring an additional 6,986 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. grew its position in Ethan Allen Interiors by 24.2% in the third quarter. Financial Engines Advisors L.L.C. now owns 11,423 shares of the company’s stock valued at $370,000 after acquiring an additional 2,223 shares during the last quarter. Institutional investors own 99.41% of the company’s stock.
A number of research firms have issued reports on ETH. TheStreet cut Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Friday, October 27th. Stifel Nicolaus lifted their target price on Ethan Allen Interiors from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Ethan Allen Interiors in a research report on Tuesday, October 17th. Dougherty & Co upgraded Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Friday, October 13th. Finally, BidaskClub cut Ethan Allen Interiors from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $33.50.
Shares of Ethan Allen Interiors Inc. (ETH) remained flat at $$28.95 during mid-day trading on Thursday. 145,400 shares of the stock traded hands, compared to its average volume of 334,080. Ethan Allen Interiors Inc. has a 1 year low of $26.45 and a 1 year high of $38.80. The stock has a market capitalization of $795.28, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41.
Ethan Allen Interiors (NYSE:ETH) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. The firm had revenue of $181.30 million for the quarter, compared to analyst estimates of $181.30 million. During the same period last year, the firm posted $0.41 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. equities analysts expect that Ethan Allen Interiors Inc. will post 1.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, January 9th. Ethan Allen Interiors’s payout ratio is 66.09%.
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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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