Bank of New York Mellon Corp grew its position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 918,069 shares of the company’s stock after acquiring an additional 57,538 shares during the period. Bank of New York Mellon Corp owned about 3.34% of Ethan Allen Interiors worth $26,256,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Ethan Allen Interiors by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,913,194 shares of the company’s stock valued at $61,988,000 after acquiring an additional 31,263 shares during the last quarter. LSV Asset Management raised its stake in Ethan Allen Interiors by 0.3% in the fourth quarter. LSV Asset Management now owns 1,182,752 shares of the company’s stock worth $33,826,000 after buying an additional 3,900 shares in the last quarter. 1060 Capital LLC raised its stake in Ethan Allen Interiors by 4.2% in the third quarter. 1060 Capital LLC now owns 687,523 shares of the company’s stock worth $22,276,000 after buying an additional 27,962 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Ethan Allen Interiors by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 355,375 shares of the company’s stock worth $11,515,000 after buying an additional 27,510 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Ethan Allen Interiors by 5.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 233,755 shares of the company’s stock worth $6,686,000 after buying an additional 12,166 shares in the last quarter. 99.41% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, January 19th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price target (down from $33.00) on shares of Ethan Allen Interiors in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus decreased their price target on shares of Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.50.
Ethan Allen Interiors stock opened at $24.65 on Monday. Ethan Allen Interiors Inc. has a one year low of $23.35 and a one year high of $33.13. The stock has a market cap of $677.28, a PE ratio of 18.82, a P/E/G ratio of 1.65 and a beta of 1.16.
Ethan Allen Interiors (NYSE:ETH) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Ethan Allen Interiors had a net margin of 4.80% and a return on equity of 10.06%. The company had revenue of $198.50 million during the quarter, compared to the consensus estimate of $198.50 million. During the same period in the prior year, the firm earned $0.39 earnings per share. Ethan Allen Interiors’s revenue was up 2.0% on a year-over-year basis. equities analysts anticipate that Ethan Allen Interiors Inc. will post 1.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 11th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, April 10th. Ethan Allen Interiors’s payout ratio is currently 58.02%.
In other Ethan Allen Interiors news, Chairman M Farooq Kathwari acquired 4,090 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $24.37 per share, for a total transaction of $99,673.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Corey Whitely acquired 1,700 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $24.65 per share, for a total transaction of $41,905.00. Following the acquisition, the chief financial officer now owns 12,574 shares of the company’s stock, valued at approximately $309,949.10. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,630 shares of company stock worth $161,654. Corporate insiders own 10.50% of the company’s stock.
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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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