Ethan Allen Interiors Inc. (NYSE:ETH) Holdings Trimmed by State of Tennessee Treasury Department

State of Tennessee Treasury Department trimmed its position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 57.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,578 shares of the company’s stock after selling 15,332 shares during the period. State of Tennessee Treasury Department’s holdings in Ethan Allen Interiors were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers grew its position in Ethan Allen Interiors by 3.5% during the 3rd quarter. Rhumbline Advisers now owns 116,586 shares of the company’s stock worth $2,227,000 after purchasing an additional 3,994 shares in the last quarter. 6 Meridian grew its position in Ethan Allen Interiors by 17.0% during the 3rd quarter. 6 Meridian now owns 30,471 shares of the company’s stock worth $582,000 after purchasing an additional 4,426 shares in the last quarter. Brinker Capital Inc. purchased a new position in Ethan Allen Interiors during the 3rd quarter worth approximately $206,000. Strs Ohio grew its position in Ethan Allen Interiors by 8.2% during the 3rd quarter. Strs Ohio now owns 34,500 shares of the company’s stock worth $658,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Ethan Allen Interiors by 73.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 48,298 shares of the company’s stock worth $922,000 after purchasing an additional 20,448 shares in the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.

NYSE ETH opened at $19.11 on Monday. The firm’s 50 day moving average price is $19.09 and its two-hundred day moving average price is $19.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 1.46. Ethan Allen Interiors Inc. has a twelve month low of $16.63 and a twelve month high of $23.11. The stock has a market cap of $503.34 million, a price-to-earnings ratio of 12.25 and a beta of 0.94.

Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. Ethan Allen Interiors had a net margin of 4.23% and a return on equity of 11.39%. The business had revenue of $173.92 million for the quarter, compared to analysts’ expectations of $174.07 million. During the same period in the previous year, the company posted $0.33 EPS. Ethan Allen Interiors’s revenue was down 7.4% on a year-over-year basis. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 1.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 9th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Wednesday, January 8th. Ethan Allen Interiors’s dividend payout ratio is currently 53.85%.

In other news, SVP Daniel M. Grow sold 1,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $19.24, for a total transaction of $28,860.00. Following the transaction, the senior vice president now directly owns 4,214 shares in the company, valued at approximately $81,077.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 10.40% of the company’s stock.

Several equities analysts have weighed in on the stock. Telsey Advisory Group lowered their price objective on shares of Ethan Allen Interiors from $20.00 to $19.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 5th. Zacks Investment Research cut shares of Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Finally, ValuEngine cut shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.15.

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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