Goldman Sachs Group Inc. Reduces Position in Ethan Allen Interiors Inc. (NYSE:ETH)
Goldman Sachs Group Inc. lowered its position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 82.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 31,273 shares of the company’s stock after selling 148,688 shares during the period. Goldman Sachs Group Inc.’s holdings in Ethan Allen Interiors were worth $959,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP boosted its stake in Ethan Allen Interiors by 2.5% in the first quarter. Royce & Associates LP now owns 2,281,636 shares of the company’s stock worth $69,932,000 after buying an additional 55,800 shares in the last quarter. Adams Diversified Equity Fund Inc. boosted its stake in Ethan Allen Interiors by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 32,300 shares of the company’s stock worth $990,000 after buying an additional 900 shares in the last quarter. Teachers Advisors LLC boosted its stake in Ethan Allen Interiors by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 40,651 shares of the company’s stock worth $1,498,000 after buying an additional 1,117 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Ethan Allen Interiors by 42.7% in the first quarter. Fisher Asset Management LLC now owns 57,823 shares of the company’s stock worth $1,772,000 after buying an additional 17,306 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Ethan Allen Interiors by 77.5% in the first quarter. State of Alaska Department of Revenue now owns 4,900 shares of the company’s stock worth $150,000 after buying an additional 2,140 shares in the last quarter. Institutional investors and hedge funds own 99.16% of the company’s stock.
Shares of Ethan Allen Interiors Inc. (ETH) traded up 0.16% during mid-day trading on Friday, reaching $31.50. The company had a trading volume of 406,432 shares. The stock has a market capitalization of $864.58 million, a P/E ratio of 24.42 and a beta of 1.16. Ethan Allen Interiors Inc. has a 12-month low of $26.75 and a 12-month high of $38.80. The firm’s 50 day moving average is $31.29 and its 200-day moving average is $29.82.
Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $194.90 million for the quarter, compared to the consensus estimate of $194.94 million. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. On average, analysts expect that Ethan Allen Interiors Inc. will post $1.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, October 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.41%. Ethan Allen Interiors’s dividend payout ratio is currently 58.92%.
ETH has been the topic of a number of research reports. TheStreet cut Ethan Allen Interiors from a “b” rating to a “c+” rating in a research report on Thursday, April 27th. Stifel Nicolaus lowered their price objective on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, April 28th. BidaskClub upgraded Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Telsey Advisory Group lowered their price objective on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Ethan Allen Interiors currently has an average rating of “Buy” and an average price target of $33.25.
About Ethan Allen Interiors
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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