State Street Corp raised its position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 6.8% during the first quarter, Holdings Channel reports. The firm owned 602,322 shares of the company’s stock after buying an additional 38,285 shares during the period. State Street Corp’s holdings in Ethan Allen Interiors were worth $18,460,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Royce & Associates LP increased its position in shares of 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 during the last quarter. Adams Diversified Equity Fund Inc. increased its position in shares of 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 during the last quarter. Teachers Advisors LLC increased its position in shares of 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 during the last quarter. Fisher Asset Management LLC increased its position in shares of 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 during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of 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 during the last quarter. 99.16% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ethan Allen Interiors Inc. (NYSE:ETH) traded up 0.81% during mid-day trading on Wednesday, reaching $31.10. 40,954 shares of the company’s stock traded hands. The firm has a market cap of $853.60 million, a price-to-earnings ratio of 24.11 and a beta of 1.16. Ethan Allen Interiors Inc. has a one year low of $26.75 and a one year high of $38.80. The firm’s 50-day moving average is $31.34 and its 200 day moving average is $29.80.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Ethan Allen Interiors had a return on equity of 10.17% and a net margin of 4.74%. The firm had revenue of $194.90 million during the quarter, compared to the consensus estimate of $194.94 million. During the same period last year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts predict that Ethan Allen Interiors Inc. will post $1.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Tuesday, October 10th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Friday, October 6th. Ethan Allen Interiors’s dividend payout ratio is presently 58.92%.

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A number of research analysts have recently issued reports on the stock. TheStreet raised shares of Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research report on Thursday, June 29th. BidaskClub upgraded shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Telsey Advisory Group lowered their target price on shares of Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, April 27th. Finally, Stifel Nicolaus lowered their target price on shares of Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating, two have given 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 target price 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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Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETH)

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