Cubist Systematic Strategies LLC Takes Position in Ethan Allen Interiors Inc. (ETH)
Cubist Systematic Strategies LLC acquired a new stake in Ethan Allen Interiors Inc. (NYSE:ETH) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,118 shares of the company’s stock, valued at approximately $457,000. Cubist Systematic Strategies LLC owned approximately 0.05% of Ethan Allen Interiors at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in Ethan Allen Interiors in the third quarter valued at $259,000. Municipal Employees Retirement System of Michigan boosted its stake 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 in the last quarter. SG Americas Securities LLC boosted its stake 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 in the last quarter. Financial Engines Advisors L.L.C. boosted its stake 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 in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Ethan Allen Interiors by 30.4% in the second quarter. BNP Paribas Arbitrage SA now owns 11,719 shares of the company’s stock valued at $379,000 after acquiring an additional 2,729 shares in the last quarter. Institutional investors own 99.41% of the company’s stock.
A number of brokerages have recently commented on ETH. Zacks Investment Research raised shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Wednesday, December 20th. KeyCorp reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. TheStreet cut shares of Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Friday, October 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $27.00 target price on shares of Ethan Allen Interiors in a report on Friday, October 13th. Finally, Dougherty & Co raised shares of Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.40.
Shares of Ethan Allen Interiors Inc. (NYSE:ETH) opened at $28.60 on Friday. Ethan Allen Interiors Inc. has a 1-year low of $26.45 and a 1-year high of $37.90. The company has a market cap of $796.66, a PE ratio of 24.87, a PEG ratio of 1.91 and a beta of 1.41.
Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Wednesday, October 25th. The company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. Ethan Allen Interiors had a net margin of 4.27% and a return on equity of 9.11%. The business had revenue of $181.30 million during the quarter, compared to analysts’ expectations of $181.30 million. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. analysts predict that Ethan Allen Interiors Inc. will post 1.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a yield of 2.66%. Ethan Allen Interiors’s dividend payout ratio is currently 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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