Ethan Allen Interiors Inc. (ETH) Shares Sold by Geode Capital Management LLC
Geode Capital Management LLC cut its holdings in Ethan Allen Interiors Inc. (NYSE:ETH) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,703 shares of the company’s stock after selling 4,331 shares during the period. Geode Capital Management LLC owned approximately 0.79% of Ethan Allen Interiors worth $6,197,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in shares of Ethan Allen Interiors in the 4th quarter worth about $256,000. Fox Run Management L.L.C. bought a new position in shares of Ethan Allen Interiors in the 4th quarter worth about $311,000. Capital Fund Management S.A. raised its position in shares of Ethan Allen Interiors by 58.6% in the 4th quarter. Capital Fund Management S.A. now owns 11,100 shares of the company’s stock worth $317,000 after acquiring an additional 4,100 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Ethan Allen Interiors by 41.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,270 shares of the company’s stock worth $408,000 after acquiring an additional 4,200 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Ethan Allen Interiors by 105.4% in the 3rd quarter. Jane Street Group LLC now owns 13,436 shares of the company’s stock worth $435,000 after acquiring an additional 263,436 shares in the last quarter.
Several research firms have recently weighed in on ETH. Stifel Nicolaus lowered their price objective on Ethan Allen Interiors from $30.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, January 25th. Zacks Investment Research raised Ethan Allen Interiors from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, December 20th. Telsey Advisory Group reissued a “market perform” rating and issued a $27.00 price objective (down from $33.00) on shares of Ethan Allen Interiors in a research report on Wednesday, January 17th. Finally, ValuEngine downgraded Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.50.
Ethan Allen Interiors (NYSE:ETH) last issued its earnings results on Wednesday, January 24th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The company had revenue of $198.50 million during the quarter, compared to the consensus estimate of $198.50 million. Ethan Allen Interiors had a return on equity of 10.06% and a net margin of 4.80%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. analysts anticipate that Ethan Allen Interiors Inc. will post 1.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 11th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 10th. This represents a $0.76 annualized dividend and a dividend yield of 3.39%. Ethan Allen Interiors’s dividend payout ratio is presently 52.41%.
In other news, Chairman M Farooq Kathwari bought 4,090 shares of Ethan Allen Interiors stock in a transaction dated Thursday, February 8th. The stock was bought at an average cost of $24.37 per share, for a total transaction of $99,673.30. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Corey Whitely bought 1,700 shares of Ethan Allen Interiors stock in a transaction dated Thursday, February 8th. The stock was purchased at an average price of $24.65 per share, with a total value of $41,905.00. Following the completion of the purchase, the chief financial officer now owns 12,574 shares in the company, valued at $309,949.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 6,630 shares of company stock valued at $161,654. 10.50% of the stock is currently owned by company insiders.
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Ethan Allen Interiors Company 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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