Piermont Capital Management Inc. purchased a new position in shares of Ethan Allen Interiors Inc. (NYSE:ETH) during the third quarter, HoldingsChannel.com reports. The fund purchased 76,530 shares of the company’s stock, valued at approximately $1,588,000.

A number of other large investors have also added to or reduced their stakes in ETH. Piedmont Investment Advisors LLC bought a new position in Ethan Allen Interiors during the second quarter worth about $143,000. Kessler Investment Group LLC bought a new position in Ethan Allen Interiors during the third quarter worth about $162,000. Itau Unibanco Holding S.A. bought a new position in Ethan Allen Interiors during the second quarter worth about $231,000. State of Alaska Department of Revenue increased its position in Ethan Allen Interiors by 38.6% during the third quarter. State of Alaska Department of Revenue now owns 11,383 shares of the company’s stock worth $235,000 after acquiring an additional 3,169 shares during the period. Finally, Trexquant Investment LP bought a new position in Ethan Allen Interiors during the second quarter worth about $239,000. 95.75% of the stock is currently owned by institutional investors and hedge funds.

ETH stock opened at $19.37 on Tuesday. Ethan Allen Interiors Inc. has a 12 month low of $18.71 and a 12 month high of $30.10. The stock has a market capitalization of $526.34 million, a price-to-earnings ratio of 14.35, a PEG ratio of 1.23 and a beta of 0.92.

Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, October 24th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. Ethan Allen Interiors had a net margin of 4.89% and a return on equity of 9.66%. The firm had revenue of $187.79 million for the quarter, compared to analyst estimates of $186.90 million. On average, equities research analysts predict that Ethan Allen Interiors Inc. will post 1.5 earnings per share for the current year.

In other Ethan Allen Interiors news, Chairman M Farooq Kathwari sold 37,882 shares of the firm’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $21.51, for a total value of $814,841.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.40% of the stock is owned by company insiders.

A number of research firms recently commented on ETH. ValuEngine lowered shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 26th. Zacks Investment Research lowered shares of Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 17th. Raymond James lowered shares of Ethan Allen Interiors from a “strong-buy” rating to an “outperform” rating in a research report on Friday, October 26th. Finally, Telsey Advisory Group lowered their price target on shares of Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Ethan Allen Interiors has an average rating of “Hold” and an average price target of $24.75.

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About Ethan Allen Interiors

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.

See Also: Cost of equity and a company’s balance sheet

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Institutional Ownership by Quarter for Ethan Allen Interiors (NYSE:ETH)

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