Ethan Allen Interiors (ETH) : Royce Associates Lp reduced its stake in Ethan Allen Interiors by 1.45% during the most recent quarter end. The investment management company now holds a total of 2,577,947 shares of Ethan Allen Interiors which is valued at $87,830,654 after selling 37,970 shares in Ethan Allen Interiors , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Ethan Allen Interiors makes up approximately 0.55% of Royce Associates Lp’s portfolio.
Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss reduced its stake in ETH by selling 22,181 shares or 12.82% in the most recent quarter. The Hedge Fund company now holds 150,776 shares of ETH which is valued at $5,136,938. Ethan Allen Interiors makes up approx 0.01% of Barrow Hanley Mewhinney Strauss’s portfolio.Gamco Investors Et Al reduced its stake in ETH by selling 41,500 shares or 24.88% in the most recent quarter. The Hedge Fund company now holds 125,300 shares of ETH which is valued at $4,365,452. Ethan Allen Interiors makes up approx 0.03% of Gamco Investors Et Al’s portfolio. Sawgrass Asset Management added ETH to its portfolio by purchasing 6,160 company shares during the most recent quarter which is valued at $212,150. Ethan Allen Interiors makes up approx 0.01% of Sawgrass Asset Management’s portfolio.
Ethan Allen Interiors opened for trading at $33.98 and hit $34.79 on the upside on Monday, eventually ending the session at $34.63, with a gain of 2.33% or 0.79 points. The heightened volatility saw the trading volume jump to 1,91,876 shares. Company has a market cap of $961 M.
On the company’s financial health, Ethan Allen Interiors reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.31. The company had revenue of $190.60 million for the quarter, compared to analysts expectations of $183.04 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Investors should note that on Jul 27, 2016, Ethan Allen Interiors announced a cash dividend of $0.1700. The company’s management has announced Oct 6, 2016 as the ex-dividend date and fixed the record date on Oct 10, 2016. The payable date has been fixed on Oct 25, 2016.
Many Wall Street Analysts have commented on Ethan Allen Interiors. Ethan Allen Interiors was Downgraded by Raymond James to ” Mkt Perform” on Jul 27, 2016. Company shares were Reiterated by Dougherty & Company on Jul 27, 2016 to “Buy”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Company shares were Upgraded by Telsey Advisory Group on Jul 19, 2016 to ” Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $33 .
Ethan Allen Interiors Inc. (Ethan Allen) through its wholly owned subsidiary Ethan Allen Global Inc. is an interior design company. The Company is a manufacturer and retailer of home furnishings and accessories. The Company offers interior design service to its clients and sells a range of furniture products and decorative accents through ethanallen.com and a network of approximately 300 design centers in the United States. The Company owns and operates eight manufacturing facilities including five manufacturing plants and one sawmill in the United States and a manufacturing plant in each of Mexico and Honduras. The Company operates in two segments including wholesale and retail. The wholesale segment develops designs manufactures sells and distributes home furnishings and accents. The retail segment is engaged in selling of home furnishings and accents to consumers.