First Mercantile Trust Co Lowers stake in Ethan Allen Interiors (ETH)

Ethan Allen Interiors (ETH) : First Mercantile Trust Co reduced its stake in Ethan Allen Interiors by 9.89% during the most recent quarter end. The investment management company now holds a total of 14,575 shares of Ethan Allen Interiors which is valued at $441,914 after selling 1,600 shares in Ethan Allen Interiors , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Ethan Allen Interiors makes up approximately 0.06% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in ETH in the latest quarter, The investment management firm added 178 additional shares and now holds a total of 197 shares of Ethan Allen Interiors which is valued at $5,973.Bnp Paribas Arbitrage Sa reduced its stake in ETH by selling 4,100 shares or 44.93% in the most recent quarter. The Hedge Fund company now holds 5,026 shares of ETH which is valued at $151,886.

Ethan Allen Interiors closed down -0.11 points or -0.36% at $30.32 with 2,63,688 shares getting traded on Friday. Post opening the session at $30.51, the shares hit an intraday low of $30.11 and an intraday high of $30.98 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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.

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