Stoneridge Investment Partners LLC decreased its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 81.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,490 shares of the company’s stock after selling 45,331 shares during the period. Stoneridge Investment Partners LLC’s holdings in Ethan Allen Interiors were worth $339,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its position in Ethan Allen Interiors by 0.9% in the second quarter. Texas Permanent School Fund now owns 18,603 shares of the company’s stock valued at $601,000 after buying an additional 159 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Ethan Allen Interiors by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 4,980 shares of the company’s stock worth $153,000 after buying an additional 180 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Ethan Allen Interiors by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the company’s stock worth $319,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Ethan Allen Interiors by 1.5% in the first quarter. Arizona State Retirement System now owns 13,260 shares of the company’s stock worth $406,000 after buying an additional 200 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its position in shares of Ethan Allen Interiors by 4.9% in the first quarter. First Citizens Bank & Trust Co. now owns 7,149 shares of the company’s stock worth $219,000 after buying an additional 335 shares in the last quarter. 99.16% of the stock is currently owned by hedge funds and other institutional investors.

Ethan Allen Interiors Inc. (NYSE ETH) opened at 31.50 on Friday. The company has a market capitalization of $864.58 million, a PE ratio of 24.42 and a beta of 1.16. The company has a 50-day moving average price of $31.29 and a 200-day moving average price of $29.82. Ethan Allen Interiors Inc. has a one year low of $26.75 and a one year high of $38.80.

Ethan Allen Interiors (NYSE:ETH) last posted its earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $194.90 million during the quarter, compared to the consensus estimate of $194.94 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 10.17%. The firm’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Analysts expect that Ethan Allen Interiors Inc. will post $1.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Tuesday, October 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.76 dividend on an annualized basis and a yield of 2.41%. Ethan Allen Interiors’s dividend payout ratio is presently 58.92%.

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ETH has been the topic of a number of recent research reports. Stifel Nicolaus decreased their target price on Ethan Allen Interiors from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, April 28th. TheStreet cut Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Thursday, April 27th. Telsey Advisory Group decreased their target price on Ethan Allen Interiors from $36.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, April 27th. Finally, BidaskClub cut Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.25.

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

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