BNP Paribas Arbitrage SA Grows Stake in Ethan Allen Interiors Inc. (ETH)
BNP Paribas Arbitrage SA lifted its stake in shares of Ethan Allen Interiors Inc. (NYSE:ETH) by 30.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,719 shares of the company’s stock after purchasing an additional 2,729 shares during the period. BNP Paribas Arbitrage SA’s holdings in Ethan Allen Interiors were worth $379,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its stake in Ethan Allen Interiors by 2.8% during the 4th quarter. Teachers Advisors LLC now owns 40,651 shares of the company’s stock valued at $1,498,000 after acquiring an additional 1,117 shares in the last quarter. Bank of Montreal Can grew its stake in Ethan Allen Interiors by 4.4% during the 1st quarter. Bank of Montreal Can now owns 8,062 shares of the company’s stock valued at $247,000 after acquiring an additional 341 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Ethan Allen Interiors by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the company’s stock valued at $319,000 after acquiring an additional 200 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Ethan Allen Interiors by 4.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 34,206 shares of the company’s stock valued at $1,047,000 after acquiring an additional 1,444 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Ethan Allen Interiors by 0.7% during the 1st quarter. First Trust Advisors LP now owns 50,698 shares of the company’s stock valued at $1,554,000 after acquiring an additional 355 shares in the last quarter. 99.41% of the stock is owned by institutional investors and hedge funds.
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ETH has been the subject of several research reports. TheStreet raised shares of Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research note on Thursday, June 29th. BidaskClub raised shares of Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.25.
Shares of Ethan Allen Interiors Inc. (NYSE ETH) opened at 30.20 on Monday. Ethan Allen Interiors Inc. has a 52 week low of $26.75 and a 52 week high of $38.80. The company’s 50-day moving average is $30.36 and its 200 day moving average is $29.91. The stock has a market cap of $828.90 million, a PE ratio of 23.41 and a beta of 1.17.
Ethan Allen Interiors (NYSE:ETH) last announced its earnings results on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $194.90 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. Analysts forecast 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. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, October 6th. Ethan Allen Interiors’s payout ratio is currently 58.92%.
About Ethan Allen Interiors
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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