Schwab Charles Investment Management Inc. Raises Holdings in Ethan Allen Interiors Inc. (ETH)

Schwab Charles Investment Management Inc. raised its position in Ethan Allen Interiors Inc. (NYSE:ETH) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,589 shares of the company’s stock after buying an additional 13,990 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.81% of Ethan Allen Interiors worth $7,180,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in Ethan Allen Interiors in the 3rd quarter valued at $259,000. SG Americas Securities LLC grew its holdings in shares of Ethan Allen Interiors by 180.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,864 shares of the company’s stock worth $352,000 after purchasing an additional 6,986 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of Ethan Allen Interiors by 24.2% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 11,423 shares of the company’s stock worth $370,000 after purchasing an additional 2,223 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Ethan Allen Interiors by 30.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,719 shares of the company’s stock worth $379,000 after purchasing an additional 2,729 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth $385,000. 99.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ethan Allen Interiors Inc. (ETH) opened at $28.55 on Friday. The stock has a market capitalization of $788.42, a price-to-earnings ratio of 24.83, a PEG ratio of 1.90 and a beta of 1.40. Ethan Allen Interiors Inc. has a 1-year low of $26.45 and a 1-year high of $35.95.

Ethan Allen Interiors (NYSE:ETH) last released its earnings results on Wednesday, October 25th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $181.30 million for the quarter, compared to analyst estimates of $181.30 million. Ethan Allen Interiors had a return on equity of 9.11% and a net margin of 4.27%. Ethan Allen Interiors’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. equities research analysts anticipate that Ethan Allen Interiors Inc. will post 1.63 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Wednesday, January 10th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.76 annualized dividend and a dividend yield of 2.66%. Ethan Allen Interiors’s dividend payout ratio is currently 66.09%.

Several analysts have recently issued reports on ETH shares. Zacks Investment Research lowered Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. TheStreet lowered Ethan Allen Interiors from a “b” rating to a “c+” rating in a report on Friday, October 27th. Stifel Nicolaus increased their target price on Ethan Allen Interiors from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. KeyCorp reissued a “hold” rating on shares of Ethan Allen Interiors in a report on Tuesday, October 17th. Finally, Dougherty & Co raised Ethan Allen Interiors from a “neutral” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, October 13th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Ethan Allen Interiors currently has a consensus rating of “Buy” and an average price target of $33.40.

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

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