Marshall Wace North America L.P. Buys New Stake in Ethan Allen Interiors Inc. (NYSE:ETH)

Marshall Wace North America L.P. bought a new position in Ethan Allen Interiors Inc. (NYSE:ETH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 130,589 shares of the company’s stock, valued at approximately $4,179,000. Marshall Wace North America L.P. owned 0.47% of Ethan Allen Interiors at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ETH. BlackRock Inc. lifted its position in Ethan Allen Interiors by 122,313.2% in the first quarter. BlackRock Inc. now owns 3,434,913 shares of the company’s stock worth $105,279,000 after purchasing an additional 3,432,107 shares during the period. Alliancebernstein L.P. lifted its position in Ethan Allen Interiors by 63.1% in the first quarter. Alliancebernstein L.P. now owns 843,097 shares of the company’s stock worth $25,841,000 after purchasing an additional 326,150 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in Ethan Allen Interiors by 46.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 855,725 shares of the company’s stock worth $27,640,000 after purchasing an additional 271,300 shares during the period. Dimensional Fund Advisors LP lifted its position in Ethan Allen Interiors by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,643,631 shares of the company’s stock worth $50,377,000 after purchasing an additional 119,706 shares during the period. Finally, Kennedy Capital Management Inc. lifted its position in Ethan Allen Interiors by 19.7% in the first quarter. Kennedy Capital Management Inc. now owns 415,792 shares of the company’s stock worth $12,744,000 after purchasing an additional 68,391 shares during the period. 99.41% of the stock is owned by hedge funds and other institutional investors.

Shares of Ethan Allen Interiors Inc. (ETH) traded up 0.83% on Friday, hitting $30.20. The company’s stock had a trading volume of 562,001 shares. The stock’s 50-day moving average price is $30.36 and its 200-day moving average price is $29.91. Ethan Allen Interiors Inc. has a 52 week low of $26.75 and a 52 week high of $38.80. The firm has a market cap of $828.90 million, a price-to-earnings ratio of 23.41 and a beta of 1.17.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, October 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.52%. Ethan Allen Interiors’s payout ratio is 58.92%.

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Several research analysts recently commented on the company. BidaskClub raised Ethan Allen Interiors from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet raised Ethan Allen Interiors from a “c+” rating to a “b-” rating in a research report on Thursday, June 29th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ethan Allen Interiors currently has a consensus rating of “Buy” and an average price target of $33.25.

Ethan Allen Interiors 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.

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

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