Cornerstone Financial Partners adds Ethan Allen Interiors (ETH) to its portfolio

Ethan Allen Interiors (ETH) : Cornerstone Financial Partners added new position in Ethan Allen Interiors during the most recent quarter end. The investment management firm now holds 46,785 shares of Ethan Allen Interiors which is valued at $1,611,275 , the company said in a statement filed on Aug 3, 2016 with the SEC.Ethan Allen Interiors makes up approximately 0.56% of Cornerstone Financial Partners’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in ETH by selling 7,200 shares or 10.26% in the most recent quarter. The Hedge Fund company now holds 63,000 shares of ETH which is valued at $2,169,720.Simplex Trading reduced its stake in ETH by selling 200 shares or 91.32% in the most recent quarter. The Hedge Fund company now holds 19 shares of ETH which is valued at $689.Fisher Asset Management reduced its stake in ETH by selling 19,436 shares or 15.11% in the most recent quarter. The Hedge Fund company now holds 109,192 shares of ETH which is valued at $3,818,444. Ethan Allen Interiors makes up approx 0.01% of Fisher Asset Management’s portfolio.

Ethan Allen Interiors closed down -0.14 points or -0.40% at $34.7 with 82,984 shares getting traded on Monday. Post opening the session at $34.84, the shares hit an intraday low of $34.5 and an intraday high of $34.96 and the price fluctuated in this range throughout the day.Shares ended Monday 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.

Investors should note that on Jul 27, 2016, Ethan Allen Interiors announced a cash dividend of $0.1700. The company’s management has announced Oct 6, 2016 as the ex-dividend date and fixed the record date on Oct 10, 2016. The payable date has been fixed on Oct 25, 2016.

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 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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