Ethan Allen Interiors Inc. (NYSE:ETD) Short Interest Update

Ethan Allen Interiors Inc. (NYSE:ETD) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,630,000 shares, a drop of 5.1% from the October 15th total of 2,770,000 shares. Approximately 11.2% of the company’s shares are short sold. Based on an average daily volume of 302,500 shares, the days-to-cover ratio is currently 8.7 days.

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $28.90 on Tuesday. The company has a 50 day moving average price of $30.11 and a two-hundred day moving average price of $29.56. The company has a market capitalization of $734.80 million, a PE ratio of 11.60 and a beta of 1.27. Ethan Allen Interiors has a 52 week low of $26.53 and a 52 week high of $35.62.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, November 12th. Ethan Allen Interiors’s payout ratio is presently 63.16%.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the sale, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. The trade was a 0.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 30,000 shares of company stock valued at $913,800. 10.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Ethan Allen Interiors by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock worth $56,720,000 after acquiring an additional 25,472 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Ethan Allen Interiors by 4.5% in the 2nd quarter. Pacer Advisors Inc. now owns 888,760 shares of the company’s stock valued at $24,788,000 after purchasing an additional 38,101 shares during the period. American Century Companies Inc. increased its stake in Ethan Allen Interiors by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock worth $15,283,000 after purchasing an additional 72,767 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in Ethan Allen Interiors by 0.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 547,857 shares of the company’s stock worth $17,471,000 after buying an additional 3,311 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Ethan Allen Interiors by 0.6% in the third quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock valued at $17,179,000 after buying an additional 3,310 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.