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

Ethan Allen Interiors Inc. (NYSE:ETD) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,390,000 shares, a decline of 19.3% from the March 15th total of 2,960,000 shares. Based on an average daily trading volume, of 289,900 shares, the short-interest ratio is presently 8.2 days. Approximately 10.4% of the company’s stock are short sold.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.70, for a total value of $267,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,631,905 shares in the company, valued at approximately $43,571,863.50. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 30,000 shares of company stock valued at $822,800 in the last 90 days. Insiders own 10.48% of the company’s stock.

Hedge Funds Weigh In On Ethan Allen Interiors

A number of large investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in Ethan Allen Interiors during the 4th quarter worth approximately $52,000. Hillsdale Investment Management Inc. grew its stake in Ethan Allen Interiors by 213.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock valued at $53,000 after acquiring an additional 1,280 shares in the last quarter. Quarry LP lifted its stake in Ethan Allen Interiors by 73.3% in the 4th quarter. Quarry LP now owns 2,604 shares of the company’s stock worth $73,000 after purchasing an additional 1,101 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Ethan Allen Interiors in the fourth quarter valued at approximately $112,000. Finally, Prosperity Consulting Group LLC increased its holdings in shares of Ethan Allen Interiors by 35.1% in the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company’s stock valued at $264,000 after purchasing an additional 2,440 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Ethan Allen Interiors Stock Performance

NYSE ETD traded down $0.07 on Monday, reaching $26.44. 249,128 shares of the company’s stock traded hands, compared to its average volume of 252,070. The stock has a 50 day moving average price of $27.57 and a 200-day moving average price of $28.74. The firm has a market cap of $672.37 million, a price-to-earnings ratio of 11.11 and a beta of 1.18. Ethan Allen Interiors has a fifty-two week low of $24.55 and a fifty-two week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. As a group, equities research analysts anticipate that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.90%. Ethan Allen Interiors’s dividend payout ratio is currently 65.55%.

Analyst Ratings Changes

A number of brokerages have issued reports on ETD. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th.

Ethan Allen Interiors Company Profile

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.