Short Interest in Ethan Allen Interiors Inc. (NYSE:ETD) Expands By 26.4%

Ethan Allen Interiors Inc. (NYSE:ETD) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,888,286 shares, a growth of 26.4% from the January 15th total of 1,493,602 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average trading volume of 477,924 shares, the days-to-cover ratio is presently 4.0 days. Based on an average trading volume of 477,924 shares, the days-to-cover ratio is presently 4.0 days. Approximately 8.2% of the shares of the stock are sold short.

Ethan Allen Interiors Price Performance

NYSE ETD traded up $0.35 on Monday, reaching $23.84. The company had a trading volume of 455,056 shares, compared to its average volume of 425,703. The firm has a market cap of $606.63 million, a price-to-earnings ratio of 13.86 and a beta of 1.20. Ethan Allen Interiors has a fifty-two week low of $21.67 and a fifty-two week high of $31.41. The business has a 50 day moving average of $23.88 and a two-hundred day moving average of $26.11.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings results on Wednesday, January 28th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $149.92 million for the quarter, compared to analyst estimates of $152.25 million. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The business’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, research analysts predict that Ethan Allen Interiors will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, February 11th. This represents a $1.56 annualized dividend and a yield of 6.5%. Ethan Allen Interiors’s dividend payout ratio is presently 90.70%.

Insider Buying and Selling at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $25.01, for a total transaction of $54,221.68. Following the completion of the transaction, the chief executive officer directly owned 1,483,228 shares in the company, valued at $37,095,532.28. This represents a 0.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.92% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Ethan Allen Interiors by 1.9% during the third quarter. Vanguard Group Inc. now owns 1,760,093 shares of the company’s stock worth $51,852,000 after acquiring an additional 32,751 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ethan Allen Interiors by 8.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,132,118 shares of the company’s stock valued at $25,858,000 after purchasing an additional 83,903 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ethan Allen Interiors by 4.4% during the third quarter. American Century Companies Inc. now owns 874,727 shares of the company’s stock valued at $25,769,000 after purchasing an additional 36,756 shares during the period. Royce & Associates LP boosted its position in shares of Ethan Allen Interiors by 3.8% during the 4th quarter. Royce & Associates LP now owns 613,545 shares of the company’s stock worth $14,013,000 after purchasing an additional 22,390 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Ethan Allen Interiors by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 613,308 shares of the company’s stock valued at $14,008,000 after buying an additional 7,972 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

ETD has been the topic of a number of research reports. Weiss Ratings raised shares of Ethan Allen Interiors from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 10th. Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $28.00 to $27.00 and set a “market perform” rating for the company in a research report on Thursday, January 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.00.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.