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

Ethan Allen Interiors Inc. (NYSE:ETD) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,330,000 shares, a decrease of 6.4% from the March 15th total of 2,490,000 shares. Based on an average daily volume of 204,400 shares, the days-to-cover ratio is presently 11.4 days. Currently, 10.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Wyoming bought a new position in shares of Ethan Allen Interiors in the 4th quarter valued at about $30,000. Tower Research Capital LLC TRC boosted its holdings in shares of Ethan Allen Interiors by 234.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,212 shares of the company’s stock worth $34,000 after buying an additional 850 shares during the period. Metropolitan Life Insurance Co NY bought a new stake in shares of Ethan Allen Interiors during the 1st quarter worth about $39,000. AJOVista LLC bought a new stake in shares of Ethan Allen Interiors during the 4th quarter worth about $41,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Ethan Allen Interiors during the 1st quarter valued at approximately $41,000. Institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Down 0.5 %

Shares of NYSE:ETD traded down $0.17 during midday trading on Tuesday, reaching $30.93. 119,441 shares of the company were exchanged, compared to its average volume of 198,106. Ethan Allen Interiors has a fifty-two week low of $24.76 and a fifty-two week high of $36.19. The stock has a fifty day simple moving average of $32.37 and a two-hundred day simple moving average of $30.22. The firm has a market cap of $785.62 million, a PE ratio of 9.97 and a beta of 1.22.

Ethan Allen Interiors (NYSE:ETD) last released its earnings results on Wednesday, January 24th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). The business had revenue of $167.28 million during the quarter, compared to the consensus estimate of $179.20 million. Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same period last year, the business posted $1.10 EPS. As a group, analysts forecast that Ethan Allen Interiors will post 2.7 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Tuesday, February 6th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Monday, February 5th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 46.15%.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 25th.

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.