Ethan Allen Interiors Inc. (NYSE:ETD) Short Interest Down 6.4% in March

Ethan Allen Interiors Inc. (NYSE:ETD) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,330,000 shares, a drop of 6.4% from the March 15th total of 2,490,000 shares. Approximately 10.2% of the company’s shares are sold short. Based on an average trading volume of 204,400 shares, the short-interest ratio is currently 11.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ETD. State of Wyoming bought a new stake in shares of Ethan Allen Interiors during 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 in the last quarter. AJOVista LLC acquired a new stake in shares of Ethan Allen Interiors during the 4th quarter worth approximately $41,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at $39,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of Ethan Allen Interiors during the 1st quarter valued at $41,000. 83.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock opened at $31.05 on Thursday. The stock’s 50 day moving average is $32.43 and its 200 day moving average is $30.24. Ethan Allen Interiors has a one year low of $24.76 and a one year high of $36.19. The firm has a market cap of $788.67 million, a P/E ratio of 9.95 and a beta of 1.22.

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

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Tuesday, February 6th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.44 dividend on an annualized basis and a yield of 4.64%. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 46.15%.

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.