Ethan Allen Interiors Inc. (NYSE:ETD) Short Interest Up 26.4% in January

Ethan Allen Interiors Inc. (NYSE:ETD) was the target of a significant growth in short interest in 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. Currently, 8.2% of the shares of the stock are short sold. Based on an average daily volume of 477,924 shares, the short-interest ratio is presently 4.0 days. Based on an average daily volume of 477,924 shares, the short-interest ratio is presently 4.0 days. Currently, 8.2% of the shares of the stock are short sold.

Ethan Allen Interiors Trading Down 0.7%

NYSE ETD opened at $23.69 on Wednesday. The stock has a fifty day simple moving average of $23.88 and a 200-day simple moving average of $26.03. The stock has a market cap of $602.91 million, a PE ratio of 13.77 and a beta of 1.20. Ethan Allen Interiors has a twelve month low of $21.67 and a twelve month high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last posted its 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 company had revenue of $149.92 million for the quarter, compared to analysts’ expectations of $152.25 million. Ethan Allen Interiors had a net margin of 7.35% and a return on equity of 9.28%. Ethan Allen Interiors’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Research analysts predict that Ethan Allen Interiors will post 2.32 EPS for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Wednesday, February 11th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.6%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 90.70%.

Insider Activity

In related news, CEO M Farooq Kathwari sold 2,168 shares of Ethan Allen Interiors stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $54,221.68. Following the transaction, the chief executive officer owned 1,483,228 shares in the company, valued at approximately $37,095,532.28. This trade represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.92% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in shares of Ethan Allen Interiors by 44.0% in the second quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock valued at $36,000 after buying an additional 399 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Ethan Allen Interiors by 365.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after acquiring an additional 2,398 shares during the period. CWM LLC grew its position in Ethan Allen Interiors by 391.4% in the 3rd quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $125,000 after acquiring an additional 3,374 shares in the last quarter. AlphaQuest LLC grew its position in Ethan Allen Interiors by 106.0% in the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock valued at $135,000 after acquiring an additional 2,359 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Ethan Allen Interiors by 76.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock worth $120,000 after purchasing an additional 2,267 shares during the period. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Ethan Allen Interiors Company Profile

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.