Ethan Allen Interiors Inc. (NYSE:ETD) Sees Large Drop in Short Interest

Ethan Allen Interiors Inc. (NYSE:ETD) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,550,000 shares, a decline of 6.6% from the November 15th total of 2,730,000 shares. Approximately 10.8% of the company’s stock are sold short. Based on an average daily volume of 276,000 shares, the days-to-cover ratio is presently 9.2 days.

Analysts Set New Price Targets

Separately, 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, October 31st.

Insider Activity at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $30.87, for a total transaction of $308,700.00. Following the completion of the transaction, the chief executive officer now owns 1,698,905 shares of the company’s stock, valued at $52,445,197.35. This represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 30,000 shares of company stock worth $913,800. 10.48% of the stock is owned by company insiders.

Institutional Trading of Ethan Allen Interiors

Several large investors have recently modified their holdings of ETD. Sanctuary Advisors LLC boosted its stake in Ethan Allen Interiors by 11.8% in the third quarter. Sanctuary Advisors LLC now owns 14,489 shares of the company’s stock valued at $434,000 after buying an additional 1,525 shares in the last quarter. First Dallas Securities Inc. boosted its stake in shares of Ethan Allen Interiors by 3.6% during the third quarter. First Dallas Securities Inc. now owns 117,282 shares of the company’s stock valued at $3,740,000 after purchasing an additional 4,054 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ethan Allen Interiors by 0.6% during the third quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock valued at $17,179,000 after purchasing an additional 3,310 shares in the last quarter. Barclays PLC boosted its stake in shares of Ethan Allen Interiors by 113.8% during the third quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after purchasing an additional 30,437 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Ethan Allen Interiors during the third quarter valued at about $216,000. 83.80% of the stock is owned by institutional investors and hedge funds.

Ethan Allen Interiors Trading Down 1.6 %

ETD stock traded down $0.48 during trading hours on Monday, hitting $29.68. 276,942 shares of the stock were exchanged, compared to its average volume of 227,159. The firm has a market capitalization of $754.76 million, a P/E ratio of 12.21 and a beta of 1.30. The company has a 50-day simple moving average of $29.81 and a two-hundred day simple moving average of $29.70. Ethan Allen Interiors has a 12 month low of $26.53 and a 12 month high of $35.62.

Ethan Allen Interiors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio (DPR) is currently 63.16%.

About Ethan Allen Interiors

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.