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

Ethan Allen Interiors Inc. (NYSE:ETD) was the target of a significant drop in short interest in 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. Currently, 10.2% of the shares of the stock are sold short. Based on an average daily volume of 204,400 shares, the days-to-cover ratio is currently 11.4 days.

Ethan Allen Interiors Stock Up 0.4 %

ETD opened at $31.05 on Thursday. The business’s fifty day simple moving average is $32.43 and its 200 day simple moving average is $30.24. Ethan Allen Interiors has a 52 week low of $24.76 and a 52 week high of $36.19. The stock has a market cap of $788.67 million, a PE ratio of 9.95 and a beta of 1.22.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data 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). The firm had revenue of $167.28 million during the quarter, compared to analysts’ expectations of $179.20 million. Ethan Allen Interiors had a return on equity of 17.19% and a net margin of 11.37%. Ethan Allen Interiors’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. As a group, equities analysts anticipate that Ethan Allen Interiors will post 2.7 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Tuesday, February 6th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 4.64%. 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 reiterated a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, January 25th.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. purchased a new position in Ethan Allen Interiors in the 1st quarter worth $349,000. JPMorgan Chase & Co. bought a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at about $3,517,000. Raymond James & Associates purchased a new stake in Ethan Allen Interiors during the 1st quarter valued at about $1,106,000. Bank of New York Mellon Corp bought a new position in Ethan Allen Interiors during the 1st quarter worth approximately $11,645,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Ethan Allen Interiors during the 1st quarter worth approximately $655,000. 83.80% of the stock is currently owned by institutional investors.

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.