Ethan Allen Interiors Inc. (NYSE:ETD) Short Interest Down 19.3% in March

by · The Cerbat Gem

Ethan Allen Interiors Inc. (NYSE:ETD – Get Free Report) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 2,390,000 shares, a decline of 19.3% from the March 15th total of 2,960,000 shares. Approximately 10.4% of the company’s stock are sold short. Based on an average trading volume of 289,900 shares, the short-interest ratio is currently 8.2 days.

Insider Transactions at Ethan Allen Interiors

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $26.31, for a total value of $263,100.00. Following the completion of the sale, the chief executive officer now directly owns 1,621,905 shares of the company’s stock, valued at approximately $42,672,320.55. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $822,800 over the last three months. Corporate insiders own 10.48% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ETD. State of Wyoming bought a new position in Ethan Allen Interiors in the 4th quarter valued at $52,000. Hillsdale Investment Management Inc. grew its position in Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock worth $53,000 after buying an additional 1,280 shares in the last quarter. Quarry LP raised its holdings in shares of Ethan Allen Interiors by 73.3% in the 4th quarter. Quarry LP now owns 2,604 shares of the company’s stock valued at $73,000 after acquiring an additional 1,101 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Ethan Allen Interiors during the 4th quarter valued at about $112,000. Finally, Prosperity Consulting Group LLC increased its position in shares of Ethan Allen Interiors by 35.1% in the fourth quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company’s stock worth $264,000 after purchasing an additional 2,440 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Ethan Allen Interiors Stock Up 2.1 %

Ethan Allen Interiors stock traded up $0.54 during trading on Friday, hitting $26.47. The stock had a trading volume of 187,936 shares, compared to its average volume of 252,082. The stock’s 50 day moving average is $27.57 and its two-hundred day moving average is $28.76. Ethan Allen Interiors has a 1 year low of $24.55 and a 1 year high of $35.62. The stock has a market cap of $673.06 million, a price-to-earnings ratio of 11.12 and a beta of 1.18.

Ethan Allen Interiors (NYSE:ETD – Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. As a group, equities research analysts anticipate that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors’s payout ratio is currently 65.55%.

Analyst Ratings Changes

ETD has been the topic of several research analyst reports. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group restated a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, January 30th.

Check Out Our Latest Stock Report on Ethan Allen Interiors

About Ethan Allen Interiors

(Get Free Report)

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.

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