Ethan Allen Interiors Inc. (NYSE:ETD) Short Interest Update

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

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research report on Thursday, October 31st.

Ethan Allen Interiors Trading Up 0.8 %

Ethan Allen Interiors stock traded up $0.25 during trading hours on Tuesday, reaching $29.93. 85,172 shares of the stock were exchanged, compared to its average volume of 226,563. The company has a market cap of $761.12 million, a P/E ratio of 12.02 and a beta of 1.30. Ethan Allen Interiors has a twelve month low of $26.53 and a twelve month high of $35.62. The stock has a 50 day moving average of $29.79 and a two-hundred day moving average of $29.71.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.39 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a yield of 5.21%. Ethan Allen Interiors’s payout ratio is 63.16%.

Insider Buying and Selling

In related news, CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the transaction, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at approximately $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.48% of the stock is owned by insiders.

Institutional Investors Weigh In On Ethan Allen Interiors

Large investors have recently bought and sold shares of the company. Miller Howard Investments Inc. NY boosted its stake in shares of Ethan Allen Interiors by 2.2% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company’s stock valued at $489,000 after purchasing an additional 371 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Ethan Allen Interiors by 1.4% in the 3rd quarter. Unison Advisors LLC now owns 29,677 shares of the company’s stock valued at $946,000 after purchasing an additional 421 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Ethan Allen Interiors by 2.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock valued at $718,000 after purchasing an additional 537 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ethan Allen Interiors by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock valued at $244,000 after purchasing an additional 543 shares in the last quarter. Finally, Cim LLC boosted its stake in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after purchasing an additional 741 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

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.