Ethan Allen Interiors Inc. (NYSE:ETH) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,868,300 shares, a growth of 6.3% from the July 31st total of 2,697,700 shares. Based on an average daily trading volume, of 273,800 shares, the days-to-cover ratio is presently 10.5 days. Approximately 11.9% of the shares of the company are short sold.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC acquired a new position in Ethan Allen Interiors during the second quarter worth about $476,000. Victory Capital Management Inc. grew its holdings in Ethan Allen Interiors by 1.5% during the first quarter. Victory Capital Management Inc. now owns 60,159 shares of the company’s stock worth $1,151,000 after acquiring an additional 886 shares during the period. Aperio Group LLC grew its holdings in Ethan Allen Interiors by 147.9% during the second quarter. Aperio Group LLC now owns 56,857 shares of the company’s stock worth $1,197,000 after acquiring an additional 33,919 shares during the period. Teton Advisors Inc. grew its holdings in Ethan Allen Interiors by 8.1% during the second quarter. Teton Advisors Inc. now owns 156,460 shares of the company’s stock worth $3,295,000 after acquiring an additional 11,672 shares during the period. Finally, Comerica Bank grew its holdings in Ethan Allen Interiors by 2.5% during the first quarter. Comerica Bank now owns 24,475 shares of the company’s stock worth $486,000 after acquiring an additional 598 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. ValuEngine cut Ethan Allen Interiors from a “hold” rating to a “sell” rating in a research note on Tuesday, June 18th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.82.

Shares of NYSE ETH traded up $0.20 during midday trading on Monday, reaching $19.55. 16,575 shares of the company traded hands, compared to its average volume of 207,994. Ethan Allen Interiors has a 52 week low of $16.63 and a 52 week high of $23.11. The stock has a 50-day moving average price of $18.20 and a 200 day moving average price of $19.99. The company has a market cap of $510.20 million, a price-to-earnings ratio of 12.56 and a beta of 0.99.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). Ethan Allen Interiors had a net margin of 3.44% and a return on equity of 11.13%. The company had revenue of $183.90 million for the quarter, compared to the consensus estimate of $200.20 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Ethan Allen Interiors’s revenue for the quarter was down 10.6% compared to the same quarter last year. As a group, equities analysts anticipate that Ethan Allen Interiors will post 1.59 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, October 10th will be paid a dividend of $0.21 per share. This is a boost from Ethan Allen Interiors’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Wednesday, October 9th. Ethan Allen Interiors’s payout ratio is currently 48.72%.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through 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 items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other 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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