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

Ethan Allen Interiors Inc. (NYSE:ETD) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 1,352,647 shares, a growth of 31.0% from the December 15th total of 1,032,171 shares. Based on an average trading volume of 295,400 shares, the days-to-cover ratio is presently 4.6 days. Approximately 5.9% of the company’s shares are short sold. Approximately 5.9% of the company’s shares are short sold. Based on an average trading volume of 295,400 shares, the days-to-cover ratio is presently 4.6 days.

Ethan Allen Interiors Stock Down 0.7%

Shares of ETD traded down $0.18 during midday trading on Friday, reaching $24.66. 244,895 shares of the stock were exchanged, compared to its average volume of 270,693. The stock’s 50 day simple moving average is $23.55 and its 200 day simple moving average is $26.91. The company has a market cap of $627.47 million, a P/E ratio of 13.33 and a beta of 1.16. Ethan Allen Interiors has a twelve month low of $21.67 and a twelve month high of $32.61.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $146.98 million for the quarter, compared to the consensus estimate of $149.15 million. Ethan Allen Interiors had a return on equity of 10.08% and a net margin of 7.79%.Ethan Allen Interiors’s revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. As a group, analysts predict that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Wednesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 84.32%.

Hedge Funds Weigh In On Ethan Allen Interiors

A number of hedge funds have recently modified their holdings of ETD. SG Capital Management LLC bought a new position in shares of Ethan Allen Interiors in the 2nd quarter worth about $8,087,000. Balyasny Asset Management L.P. acquired a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth about $5,845,000. JPMorgan Chase & Co. boosted its position in shares of Ethan Allen Interiors by 260.1% during the third quarter. JPMorgan Chase & Co. now owns 191,688 shares of the company’s stock valued at $5,647,000 after buying an additional 138,452 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ethan Allen Interiors by 42.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 391,769 shares of the company’s stock valued at $11,542,000 after purchasing an additional 117,047 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Ethan Allen Interiors by 31.2% during the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock valued at $10,304,000 after purchasing an additional 88,383 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ETD. Telsey Advisory Group dropped their target price on Ethan Allen Interiors from $30.00 to $28.00 and set a “market perform” rating on the stock in a research report on Thursday, October 30th. Zacks Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Weiss Ratings cut shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $28.00.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.