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

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

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the sale, the chief executive officer now directly owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 30,000 shares of company stock valued at $822,800. Insiders own 10.48% of the company's stock.

Institutional Trading of Ethan Allen Interiors

Several large investors have recently bought and sold shares of ETD. Barclays PLC grew its stake in shares of Ethan Allen Interiors by 113.8% in the 3rd quarter. Barclays PLC now owns 57,174 shares of the company's stock valued at $1,824,000 after buying an additional 30,437 shares during the period. Geode Capital Management LLC boosted its position in shares of Ethan Allen Interiors by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 538,595 shares of the company's stock worth $17,179,000 after purchasing an additional 3,310 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Ethan Allen Interiors by 11.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,489 shares of the company's stock worth $434,000 after purchasing an additional 1,525 shares during the period. JPMorgan Chase & Co. lifted its holdings in Ethan Allen Interiors by 4.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,238 shares of the company's stock worth $1,698,000 after buying an additional 2,267 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Ethan Allen Interiors by 6.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company's stock worth $2,131,000 after buying an additional 4,267 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on ETD shares. Telsey Advisory Group reissued 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. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Ethan Allen Interiors Price Performance

NYSE:ETD traded up $0.84 during midday trading on Wednesday, hitting $28.10. The company's stock had a trading volume of 9,896 shares, compared to its average volume of 251,433. Ethan Allen Interiors has a fifty-two week low of $24.55 and a fifty-two week high of $35.62. The firm's 50 day moving average is $27.47 and its 200-day moving average is $28.70. The firm has a market cap of $714.58 million, a P/E ratio of 11.81 and a beta of 1.18.

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

Ethan Allen Interiors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.55%. Ethan Allen Interiors's dividend payout ratio (DPR) is 65.55%.

About Ethan Allen Interiors

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.