Ethan Allen Interiors Inc. (NYSE:ETD) Short Interest Down 5.1% in October

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 2,630,000 shares, a drop of 5.1% from the October 15th total of 2,770,000 shares. Currently, 11.2% of the shares of the company are short sold. Based on an average daily volume of 302,500 shares, the days-to-cover ratio is currently 8.7 days.

Ethan Allen Interiors Stock Down 0.5 %

Shares of NYSE ETD traded down $0.13 during trading hours on Monday, hitting $28.75. 87,341 shares of the stock were exchanged, compared to its average volume of 232,945. The company has a market cap of $731.11 million, a PE ratio of 11.60 and a beta of 1.27. The firm has a fifty day moving average price of $30.11 and a 200-day moving average price of $29.56. Ethan Allen Interiors has a 12 month low of $26.53 and a 12 month high of $35.62.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 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 that occurred on Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total value of $317,400.00. Following the sale, the chief executive officer now owns 1,708,905 shares in the company, valued at approximately $54,240,644.70. This trade represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Ethan Allen Interiors

Several large investors have recently made changes to their positions in ETD. Hantz Financial Services Inc. purchased a new stake in Ethan Allen Interiors during the second quarter worth $26,000. Innealta Capital LLC purchased a new stake in Ethan Allen Interiors during the second quarter worth $29,000. Quarry LP purchased a new stake in Ethan Allen Interiors during the third quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ethan Allen Interiors during the third quarter valued at $50,000. Finally, nVerses Capital LLC purchased a new position in Ethan Allen Interiors during the third quarter valued at $92,000. 83.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.