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

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) was the recipient of a large decrease in short interest in 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. Currently, 10.4% of the company's stock are sold short. Based on an average daily volume of 289,900 shares, the short-interest ratio is presently 8.2 days.

Insider Transactions at Ethan Allen Interiors

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $26.70, for a total value of $267,000.00. Following the transaction, the chief executive officer now owns 1,631,905 shares in the company, valued at $43,571,863.50. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 30,000 shares of company stock valued at $822,800. Company insiders own 10.48% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in Ethan Allen Interiors during the 4th quarter valued at approximately $52,000. Hillsdale Investment Management Inc. lifted its position in Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock valued at $53,000 after purchasing an additional 1,280 shares during the period. Quarry LP boosted its holdings in Ethan Allen Interiors by 73.3% in the fourth quarter. Quarry LP now owns 2,604 shares of the company's stock valued at $73,000 after purchasing an additional 1,101 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Ethan Allen Interiors in the fourth quarter valued at $112,000. Finally, Prosperity Consulting Group LLC grew its position in Ethan Allen Interiors by 35.1% during the 4th quarter. Prosperity Consulting Group LLC now owns 9,388 shares of the company's stock worth $264,000 after purchasing an additional 2,440 shares during the period. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ETD. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Ethan Allen Interiors Stock Performance

ETD stock traded down $0.04 during trading on Friday, reaching $28.48. The company had a trading volume of 298,080 shares, compared to its average volume of 250,868. The company has a market cap of $724.25 million, a price-to-earnings ratio of 11.97 and a beta of 1.18. Ethan Allen Interiors has a twelve month low of $24.55 and a twelve month high of $35.62. The firm has a 50-day simple moving average of $27.40 and a 200-day simple moving average of $28.66.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. Sell-side analysts expect that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Tuesday, February 11th. Ethan Allen Interiors's dividend payout ratio is presently 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.