Short Interest in Ethan Allen Interiors Inc. (NYSE:ETD) Decreases By 20.1%

Key Points

• Ethan Allen Interiors Inc. saw a significant decrease in short interest of 20.1% in August, dropping from 925,100 shares to 738,800 shares.
• The company reported earnings of $0.49 per share for the last quarter, exceeding analysts' expectations of $0.45, though revenue was down 4.9% year-over-year.
• Ethan Allen announced a quarterly dividend of $0.39 per share with a yield of 5.3%, reflecting a dividend payout ratio of 77.61%.

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 15th, there was short interest totaling 738,800 shares, a drop of 20.1% from the July 31st total of 925,100 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 255,300 shares, the short-interest ratio is presently 2.9 days. Based on an average daily trading volume, of 255,300 shares, the short-interest ratio is presently 2.9 days. Approximately 3.2% of the shares of the stock are sold short.

Ethan Allen Interiors Price Performance

Ethan Allen Interiors stock traded down $0.38 during midday trading on Friday, reaching $29.20. The stock had a trading volume of 264,341 shares, compared to its average volume of 283,655. The firm's fifty day simple moving average is $29.57 and its two-hundred day simple moving average is $28.05. Ethan Allen Interiors has a twelve month low of $24.55 and a twelve month high of $33.77. The firm has a market cap of $742.63 million, a price-to-earnings ratio of 14.53 and a beta of 1.13.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. Ethan Allen Interiors had a net margin of 8.39% and a return on equity of 10.92%. The firm had revenue of $160.36 million during the quarter, compared to analyst estimates of $152.20 million. During the same quarter last year, the business posted $0.70 EPS. The company's revenue was down 4.9% on a year-over-year basis. As a group, sell-side analysts predict that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Wednesday, August 13th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.3%. Ethan Allen Interiors's dividend payout ratio (DPR) is 77.61%.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a "market perform" rating and set a $30.00 target price on shares of Ethan Allen Interiors in a report on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.00.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of institutional investors have recently modified their holdings of ETD. SG Capital Management LLC acquired a new stake in shares of Ethan Allen Interiors during the 2nd quarter valued at $8,087,000. Gilman Hill Asset Management LLC acquired a new stake in shares of Ethan Allen Interiors in the 2nd quarter valued at $6,202,000. Balyasny Asset Management L.P. acquired a new stake in shares of Ethan Allen Interiors in the 2nd quarter valued at $5,845,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Ethan Allen Interiors in the 1st quarter valued at $3,254,000. Finally, Jane Street Group LLC lifted its stake in shares of Ethan Allen Interiors by 31.2% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 83.80% of the company's stock.

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.