Short Interest in Ethan Allen Interiors Inc. (NYSE:ETD) Decreases By 6.4%

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,330,000 shares, a drop of 6.4% from the March 15th total of 2,490,000 shares. Currently, 10.2% of the shares of the company are short sold. Based on an average trading volume of 204,400 shares, the short-interest ratio is presently 11.4 days.

Ethan Allen Interiors Stock Performance

Shares of Ethan Allen Interiors stock traded down $0.18 on Tuesday, hitting $30.92. 119,441 shares of the company traded hands, compared to its average volume of 198,106. The stock has a market capitalization of $785.37 million, a P/E ratio of 9.91 and a beta of 1.22. Ethan Allen Interiors has a 52 week low of $24.76 and a 52 week high of $36.19. The business has a 50-day simple moving average of $32.40 and a 200 day simple moving average of $30.23.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.09). Ethan Allen Interiors had a net margin of 11.37% and a return on equity of 17.19%. The company had revenue of $167.28 million for the quarter, compared to the consensus estimate of $179.20 million. During the same quarter in the previous year, the business earned $1.10 EPS. The company's quarterly revenue was down 17.7% on a year-over-year basis. Research analysts expect that Ethan Allen Interiors will post 2.7 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Tuesday, February 6th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Monday, February 5th. Ethan Allen Interiors's dividend payout ratio is presently 46.15%.

Institutional Investors Weigh In On Ethan Allen Interiors

Large investors have recently bought and sold shares of the business. State of Wyoming bought a new stake in Ethan Allen Interiors in the fourth quarter worth $30,000. Tower Research Capital LLC TRC increased its position in Ethan Allen Interiors by 234.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,212 shares of the company's stock worth $34,000 after purchasing an additional 850 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new stake in Ethan Allen Interiors in the first quarter worth $39,000. AJOVista LLC bought a new stake in Ethan Allen Interiors in the fourth quarter worth $41,000. Finally, PNC Financial Services Group Inc. purchased a new position in Ethan Allen Interiors during the first quarter worth $41,000. Institutional investors own 83.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reiterated a "market perform" rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, January 25th.

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.