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

Ethan Allen Interiors Inc. (NYSE:ETD) 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. Based on an average daily volume of 302,500 shares, the days-to-cover ratio is presently 8.7 days. Currently, 11.2% of the shares of the company are sold short.

Ethan Allen Interiors Price Performance

Shares of Ethan Allen Interiors stock opened at $29.14 on Wednesday. The firm has a market cap of $741.03 million, a P/E ratio of 11.80 and a beta of 1.27. The firm has a 50 day simple moving average of $30.11 and a 200 day simple moving average of $29.56. Ethan Allen Interiors has a fifty-two week low of $26.53 and a fifty-two week high of $35.62.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

Analysts Set New Price Targets

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

Insider Activity

In related news, CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $30.87, for a total value of $308,700.00. Following the completion of the sale, the chief executive officer now owns 1,698,905 shares in the company, valued at approximately $52,445,197.35. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 30,000 shares of company stock valued at $913,800. 10.48% of the stock is owned by insiders.

Institutional Trading of Ethan Allen Interiors

A number of institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its position in Ethan Allen Interiors by 21.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,842 shares of the company’s stock valued at $1,135,000 after acquiring an additional 5,870 shares in the last quarter. Vanguard Group Inc. lifted its position in Ethan Allen Interiors by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock worth $56,720,000 after buying an additional 25,472 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in Ethan Allen Interiors by 8.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 30,638 shares of the company’s stock worth $1,059,000 after buying an additional 2,352 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Ethan Allen Interiors by 5.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,687 shares of the company’s stock worth $612,000 after buying an additional 975 shares in the last quarter. Finally, Comerica Bank lifted its position in Ethan Allen Interiors by 49.3% during the 1st quarter. Comerica Bank now owns 16,636 shares of the company’s stock worth $575,000 after buying an additional 5,497 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

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.