Ethan Allen Interiors Inc. (NYSE:ETD) Short Interest Update

Ethan Allen Interiors Inc. (NYSE:ETD) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,630,000 shares, a decrease of 5.1% from the October 15th total of 2,770,000 shares. Based on an average daily trading volume, of 302,500 shares, the short-interest ratio is presently 8.7 days. Approximately 11.2% of the shares of the stock are short sold.

Insider Transactions at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the sale, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. The trade was a 0.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders sold 30,000 shares of company stock valued at $913,800. Corporate insiders own 10.48% of the company’s stock.

Institutional Trading of Ethan Allen Interiors

Large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. bought a new stake in shares of Ethan Allen Interiors during the second quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in Ethan Allen Interiors during the 2nd quarter worth $29,000. Quarry LP bought a new position in Ethan Allen Interiors in the 3rd quarter valued at $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at $50,000. Finally, nVerses Capital LLC bought a new stake in shares of Ethan Allen Interiors during the third quarter worth $92,000. Institutional investors own 83.80% of the company’s stock.

Analyst Ratings Changes

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

Ethan Allen Interiors Trading Up 0.1 %

NYSE:ETD opened at $28.90 on Tuesday. The stock has a market capitalization of $734.80 million, a P/E ratio of 11.60 and a beta of 1.27. Ethan Allen Interiors has a 1 year low of $26.53 and a 1 year high of $35.62. The firm has a 50 day moving average of $30.11 and a 200-day moving average of $29.56.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

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.