Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $267,000.00 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $26.70, for a total transaction of $267,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,631,905 shares of the company’s stock, valued at $43,571,863.50. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

M Farooq Kathwari also recently made the following trade(s):

• On Tuesday, February 18th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $29.27, for a total value of $292,700.00.
• On Friday, January 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $28.67, for a total value of $286,700.00.

Ethan Allen Interiors Trading Up 0.3 %

Shares of NYSE:ETD traded up $0.07 on Monday, reaching $27.01. 454,890 shares of the company were exchanged, compared to its average volume of 231,112. The company has a 50-day moving average of $28.70 and a 200-day moving average of $29.49. The firm has a market cap of $686.92 million, a price-to-earnings ratio of 11.35 and a beta of 1.27. Ethan Allen Interiors Inc. has a 1-year low of $26.13 and a 1-year high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. As a group, analysts forecast that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Tuesday, February 11th were paid a dividend of $0.39 per share. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.78%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 65.55%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ETD. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, January 30th.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of large investors have recently bought and sold shares of ETD. Quarry LP acquired a new stake in Ethan Allen Interiors during the third quarter worth approximately $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ethan Allen Interiors in the 3rd quarter valued at $50,000. State of Wyoming purchased a new position in shares of Ethan Allen Interiors during the 4th quarter worth $52,000. Hillsdale Investment Management Inc. boosted its holdings in shares of Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock worth $53,000 after purchasing an additional 1,280 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Ethan Allen Interiors during the fourth quarter worth $112,000. 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.