M Farooq Kathwari Sells 10,000 Shares of Ethan Allen Interiors Inc. (NYSE:ETD) Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $28.67, for a total value of $286,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,651,905 shares in the company, valued at approximately $47,360,116.35. The trade was a 0.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, November 18th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00.

Ethan Allen Interiors Stock Down 0.4 %

ETD stock opened at $28.64 on Friday. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The stock has a market capitalization of $728.37 million, a price-to-earnings ratio of 11.60 and a beta of 1.31. The firm’s fifty day simple moving average is $29.17 and its two-hundred day simple moving average is $29.78.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ETD shares. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, October 31st. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ETD. GSA Capital Partners LLP purchased a new position in Ethan Allen Interiors during the 3rd quarter valued at $862,000. FMR LLC boosted its stake in shares of Ethan Allen Interiors by 421.3% during the third quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after purchasing an additional 15,309 shares during the period. Barclays PLC grew its holdings in shares of Ethan Allen Interiors by 113.8% in the third quarter. Barclays PLC now owns 57,174 shares of the company’s stock worth $1,824,000 after purchasing an additional 30,437 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Ethan Allen Interiors in the 3rd quarter worth about $660,000. Finally, Geode Capital Management LLC lifted its holdings in Ethan Allen Interiors by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock valued at $17,179,000 after buying an additional 3,310 shares in the last quarter. Institutional investors 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.