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 the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 Stock Down 0.3 %

ETD stock opened at $29.20 on Thursday. The firm has a market capitalization of $742.56 million, a PE ratio of 12.27 and a beta of 1.31. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The stock has a 50-day simple moving average of $28.93 and a two-hundred day simple moving average of $29.82.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. On average, equities research analysts anticipate that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is currently 65.55%.

Institutional Trading of Ethan Allen Interiors

Several institutional investors have recently added to or reduced their stakes in the business. PharVision Advisers LLC bought a new position in Ethan Allen Interiors during the 4th quarter valued at approximately $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ethan Allen Interiors by 6.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,241 shares of the company’s stock worth $1,103,000 after acquiring an additional 2,389 shares in the last quarter. Vident Advisory LLC grew its holdings in Ethan Allen Interiors by 7.6% in the fourth quarter. Vident Advisory LLC now owns 17,267 shares of the company’s stock worth $485,000 after purchasing an additional 1,215 shares during the period. Two Sigma Advisers LP increased its stake in shares of Ethan Allen Interiors by 7.4% during the fourth quarter. Two Sigma Advisers LP now owns 122,900 shares of the company’s stock valued at $3,455,000 after purchasing an additional 8,500 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Ethan Allen Interiors during the fourth quarter valued at approximately $52,000. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ETD. Argus reissued 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 objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th.

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.