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 Ethan Allen Interiors stock in a transaction on Monday, March 17th. The shares were sold at an average price of $26.70, for a total value of $267,000.00. Following the completion of the transaction, the chief executive officer now owns 1,631,905 shares of the company’s stock, valued at approximately $43,571,863.50. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 stock was 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 stock was sold at an average price of $28.67, for a total value of $286,700.00.

Ethan Allen Interiors Stock Up 0.3 %

Shares of ETD stock opened at $27.01 on Tuesday. The business has a 50-day moving average price of $28.68 and a two-hundred day moving average price of $29.46. Ethan Allen Interiors Inc. has a 12-month low of $26.13 and a 12-month high of $35.62. The firm has a market cap of $686.92 million, a P/E ratio of 11.35 and a beta of 1.27.

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 the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. As a group, research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

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

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Ethan Allen Interiors during the third quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ethan Allen Interiors during the third quarter worth about $50,000. State of Wyoming bought a new stake in shares of Ethan Allen Interiors in the 4th quarter valued at about $52,000. Hillsdale Investment Management Inc. lifted its stake in shares of Ethan Allen Interiors by 213.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company’s stock valued at $53,000 after acquiring an additional 1,280 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Ethan Allen Interiors in the 4th quarter valued at about $112,000. Institutional investors own 83.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th. Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research 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.