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 that occurred on Wednesday, July 17th. The stock was sold at an average price of $31.05, for a total transaction of $310,500.00. Following the transaction, the chief executive officer now owns 1,715,193 shares in the company, valued at $53,256,742.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ethan Allen Interiors Price Performance

NYSE:ETD opened at $29.59 on Monday. The firm’s fifty day moving average price is $28.28 and its 200 day moving average price is $30.22. Ethan Allen Interiors Inc. has a 1-year low of $25.33 and a 1-year high of $36.19. The firm has a market cap of $751.94 million, a price-to-earnings ratio of 10.76 and a beta of 1.28.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.93%. The firm had revenue of $146.42 million during the quarter, compared to analysts’ expectations of $168.15 million. During the same quarter last year, the business earned $0.86 earnings per share. The business’s quarterly revenue was down 21.4% on a year-over-year basis. As a group, analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ethan Allen Interiors

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Ethan Allen Interiors by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock worth $56,720,000 after purchasing an additional 25,472 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Ethan Allen Interiors by 56.6% during the 4th quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock worth $24,896,000 after purchasing an additional 281,900 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ethan Allen Interiors by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 731,077 shares of the company’s stock worth $23,336,000 after purchasing an additional 5,108 shares in the last quarter. UBS Group AG boosted its position in shares of Ethan Allen Interiors by 56.8% during the 4th quarter. UBS Group AG now owns 444,933 shares of the company’s stock worth $14,202,000 after purchasing an additional 161,158 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Ethan Allen Interiors by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 375,968 shares of the company’s stock worth $11,241,000 after purchasing an additional 36,579 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Thursday, April 25th.

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.