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

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $29.27, for a total value of $292,700.00. Following the completion of the transaction, the chief executive officer now owns 1,641,905 shares of the company’s stock, valued at $48,058,559.35. The trade was a 0.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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 Performance

Ethan Allen Interiors stock opened at $29.32 on Wednesday. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The stock has a market capitalization of $745.48 million, a P/E ratio of 12.32 and a beta of 1.31. The stock has a 50-day simple moving average of $28.98 and a 200 day simple moving average of $29.83.

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

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, February 11th. This represents a $1.56 annualized dividend and a yield of 5.32%. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 65.55%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds 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 stake in Ethan Allen Interiors during the third quarter worth approximately $50,000. State of Wyoming acquired a new stake in Ethan Allen Interiors during the fourth quarter worth approximately $52,000. Hillsdale Investment Management Inc. lifted its position in 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 acquiring an additional 1,280 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Ethan Allen Interiors during the third quarter worth approximately $92,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

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.