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 stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total value of $317,400.00. Following the completion of the sale, the chief executive officer now owns 1,708,905 shares of the company’s stock, valued at approximately $54,240,644.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, August 19th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $30.36, for a total value of $303,600.00.
• On Wednesday, July 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $31.05, for a total value of $310,500.00.

Ethan Allen Interiors Stock Up 0.8 %

Shares of NYSE:ETD opened at $32.41 on Friday. The firm has a fifty day moving average of $30.51 and a two-hundred day moving average of $30.26. Ethan Allen Interiors Inc. has a 12-month low of $25.33 and a 12-month high of $35.62. The firm has a market capitalization of $823.60 million, a P/E ratio of 11.79 and a beta of 1.26.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The firm had revenue of $168.63 million during the quarter, compared to analysts’ expectations of $159.65 million. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. Equities research analysts expect that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 13th were paid a $0.39 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.56 annualized dividend and a dividend yield of 4.81%. Ethan Allen Interiors’s payout ratio is 56.73%.

Hedge Funds Weigh In On Ethan Allen Interiors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ETD. Charles Schwab Investment Management Inc. grew its position in Ethan Allen Interiors by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 731,077 shares of the company’s stock worth $23,336,000 after acquiring an additional 5,108 shares in the last quarter. UBS Group AG lifted its stake in shares of Ethan Allen Interiors by 56.8% in the 4th quarter. UBS Group AG now owns 444,933 shares of the company’s stock valued at $14,202,000 after purchasing an additional 161,158 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of Ethan Allen Interiors by 189.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 28,654 shares of the company’s stock valued at $915,000 after purchasing an additional 18,743 shares during the last quarter. First Trust Advisors LP boosted its holdings in Ethan Allen Interiors by 56.6% in the fourth 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. Finally, Range Financial Group LLC increased its position in Ethan Allen Interiors by 1.1% during the first quarter. Range Financial Group LLC now owns 41,694 shares of the company’s stock worth $1,441,000 after buying an additional 469 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 target price on shares of Ethan Allen Interiors in a report on Wednesday, July 24th.

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.