Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $308,700.00 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $30.87, for a total transaction of $308,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,698,905 shares in the company, valued at approximately $52,445,197.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, September 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $31.74, for a total value of $317,400.00.
• On Monday, August 19th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $30.36, for a total value of $303,600.00.

Ethan Allen Interiors Stock Up 0.3 %

NYSE ETD opened at $31.14 on Monday. The stock’s 50-day simple moving average is $30.80 and its two-hundred day simple moving average is $29.89. Ethan Allen Interiors Inc. has a twelve month low of $25.33 and a twelve month high of $35.62. The company has a market capitalization of $791.33 million, a price-to-earnings ratio of 11.32 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. The company had revenue of $168.63 million for the quarter, compared to analysts’ expectations of $159.65 million. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. Ethan Allen Interiors’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. On average, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.01%. Ethan Allen Interiors’s dividend payout ratio (DPR) is 56.73%.

Hedge Funds Weigh In On Ethan Allen Interiors

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in Ethan Allen Interiors during the second quarter valued at about $26,000. Innealta Capital LLC purchased a new position in Ethan Allen Interiors in the 2nd quarter worth approximately $29,000. nVerses Capital LLC bought a new stake in Ethan Allen Interiors in the third quarter valued at approximately $92,000. Meeder Asset Management Inc. boosted its stake in shares of Ethan Allen Interiors by 2,366.0% during the first quarter. Meeder Asset Management Inc. now owns 5,080 shares of the company’s stock valued at $176,000 after purchasing an additional 4,874 shares during the period. Finally, Cim LLC grew its holdings in shares of Ethan Allen Interiors by 11.9% in the second quarter. Cim LLC now owns 6,978 shares of the company’s stock worth $210,000 after purchasing an additional 741 shares during the last quarter. Institutional investors own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.