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 Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total transaction of $317,400.00. Following the transaction, the chief executive officer now owns 1,708,905 shares in the company, valued at approximately $54,240,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was sold at an average price of $30.36, for a total transaction 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 transaction of $310,500.00.

Ethan Allen Interiors Stock Performance

Ethan Allen Interiors stock opened at $32.14 on Thursday. The company has a 50 day moving average price of $30.43 and a 200 day moving average price of $30.25. Ethan Allen Interiors Inc. has a 52 week low of $25.33 and a 52 week high of $35.62. The firm has a market capitalization of $816.74 million, a price-to-earnings ratio of 11.69 and a beta of 1.26.

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

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were given a $0.39 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 4.85%. Ethan Allen Interiors’s payout ratio is 56.73%.

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 report on Wednesday, July 24th.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. bought a new position in shares of Ethan Allen Interiors during the 2nd quarter valued at $26,000. Innealta Capital LLC bought a new position in shares of Ethan Allen Interiors during the 2nd quarter valued at $29,000. Meeder Asset Management Inc. raised its holdings in shares of Ethan Allen Interiors by 2,366.0% during the 1st 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 in the last quarter. Cim LLC bought a new position in shares of Ethan Allen Interiors during the 1st quarter valued at $216,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Ethan Allen Interiors by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock valued at $244,000 after purchasing an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

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.