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 company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now directly owns 1,641,905 shares in the company, valued at approximately $48,058,559.35. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $28.67, for a total value of $286,700.00.

Ethan Allen Interiors Stock Down 0.7 %

ETD stock opened at $29.32 on Wednesday. The company has a market cap of $745.48 million, a P/E ratio of 12.32 and a beta of 1.31. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The business’s fifty day moving average is $28.98 and its 200-day moving average is $29.83.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing the consensus estimate 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 anticipate that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ETD. Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Hedge Funds Weigh In On Ethan Allen Interiors

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in Ethan Allen Interiors during the 3rd quarter worth about $862,000. FMR LLC increased its holdings in Ethan Allen Interiors by 421.3% during the 3rd quarter. FMR LLC now owns 18,943 shares of the company’s stock worth $604,000 after purchasing an additional 15,309 shares in the last quarter. Barclays PLC increased its holdings in Ethan Allen Interiors by 113.8% during the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock worth $1,824,000 after purchasing an additional 30,437 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ethan Allen Interiors during the 3rd quarter worth about $1,132,000. Finally, Assenagon Asset Management S.A. increased its holdings in Ethan Allen Interiors by 6.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock worth $2,131,000 after purchasing an additional 4,267 shares in the last quarter. 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.