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 Monday, March 17th. The shares were sold at an average price of $26.70, for a total transaction of $267,000.00. Following the transaction, the chief executive officer now owns 1,631,905 shares in the company, valued at $43,571,863.50. This represents a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 18th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $29.27, for a total value of $292,700.00.
• 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

NYSE ETD opened at $27.44 on Thursday. Ethan Allen Interiors Inc. has a 1 year low of $26.13 and a 1 year high of $35.62. The business’s fifty day moving average is $28.66 and its two-hundred day moving average is $29.41. The stock has a market capitalization of $697.80 million, a P/E ratio of 11.53 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (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%. On average, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 5.69%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s payout ratio is 65.55%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ETD. Sanctuary Advisors LLC boosted its position in Ethan Allen Interiors by 2.4% during the 4th quarter. Sanctuary Advisors LLC now owns 14,831 shares of the company’s stock worth $417,000 after acquiring an additional 342 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ethan Allen Interiors by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company’s stock worth $366,000 after purchasing an additional 448 shares during the period. Gotham Asset Management LLC grew its position in Ethan Allen Interiors by 5.8% during the fourth quarter. Gotham Asset Management LLC now owns 10,237 shares of the company’s stock valued at $288,000 after purchasing an additional 561 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Ethan Allen Interiors by 6.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 10,218 shares of the company’s stock valued at $287,000 after purchasing an additional 650 shares in the last quarter. Finally, Unison Advisors LLC increased its stake in Ethan Allen Interiors by 2.6% in the 4th quarter. Unison Advisors LLC now owns 30,458 shares of the company’s stock valued at $856,000 after buying an additional 781 shares during the period. 83.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETD has been the subject of several research reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

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.