Insider Selling: Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells 10,000 Shares of Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at approximately $48,100,706.85. This represents a 0.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, October 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $30.87, for a total value of $308,700.00.
• 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 transaction of $317,400.00.

Ethan Allen Interiors Trading Up 0.9 %

NYSE ETD opened at $29.14 on Wednesday. Ethan Allen Interiors Inc. has a 12 month low of $26.53 and a 12 month high of $35.62. The stock has a market cap of $741.03 million, a PE ratio of 11.80 and a beta of 1.27. The stock’s 50 day moving average is $30.11 and its 200 day moving average is $29.56.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.35%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, October 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. bought a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new stake in Ethan Allen Interiors during the second quarter worth approximately $29,000. Quarry LP purchased a new stake in Ethan Allen Interiors during the third quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $50,000. Finally, nVerses Capital LLC purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter worth approximately $92,000. 83.80% of the stock is currently owned by institutional investors.

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.