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 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 value of $267,000.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $28.67, for a total value of $286,700.00.

Ethan Allen Interiors Trading Up 0.3 %

Shares of Ethan Allen Interiors stock opened at $27.01 on Tuesday. The business’s fifty day simple moving average is $28.68 and its 200 day simple moving average is $29.46. Ethan Allen Interiors Inc. has a 12 month low of $26.13 and a 12 month high of $35.62. The firm has a market capitalization of $686.92 million, a P/E ratio of 11.35 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD) last released 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%. Analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal 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 given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio is currently 65.55%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 price target on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus reiterated a “hold” rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Institutional Trading of Ethan Allen Interiors

Large investors have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Ethan Allen Interiors in the third quarter worth $862,000. FMR LLC grew its position in shares of Ethan Allen Interiors by 421.3% in the third quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after purchasing an additional 15,309 shares in the last quarter. Barclays PLC grew its position in shares of Ethan Allen Interiors by 113.8% in the third quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after purchasing an additional 30,437 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ethan Allen Interiors in the third quarter valued at $1,132,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Ethan Allen Interiors by 6.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock valued at $2,131,000 after purchasing an additional 4,267 shares in the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

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.