Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $303,600.00 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $30.36, for a total value of $303,600.00. Following the sale, the chief executive officer now owns 1,712,319 shares of the company’s stock, valued at approximately $51,986,004.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $310,500.00.

Ethan Allen Interiors Trading Up 0.8 %

NYSE ETD opened at $30.64 on Tuesday. Ethan Allen Interiors Inc. has a twelve month low of $25.33 and a twelve month high of $35.62. The stock has a market capitalization of $778.62 million, a price-to-earnings ratio of 11.14 and a beta of 1.28. The stock has a 50-day moving average of $28.93 and a 200 day moving average of $30.32.

Ethan Allen Interiors (NYSE:ETD) last announced its earnings results on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. Ethan Allen Interiors had a return on equity of 13.45% and a net margin of 9.88%. The business had revenue of $168.63 million during the quarter, compared to analysts’ expectations of $159.65 million. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business’s revenue was down 10.0% compared to the same quarter last year. Equities analysts predict that Ethan Allen Interiors Inc. will post 2.35 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend is Tuesday, August 13th. Ethan Allen Interiors’s dividend payout ratio (DPR) is presently 56.73%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research report on Wednesday, July 24th.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds have recently modified their holdings of the company. First Trust Advisors LP raised its position in shares of Ethan Allen Interiors by 56.6% during the 4th quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock valued at $24,896,000 after buying an additional 281,900 shares during the period. UBS Group AG raised its position in Ethan Allen Interiors by 56.8% in the fourth quarter. UBS Group AG now owns 444,933 shares of the company’s stock valued at $14,202,000 after purchasing an additional 161,158 shares during the period. Heartland Advisors Inc. acquired a new position in shares of Ethan Allen Interiors in the 1st quarter valued at $5,490,000. Millennium Management LLC grew its holdings in shares of Ethan Allen Interiors by 2,127.1% during the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after purchasing an additional 150,409 shares during the period. Finally, Hodges Capital Management Inc. increased its position in shares of Ethan Allen Interiors by 16.6% during the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock worth $15,187,000 after purchasing an additional 77,565 shares during the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

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.