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 Ethan Allen Interiors stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the transaction, the chief executive officer now owns 1,708,905 shares in the company, valued at approximately $54,240,644.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, August 19th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $30.36, for a total transaction of $303,600.00.
• 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 transaction of $310,500.00.

Ethan Allen Interiors Price Performance

NYSE ETD opened at $32.14 on Thursday. The firm has a market capitalization of $816.74 million, a price-to-earnings ratio of 11.69 and a beta of 1.26. The company’s fifty day moving average is $30.43 and its two-hundred day moving average is $30.25. Ethan Allen Interiors Inc. has a 52-week low of $25.33 and a 52-week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.13. The company had revenue of $168.63 million for the quarter, compared to analyst estimates of $159.65 million. Ethan Allen Interiors had a net margin of 9.88% and a return on equity of 13.45%. The business’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period last year, the business posted $0.96 EPS. As a group, sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.4 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Tuesday, August 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.56 dividend on an annualized basis and a yield of 4.85%. Ethan Allen Interiors’s payout ratio is currently 56.73%.

Analyst Ratings Changes

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

Institutional Trading of Ethan Allen Interiors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP lifted its position in shares of Ethan Allen Interiors by 56.6% during the fourth quarter. First Trust Advisors LP now owns 779,958 shares of the company’s stock worth $24,896,000 after purchasing an additional 281,900 shares in the last quarter. UBS Group AG lifted its holdings 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 buying an additional 161,158 shares during the period. Heartland Advisors Inc. acquired a new stake in Ethan Allen Interiors in the first quarter worth $5,490,000. Millennium Management LLC raised its holdings in Ethan Allen Interiors by 2,127.1% in the second 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 second quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock worth $15,187,000 after acquiring an additional 77,565 shares in the last quarter. 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.