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 company’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 transaction, the chief executive officer now directly owns 1,631,905 shares in the company, valued at approximately $43,571,863.50. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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 Down 0.4 %

ETD opened at $26.93 on Wednesday. The stock’s fifty day moving average is $28.66 and its two-hundred day moving average is $29.43. The company has a market capitalization of $684.75 million, a P/E ratio of 11.31 and a beta of 1.27. Ethan Allen Interiors Inc. has a 52 week low of $26.13 and a 52 week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 annualized dividend and a yield of 5.79%. Ethan Allen Interiors’s payout ratio is currently 65.55%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Argus reaffirmed a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. 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.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Royce & Associates LP boosted its position in Ethan Allen Interiors by 87.9% during the 4th quarter. Royce & Associates LP now owns 590,993 shares of the company’s stock valued at $16,613,000 after acquiring an additional 276,534 shares in the last quarter. Jane Street Group LLC boosted its position in Ethan Allen Interiors by 679.5% during the 3rd quarter. Jane Street Group LLC now owns 266,161 shares of the company’s stock valued at $8,488,000 after acquiring an additional 232,015 shares in the last quarter. Hodges Capital Management Inc. boosted its position in Ethan Allen Interiors by 17.9% during the 4th quarter. Hodges Capital Management Inc. now owns 646,084 shares of the company’s stock valued at $18,162,000 after acquiring an additional 98,227 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Ethan Allen Interiors by 177.1% during the 4th quarter. JPMorgan Chase & Co. now owns 147,525 shares of the company’s stock valued at $4,147,000 after acquiring an additional 94,287 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Ethan Allen Interiors by 54.1% during the 4th quarter. Teacher Retirement System of Texas now owns 261,025 shares of the company’s stock valued at $7,337,000 after acquiring an additional 91,602 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other 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.