Ethan Allen Interiors (NYSE:ETD) CEO M Farooq Kathwari Sells 2,168 Shares

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 2,168 shares of the business’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the sale, the chief executive officer owned 1,483,228 shares in the company, valued at approximately $37,095,532.28. The trade was a 0.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, January 22nd, M Farooq Kathwari sold 102 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $25.01, for a total transaction of $2,551.02.

Ethan Allen Interiors Price Performance

ETD stock opened at $24.20 on Friday. Ethan Allen Interiors Inc. has a 52-week low of $21.67 and a 52-week high of $32.61. The company’s 50 day simple moving average is $23.70 and its 200-day simple moving average is $26.74. The firm has a market capitalization of $615.76 million, a P/E ratio of 13.08 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Ethan Allen Interiors had a return on equity of 10.08% and a net margin of 7.79%.The firm had revenue of $146.98 million during the quarter, compared to analyst estimates of $149.15 million. During the same period in the prior year, the business posted $0.58 EPS. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Sell-side analysts predict that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Wednesday, November 12th were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.4%. Ethan Allen Interiors’s payout ratio is currently 84.32%.

Analyst Upgrades and Downgrades

ETD has been the subject of several research analyst reports. Weiss Ratings downgraded Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 target price on shares of Ethan Allen Interiors in a report on Thursday. Finally, Zacks Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $28.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Ethan Allen Interiors by 1.5% during the 1st quarter. AQR Capital Management LLC now owns 114,494 shares of the company’s stock valued at $3,171,000 after buying an additional 1,655 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ethan Allen Interiors by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock valued at $375,000 after acquiring an additional 538 shares in the last quarter. Jane Street Group LLC lifted its stake in Ethan Allen Interiors by 31.2% in the first quarter. Jane Street Group LLC now owns 371,979 shares of the company’s stock valued at $10,304,000 after acquiring an additional 88,383 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Ethan Allen Interiors by 1,697.0% in the second quarter. Public Employees Retirement System of Ohio now owns 15,598 shares of the company’s stock worth $434,000 after acquiring an additional 14,730 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Ethan Allen Interiors by 1.1% during the 2nd quarter. North Star Investment Management Corp. now owns 181,050 shares of the company’s stock worth $5,042,000 after purchasing an additional 2,000 shares during the last quarter. 83.80% of the stock is owned by institutional investors and hedge funds.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.