Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $267,000.00 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 1,631,905 shares of the company's stock, valued at approximately $43,571,863.50. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 stock was 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 transaction of $286,700.00.

Ethan Allen Interiors Trading Up 0.1 %

NYSE ETD traded up $0.02 on Friday, hitting $27.45. 1,015,103 shares of the stock traded hands, compared to its average volume of 235,349. The stock has a 50-day moving average of $28.66 and a 200 day moving average of $29.40. Ethan Allen Interiors Inc. has a twelve month low of $26.13 and a twelve month high of $35.62. The company has a market capitalization of $697.98 million, a P/E ratio of 11.53 and a beta of 1.27.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.76% and a return on equity of 12.62%. As a group, equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

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Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Tuesday, February 11th were issued a $0.39 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a yield of 5.68%. Ethan Allen Interiors's dividend payout ratio is currently 65.55%.

Institutional Trading of Ethan Allen Interiors

Institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of Ethan Allen Interiors in the 3rd quarter worth about $862,000. FMR LLC raised its holdings in shares of Ethan Allen Interiors by 421.3% during the third quarter. FMR LLC now owns 18,943 shares of the company's stock valued at $604,000 after buying an additional 15,309 shares during the last quarter. Barclays PLC raised its holdings in shares of Ethan Allen Interiors by 113.8% during the third quarter. Barclays PLC now owns 57,174 shares of the company's stock valued at $1,824,000 after buying an additional 30,437 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ethan Allen Interiors during the third quarter worth approximately $1,132,000. Finally, Assenagon Asset Management S.A. grew its holdings in Ethan Allen Interiors by 6.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company's stock worth $2,131,000 after buying an additional 4,267 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETD has been the topic of several analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $32.00 price target on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus reissued a "hold" rating on shares of Ethan Allen Interiors in a research report on Monday, January 13th.

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.