Insider Selling: Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells 10,000 Shares of Stock

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) CEO M Farooq Kathwari sold 10,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total value of $292,700.00. Following the transaction, the chief executive officer now owns 1,641,905 shares of the company's stock, valued at approximately $48,058,559.35. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 Trading Down 1.5 %

Shares of NYSE ETD traded down $0.44 during mid-day trading on Friday, hitting $28.49. The company had a trading volume of 290,420 shares, compared to its average volume of 262,939. Ethan Allen Interiors Inc. has a one year low of $26.53 and a one year high of $35.62. The company has a market capitalization of $724.48 million, a PE ratio of 11.97 and a beta of 1.31. The firm has a 50-day simple moving average of $28.91 and a two-hundred day simple moving average of $29.81.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) 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%. Sell-side analysts expect that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Tuesday, February 11th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $1.56 annualized dividend and a yield of 5.48%. Ethan Allen Interiors's dividend payout ratio (DPR) is currently 65.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Telsey Advisory Group restated a "market perform" rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, January 30th. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a report on Monday, January 13th.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Ethan Allen Interiors in the 3rd quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ethan Allen Interiors during the third quarter worth approximately $50,000. State of Wyoming acquired a new stake in Ethan Allen Interiors during the fourth quarter worth approximately $52,000. Hillsdale Investment Management Inc. lifted its position in Ethan Allen Interiors by 213.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 1,880 shares of the company's stock worth $53,000 after acquiring an additional 1,280 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in Ethan Allen Interiors during the third quarter worth approximately $92,000. 83.80% of the stock is currently owned by institutional investors and hedge funds.

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.