M Farooq Kathwari Sells 10,000 Shares of Ethan Allen Interiors Inc. (NYSE:ETD) 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 Friday, January 17th. The stock was sold at an average price of $28.67, for a total transaction of $286,700.00. Following the sale, the chief executive officer now owns 1,651,905 shares of the company's stock, valued at $47,360,116.35. This trade represents a 0.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, November 18th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $28.77, for a total value of $287,700.00.

Ethan Allen Interiors Stock Performance

NYSE:ETD traded down $0.11 during mid-day trading on Friday, reaching $28.64. The stock had a trading volume of 136,851 shares, compared to its average volume of 201,468. The business has a 50 day simple moving average of $29.17 and a 200 day simple moving average of $29.76. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The firm has a market capitalization of $728.37 million, a price-to-earnings ratio of 11.60 and a beta of 1.31.

Ethan Allen Interiors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date was Tuesday, November 12th. Ethan Allen Interiors's dividend payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Argus restated a "hold" rating on shares of Ethan Allen Interiors in a research note on Monday. Telsey Advisory Group reissued a "market perform" rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, October 31st.

Institutional Investors Weigh In On Ethan Allen Interiors

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at about $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ethan Allen Interiors during the third quarter worth about $50,000. nVerses Capital LLC purchased a new position in Ethan Allen Interiors in the third quarter valued at about $92,000. Cim LLC lifted its position in shares of Ethan Allen Interiors by 11.9% during the 2nd quarter. Cim LLC now owns 6,978 shares of the company's stock valued at $210,000 after acquiring an additional 741 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.