Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $268,500.00 in Stock

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, May 19th. The shares were sold at an average price of $26.85, for a total transaction of $268,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,611,905 shares of the company’s stock, valued at $43,279,649.25. The trade was a 0.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, May 19th, M Farooq Kathwari sold 700 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $26.85, for a total transaction of $18,795.00.
• On Thursday, April 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $26.31, for a total transaction of $263,100.00.
• On Monday, March 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $26.70, for a total transaction of $267,000.00.
• 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 transaction of $292,700.00.

Ethan Allen Interiors Trading Down 1.9%

Shares of ETD stock traded down $0.53 during trading hours on Monday, hitting $27.05. 353,236 shares of the company were exchanged, compared to its average volume of 269,437. The business has a 50 day moving average of $27.20 and a two-hundred day moving average of $28.41. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $35.62. The company has a market capitalization of $687.88 million, a PE ratio of 11.37 and a beta of 1.20.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Ethan Allen Interiors had a return on equity of 12.62% and a net margin of 9.76%. The company had revenue of $142.70 million for the quarter, compared to the consensus estimate of $146.85 million. During the same period in the prior year, the company earned $0.48 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. On average, research analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current year.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend is Thursday, May 15th. Ethan Allen Interiors’s dividend payout ratio is 69.33%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ETD. Barclays PLC boosted its holdings in Ethan Allen Interiors by 113.8% during the third quarter. Barclays PLC now owns 57,174 shares of the company’s stock worth $1,824,000 after purchasing an additional 30,437 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ethan Allen Interiors by 4.4% during the third quarter. JPMorgan Chase & Co. now owns 53,238 shares of the company’s stock worth $1,698,000 after purchasing an additional 2,267 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Ethan Allen Interiors by 6.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 75,792 shares of the company’s stock worth $2,131,000 after purchasing an additional 4,267 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Ethan Allen Interiors by 17.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 36,609 shares of the company’s stock worth $1,029,000 after purchasing an additional 5,321 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Ethan Allen Interiors by 10.5% during the fourth quarter. Inspire Investing LLC now owns 14,235 shares of the company’s stock worth $400,000 after purchasing an additional 1,348 shares during the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group reissued a “market perform” rating on shares of Ethan Allen Interiors in a research report on Tuesday, May 6th.

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.