Insider Selling: Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $292,700.00 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $29.27, for a total transaction of $292,700.00. Following the transaction, the chief executive officer now directly owns 1,641,905 shares in the company, valued at $48,058,559.35. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 stock was sold at an average price of $28.67, for a total transaction of $286,700.00.

Ethan Allen Interiors Stock Down 1.0 %

Shares of NYSE ETD opened at $28.92 on Friday. Ethan Allen Interiors Inc. has a 52 week low of $26.53 and a 52 week high of $35.62. The firm has a 50-day moving average price of $28.93 and a 200 day moving average price of $29.82. The stock has a market capitalization of $735.49 million, a price-to-earnings ratio of 12.15 and a beta of 1.31.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 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%. Equities research analysts expect that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed 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. This represents a $1.56 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Tuesday, February 11th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 65.55%.

Analyst Upgrades and Downgrades

ETD has been the subject of several recent analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $32.00 target price on shares of Ethan Allen Interiors in a research note on Thursday, January 30th. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Hedge Funds Weigh In On Ethan Allen Interiors

Hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in Ethan Allen Interiors during the 3rd quarter valued at about $862,000. FMR LLC increased its holdings in Ethan Allen Interiors by 421.3% during the 3rd quarter. FMR LLC now owns 18,943 shares of the company’s stock valued at $604,000 after acquiring an additional 15,309 shares in the last quarter. Barclays PLC increased its holdings in Ethan Allen Interiors by 113.8% during the 3rd quarter. Barclays PLC now owns 57,174 shares of the company’s stock valued at $1,824,000 after acquiring an additional 30,437 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ethan Allen Interiors during the third quarter worth about $1,132,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of 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 buying an additional 4,267 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

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.