Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari Sells 10,000 Shares

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the chief executive officer now directly owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. This represents a 0.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, October 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $30.87, for a total value of $308,700.00.
• On Tuesday, September 17th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $31.74, for a total transaction of $317,400.00.

Ethan Allen Interiors Price Performance

ETD traded up $0.02 on Monday, hitting $28.90. The company had a trading volume of 167,930 shares, compared to its average volume of 233,306. Ethan Allen Interiors Inc. has a 1-year low of $26.53 and a 1-year high of $35.62. The stock has a market cap of $734.80 million, a price-to-earnings ratio of 11.60 and a beta of 1.27. The company’s fifty day moving average price is $30.11 and its 200 day moving average price is $29.56.

Ethan Allen Interiors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $32.00 price objective on shares of Ethan Allen Interiors in a report on Thursday, October 31st.

Hedge Funds Weigh In On Ethan Allen Interiors

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Ethan Allen Interiors by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock worth $56,720,000 after buying an additional 25,472 shares during the last quarter. Boston Partners acquired a new stake in shares of Ethan Allen Interiors during the first quarter worth $1,147,000. GSA Capital Partners LLP acquired a new stake in Ethan Allen Interiors in the 3rd quarter valued at approximately $862,000. Hodges Capital Management Inc. grew its position in Ethan Allen Interiors by 16.6% in the second quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock valued at $15,187,000 after purchasing an additional 77,565 shares in the last quarter. Finally, Millennium Management LLC boosted its position in Ethan Allen Interiors by 2,127.1% during the second quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock valued at $4,392,000 after purchasing an additional 150,409 shares during the last quarter. Institutional investors 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.