Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $287,700.00 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the sale, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. This trade represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was 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 shares were sold at an average price of $31.74, for a total value of $317,400.00.

Ethan Allen Interiors Stock Down 0.5 %

ETD stock opened at $28.94 on Thursday. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The stock has a market capitalization of $735.94 million, a price-to-earnings ratio of 11.80 and a beta of 1.27. The firm’s fifty day simple moving average is $30.11 and its two-hundred day simple moving average is $29.56.

Ethan Allen Interiors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.56 annualized dividend and a yield of 5.39%. Ethan Allen Interiors’s payout ratio is 63.16%.

Analyst Upgrades and Downgrades

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

Institutional Trading of Ethan Allen Interiors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its stake in shares of Ethan Allen Interiors by 679.5% during the third quarter. Jane Street Group LLC now owns 266,161 shares of the company’s stock valued at $8,488,000 after buying an additional 232,015 shares during the last quarter. Millennium Management LLC boosted its holdings in Ethan Allen Interiors by 2,127.1% during the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock valued at $4,392,000 after acquiring an additional 150,409 shares during the period. Hodges Capital Management Inc. grew its position in Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock valued at $15,187,000 after acquiring an additional 77,565 shares during the last quarter. American Century Companies Inc. increased its stake in Ethan Allen Interiors by 15.3% in the second quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock worth $15,283,000 after purchasing an additional 72,767 shares during the period. Finally, First Eagle Investment Management LLC lifted its position in shares of Ethan Allen Interiors by 88.1% during the second quarter. First Eagle Investment Management LLC now owns 128,091 shares of the company’s stock worth $3,572,000 after purchasing an additional 59,999 shares during the last quarter. 83.80% of the stock is owned by hedge funds and other institutional investors.

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.