Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells $286,700.00 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 Friday, January 17th. The shares were sold at an average price of $28.67, for a total transaction of $286,700.00. Following the completion of the sale, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. This trade represents a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Down 0.4 %

Shares of ETD opened at $28.64 on Monday. The company has a 50 day moving average of $29.17 and a two-hundred day moving average of $29.80. Ethan Allen Interiors Inc. has a twelve month low of $26.53 and a twelve month high of $35.62. The company has a market cap 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 announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend was Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $32.00 target price on shares of Ethan Allen Interiors in a report on Thursday, October 31st. Argus restated a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th.

Institutional Investors Weigh In On Ethan Allen Interiors

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Ethan Allen Interiors in the 3rd quarter valued at approximately $48,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ethan Allen Interiors in the third quarter worth $50,000. nVerses Capital LLC acquired a new stake in shares of Ethan Allen Interiors during the third quarter worth $92,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Ethan Allen Interiors during the third quarter valued at $216,000. Finally, Cim LLC increased its position in shares of Ethan Allen Interiors by 11.9% in 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. Institutional investors and hedge funds own 83.80% of the company’s stock.

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.