Ethan Allen Interiors (NYSE:ETD) CEO Sells $54,221.68 in Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 2,168 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total transaction of $54,221.68. Following the transaction, the chief executive officer directly owned 1,483,228 shares of the company’s stock, valued at $37,095,532.28. This represents a 0.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 22nd, M Farooq Kathwari sold 102 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $25.01, for a total transaction of $2,551.02.

Ethan Allen Interiors Trading Down 2.4%

Shares of ETD opened at $24.20 on Monday. The stock has a market capitalization of $615.76 million, a price-to-earnings ratio of 13.08 and a beta of 1.16. Ethan Allen Interiors Inc. has a 12 month low of $21.67 and a 12 month high of $32.61. The firm has a fifty day simple moving average of $23.70 and a 200 day simple moving average of $26.70.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Ethan Allen Interiors had a net margin of 7.79% and a return on equity of 10.08%. The business had revenue of $146.98 million during the quarter, compared to analyst estimates of $149.15 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. As a group, research analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current fiscal year.

Ethan Allen Interiors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.4%. The ex-dividend date was Wednesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 84.32%.

Analysts Set New Price Targets

Several research firms have weighed in on ETD. Weiss Ratings lowered Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Zacks Research raised shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $28.00 price target on shares of Ethan Allen Interiors in a research report on Thursday. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $28.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc raised its stake in Ethan Allen Interiors by 44.0% in the 2nd quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock valued at $36,000 after acquiring an additional 399 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Ethan Allen Interiors by 365.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after purchasing an additional 2,398 shares during the last quarter. CWM LLC raised its position in shares of Ethan Allen Interiors by 391.4% in the third quarter. CWM LLC now owns 4,236 shares of the company’s stock valued at $125,000 after purchasing an additional 3,374 shares during the period. AlphaQuest LLC lifted its stake in shares of Ethan Allen Interiors by 106.0% during the 3rd quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock worth $135,000 after buying an additional 2,359 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Ethan Allen Interiors by 76.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock worth $120,000 after buying an additional 2,267 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.