M Farooq Kathwari Sells 2,168 Shares of Ethan Allen Interiors (NYSE:ETD) Stock

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

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%

Ethan Allen Interiors stock opened at $24.20 on Friday. Ethan Allen Interiors Inc. has a 1-year low of $21.67 and a 1-year high of $32.61. The firm’s fifty day simple moving average is $23.70 and its 200-day simple moving average is $26.72. The company has a market capitalization of $615.67 million, a P/E ratio of 13.08 and a beta of 1.16.

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

Ethan Allen Interiors Announces Dividend

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

Hedge Funds Weigh In On Ethan Allen Interiors

A number of institutional investors and hedge funds have recently bought and sold shares of ETD. IFP Advisors Inc boosted its holdings 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 purchasing an additional 399 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock valued at $85,000 after buying an additional 2,398 shares during the last quarter. CWM LLC lifted its stake 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 buying an additional 3,374 shares during the period. AlphaQuest LLC grew its position in Ethan Allen Interiors by 106.0% during the third quarter. AlphaQuest LLC now owns 4,585 shares of the company’s stock worth $135,000 after buying an additional 2,359 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Ethan Allen Interiors by 76.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,240 shares of the company’s stock valued at $120,000 after acquiring an additional 2,267 shares during the period. Institutional investors own 83.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ETD has been the subject of several analyst reports. Zacks Research upgraded Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings downgraded shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $28.00 target price 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, Ethan Allen Interiors has a consensus rating of “Reduce” and a consensus price target of $28.00.

Ethan Allen Interiors Company Profile

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.