Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) CEO M Farooq Kathwari sold 10,000 shares of the company's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $30.87, for a total transaction of $308,700.00. Following the transaction, the chief executive officer now owns 1,698,905 shares of the company's stock, valued at approximately $52,445,197.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
M Farooq Kathwari also recently made the following trade(s):
- 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.
- On Monday, August 19th, M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $30.36, for a total value of $303,600.00.
Ethan Allen Interiors Stock Performance
ETD stock opened at $31.13 on Friday. The firm has a fifty day moving average price of $30.80 and a 200 day moving average price of $29.94. Ethan Allen Interiors Inc. has a fifty-two week low of $25.33 and a fifty-two week high of $35.62. The firm has a market cap of $791.08 million, a PE ratio of 11.32 and a beta of 1.25.
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Ethan Allen Interiors (NYSE:ETD - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.13. The business had revenue of $168.63 million during the quarter, compared to analysts' expectations of $159.65 million. Ethan Allen Interiors had a net margin of 9.88% and a return on equity of 13.45%. The business's revenue was down 10.0% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. On average, equities analysts predict that Ethan Allen Interiors Inc. will post 2.4 EPS for the current year.
Ethan Allen Interiors Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.01%. The ex-dividend date was Tuesday, August 13th. Ethan Allen Interiors's dividend payout ratio is currently 56.73%.
Wall Street Analysts Forecast Growth
Separately, Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research note on Wednesday, July 24th.
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Institutional Trading of Ethan Allen Interiors
Institutional investors have recently bought and sold shares of the stock. Joule Financial LLC raised its stake in shares of Ethan Allen Interiors by 11.4% in the third quarter. Joule Financial LLC now owns 17,734 shares of the company's stock valued at $566,000 after acquiring an additional 1,818 shares during the period. nVerses Capital LLC bought a new position in Ethan Allen Interiors during the 3rd quarter valued at about $92,000. Wedge Capital Management L L P NC raised its position in Ethan Allen Interiors by 15.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 31,288 shares of the company's stock worth $998,000 after purchasing an additional 4,133 shares during the period. Unison Advisors LLC lifted its stake in Ethan Allen Interiors by 1.4% in the third quarter. Unison Advisors LLC now owns 29,677 shares of the company's stock worth $946,000 after purchasing an additional 421 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Ethan Allen Interiors during the third quarter valued at approximately $605,000. 83.80% of the stock is currently owned by institutional investors.
About Ethan Allen Interiors
(
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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.
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