M Farooq Kathwari Sells 10,000 Shares of Ethan Allen Interiors Inc. (NYSE:ETD) 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 shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the chief executive officer now owns 1,671,905 shares in the company, valued at approximately $48,100,706.85. The trade was 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 available at 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 shares were 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 transaction of $317,400.00.

Ethan Allen Interiors Price Performance

Shares of ETD opened at $29.14 on Wednesday. Ethan Allen Interiors Inc. has a 1 year low of $26.53 and a 1 year high of $35.62. The stock has a 50 day simple moving average of $30.11 and a two-hundred day simple moving average of $29.56. The firm has a market cap of $741.03 million, a P/E ratio of 11.80 and a beta of 1.27.

Ethan Allen Interiors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio (DPR) is 63.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. purchased a new stake in shares of Ethan Allen Interiors in the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new position in Ethan Allen Interiors in the second quarter worth about $29,000. Quarry LP purchased a new stake in Ethan Allen Interiors in the third quarter worth about $48,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ethan Allen Interiors during the 3rd quarter valued at approximately $50,000. Finally, nVerses Capital LLC purchased a new position in shares of Ethan Allen Interiors during the 3rd quarter worth approximately $92,000. Institutional investors own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.