Ethan Allen Interiors (NYSE:ETD) CEO Sells $440,550.00 in Stock

Key Points

• M Farooq Kathwari, CEO of Ethan Allen Interiors, sold 15,000 shares of the company's stock at an average price of $29.37, totaling around $440,550, which reduced his ownership by 0.93%.
• Ethan Allen reported earnings of $0.49 per share for the last quarter, exceeding analysts' expectations, although it represented a decrease from $0.70 per share in the same quarter the previous year.
• The company recently declared a quarterly dividend of $0.39, yielding 5.3% and with a payout ratio of 77.61%.

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) CEO M Farooq Kathwari sold 15,000 shares of Ethan Allen Interiors stock in a transaction on Monday, September 15th. The stock was sold at an average price of $29.37, for a total transaction of $440,550.00. Following the transaction, the chief executive officer directly owned 1,598,652 shares in the company, valued at $46,952,409.24. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, September 15th, M Farooq Kathwari sold 700 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $29.37, for a total value of $20,559.00.

Ethan Allen Interiors Price Performance

Shares of NYSE ETD traded down $0.54 during mid-day trading on Friday, reaching $29.27. 473,587 shares of the company's stock were exchanged, compared to its average volume of 281,489. The firm has a market capitalization of $744.34 million, a price-to-earnings ratio of 14.56 and a beta of 1.13. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $32.61. The firm has a 50-day moving average price of $29.52 and a two-hundred day moving average price of $28.10.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $160.36 million for the quarter, compared to analysts' expectations of $152.20 million. Ethan Allen Interiors had a return on equity of 10.92% and a net margin of 8.39%.The business's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 EPS. As a group, sell-side analysts forecast that Ethan Allen Interiors Inc. will post 2.32 EPS for the current fiscal year.

Ethan Allen Interiors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Wednesday, August 13th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, August 13th. Ethan Allen Interiors's payout ratio is currently 77.61%.

Institutional Investors Weigh In On Ethan Allen Interiors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Ethan Allen Interiors by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,680,620 shares of the company's stock valued at $46,553,000 after buying an additional 13,822 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ethan Allen Interiors by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 902,260 shares of the company's stock worth $24,993,000 after purchasing an additional 64,565 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Ethan Allen Interiors by 5.7% during the second quarter. American Century Companies Inc. now owns 837,971 shares of the company's stock worth $23,337,000 after purchasing an additional 45,031 shares in the last quarter. LSV Asset Management grew its holdings in shares of Ethan Allen Interiors by 9.7% during the first quarter. LSV Asset Management now owns 585,200 shares of the company's stock worth $16,210,000 after purchasing an additional 51,700 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Ethan Allen Interiors by 1.2% during the second quarter. Geode Capital Management LLC now owns 548,021 shares of the company's stock worth $15,263,000 after purchasing an additional 6,729 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated a "market perform" rating and issued a $30.00 price objective on shares of Ethan Allen Interiors in a research note on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Ethan Allen Interiors currently has a consensus rating of "Hold" and a consensus price target of $30.00.

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.