Insider Selling: Ethan Allen Interiors (NYSE:ETD) CEO Sells 15,000 Shares of 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 that occurred on Monday, September 15th. The shares were sold at an average price of $29.37, for a total transaction of $440,550.00. Following the completion of the transaction, the chief executive officer owned 1,598,652 shares of the company's stock, valued at $46,952,409.24. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 shares were sold at an average price of $29.37, for a total transaction of $20,559.00.

Ethan Allen Interiors Price Performance

Shares of NYSE:ETD traded up $0.31 during trading on Monday, reaching $29.48. The stock had a trading volume of 250,824 shares, compared to its average volume of 274,326. Ethan Allen Interiors Inc. has a 52 week low of $24.55 and a 52 week high of $33.77. The business's 50-day moving average price is $29.57 and its 200 day moving average price is $28.06. The stock has a market capitalization of $749.65 million, a PE ratio of 14.30 and a beta of 1.13.

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

Ethan Allen Interiors Dividend Announcement

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

Institutional Investors Weigh In On Ethan Allen Interiors

Several large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH grew its holdings in shares of Ethan Allen Interiors by 5.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 7,783 shares of the company's stock valued at $217,000 after buying an additional 377 shares during the period. IFP Advisors Inc grew its holdings in shares of 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 buying an additional 399 shares during the period. Unison Advisors LLC grew its holdings in shares of Ethan Allen Interiors by 1.4% in the 1st quarter. Unison Advisors LLC now owns 30,872 shares of the company's stock valued at $855,000 after buying an additional 414 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ethan Allen Interiors by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,006 shares of the company's stock valued at $366,000 after buying an additional 448 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Ethan Allen Interiors by 1.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 28,914 shares of the company's stock valued at $801,000 after buying an additional 463 shares during the period. Institutional investors own 83.80% of the company's stock.

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 report on Thursday, July 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Ethan Allen Interiors currently has a consensus rating of "Hold" and a consensus target price of $30.00.

About Ethan Allen Interiors

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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