Insider Selling: Ethan Allen Interiors Inc. (NYSE:ETD) CEO Sells 10,000 Shares of Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the transaction, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at $48,100,706.85. This trade represents a 0.59 % 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 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 transaction of $308,700.00.
• 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 value of $317,400.00.

Ethan Allen Interiors Stock Performance

ETD opened at $28.90 on Tuesday. Ethan Allen Interiors Inc. has a 1 year low of $26.53 and a 1 year high of $35.62. The firm has a 50 day moving average price of $30.11 and a 200 day moving average price of $29.56. The company has a market cap of $734.80 million, a PE ratio of 11.70 and a beta of 1.27.

Ethan Allen Interiors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Tuesday, November 12th. Ethan Allen Interiors’s dividend payout ratio is presently 63.16%.

Hedge Funds Weigh In On Ethan Allen Interiors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Ethan Allen Interiors by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock valued at $56,720,000 after purchasing an additional 25,472 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Ethan Allen Interiors by 4.5% in the second quarter. Pacer Advisors Inc. now owns 888,760 shares of the company’s stock valued at $24,788,000 after buying an additional 38,101 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Ethan Allen Interiors by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 547,959 shares of the company’s stock valued at $15,283,000 after buying an additional 72,767 shares during the period. Hodges Capital Management Inc. lifted its position in Ethan Allen Interiors by 0.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 547,857 shares of the company’s stock worth $17,471,000 after acquiring an additional 3,311 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Ethan Allen Interiors by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 538,595 shares of the company’s stock worth $17,179,000 after acquiring an additional 3,310 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Wall Street Analyst Weigh In

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

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.