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 Ethan Allen Interiors stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the sale, the chief executive officer now directly owns 1,671,905 shares of the company’s stock, valued at $48,100,706.85. This represents a 0.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 stock was 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 stock was sold at an average price of $31.74, for a total value of $317,400.00.

Ethan Allen Interiors Stock Performance

Shares of ETD opened at $28.94 on Thursday. The company has a 50 day moving average price of $30.11 and a 200-day moving average price of $29.56. Ethan Allen Interiors Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $35.62. The stock has a market capitalization of $735.94 million, a PE ratio of 11.80 and a beta of 1.27.

Ethan Allen Interiors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.56 dividend on an annualized basis and a yield of 5.39%. Ethan Allen Interiors’s dividend payout ratio is currently 63.16%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Miller Howard Investments Inc. NY lifted its stake in shares of Ethan Allen Interiors by 2.2% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 17,536 shares of the company’s stock worth $489,000 after purchasing an additional 371 shares during the last quarter. Unison Advisors LLC raised its holdings 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 in the last quarter. SummerHaven Investment Management LLC raised its holdings in Ethan Allen Interiors by 2.1% in the second quarter. SummerHaven Investment Management LLC now owns 25,740 shares of the company’s stock worth $718,000 after purchasing an additional 537 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Ethan Allen Interiors by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 8,737 shares of the company’s stock valued at $244,000 after buying an additional 543 shares during the last quarter. Finally, Cim LLC boosted its holdings in shares of Ethan Allen Interiors by 11.9% in the 2nd quarter. Cim LLC now owns 6,978 shares of the company’s stock valued at $210,000 after buying an additional 741 shares in the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $32.00 price objective 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.