M Farooq Kathwari Sells 22,811 Shares of Ethan Allen Interiors (NYSE:ETD) Stock

Ethan Allen Interiors Inc. (NYSE:ETD) CEO M Farooq Kathwari sold 22,811 shares of Ethan Allen Interiors stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $25.04, for a total transaction of $571,187.44. Following the sale, the chief executive officer directly owned 1,465,530 shares of the company’s stock, valued at $36,696,871.20. The trade was a 1.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, September 2nd, M Farooq Kathwari sold 1,063 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $25.04, for a total value of $26,617.52.

Ethan Allen Interiors Stock Up 3.4%

Shares of Ethan Allen Interiors stock traded up $0.82 during trading on Wednesday, reaching $24.77. The company’s stock had a trading volume of 1,522,320 shares, compared to its average volume of 575,835. Ethan Allen Interiors Inc. has a 52 week low of $18.28 and a 52 week high of $30.80. The firm has a market cap of $630.29 million, a PE ratio of 15.88 and a beta of 1.03. The business’s 50-day moving average price is $22.87 and its 200-day moving average price is $22.10.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $146.75 million during the quarter, compared to analysts’ expectations of $148.70 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 EPS. Equities analysts predict that Ethan Allen Interiors Inc. will post 1.3 earnings per share for the current year.

Ethan Allen Interiors Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd will be given a $3.00 dividend. The ex-dividend date is Thursday, September 3rd. Ethan Allen Interiors’s payout ratio is presently 100.00%.

Institutional Investors Weigh In On Ethan Allen Interiors

Large investors have recently modified their holdings of the business. Allworth Financial LP bought a new position in shares of Ethan Allen Interiors in the 2nd quarter valued at $30,000. Tower Research Capital LLC TRC raised its stake in Ethan Allen Interiors by 365.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,054 shares of the company’s stock worth $85,000 after acquiring an additional 2,398 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ethan Allen Interiors by 132.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,899 shares of the company’s stock valued at $87,000 after purchasing an additional 2,219 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Ethan Allen Interiors in the 1st quarter valued at approximately $88,000. Finally, Dunhill Financial LLC acquired a new stake in Ethan Allen Interiors during the 2nd quarter valued at approximately $92,000. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ETD. Telsey Advisory Group reduced their price target on Ethan Allen Interiors from $24.00 to $22.00 and set a “market perform” rating on the stock in a research report on Thursday, July 30th. Zacks Research downgraded Ethan Allen Interiors from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Ethan Allen Interiors in a report on Friday, July 31st. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Sell” and an average target price of $22.00.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.