Ethan Allen Interiors (NYSE:ETD) CEO Sells $54,221.68 in Stock

by · The Cerbat Gem

Ethan Allen Interiors Inc. (NYSE:ETD – Get Free Report) CEO M Farooq Kathwari sold 2,168 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $25.01, for a total value of $54,221.68. Following the sale, the chief executive officer owned 1,483,228 shares of the company’s stock, valued at $37,095,532.28. This trade represents a 0.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, January 22nd, M Farooq Kathwari sold 102 shares of Ethan Allen Interiors stock. The stock was sold at an average price of $25.01, for a total transaction of $2,551.02.

Ethan Allen Interiors Stock Performance

ETD traded down $0.59 during trading on Friday, reaching $24.20. The company’s stock had a trading volume of 202,345 shares, compared to its average volume of 302,676. The company’s fifty day moving average price is $23.67 and its 200-day moving average price is $26.78. Ethan Allen Interiors Inc. has a 52-week low of $21.67 and a 52-week high of $32.61. The company has a market capitalization of $615.76 million, a price-to-earnings ratio of 13.08 and a beta of 1.16.

Ethan Allen Interiors (NYSE:ETD – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $146.98 million for the quarter, compared to analyst estimates of $149.15 million. Ethan Allen Interiors had a return on equity of 10.08% and a net margin of 7.79%.The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.58 earnings per share. Equities analysts predict that Ethan Allen Interiors Inc. will post 2.32 earnings per share for the current year.

Ethan Allen Interiors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a $0.39 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.4%. Ethan Allen Interiors’s dividend payout ratio is currently 84.32%.

Institutional Trading of Ethan Allen Interiors

A number of large investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its stake in 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 purchasing an additional 377 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Ethan Allen Interiors by 44.0% during the second quarter. IFP Advisors Inc now owns 1,306 shares of the company’s stock worth $36,000 after buying an additional 399 shares in the last quarter. Dakota Wealth Management grew its holdings in shares of Ethan Allen Interiors by 2.5% during the fourth quarter. Dakota Wealth Management now owns 17,535 shares of the company’s stock worth $400,000 after buying an additional 430 shares in the last quarter. Unison Advisors LLC raised its position in shares of Ethan Allen Interiors by 1.5% in the second quarter. Unison Advisors LLC now owns 31,330 shares of the company’s stock valued at $873,000 after buying an additional 458 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Ethan Allen Interiors by 6.2% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,590 shares of the company’s stock valued at $253,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 83.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ETD shares. Zacks Research raised Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday. Finally, Weiss Ratings cut shares of Ethan Allen Interiors from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, December 29th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $28.00.

Read Our Latest Report on ETD

About Ethan Allen Interiors

(Get Free Report)

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.

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