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 Ethan Allen Interiors stock in a transaction on Monday, November 18th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the sale, the chief executive officer now owns 1,671,905 shares in the company, valued at $48,100,706.85. This represents a 0.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $31.74, for a total transaction of $317,400.00.

Ethan Allen Interiors Trading Up 0.1 %

Shares of NYSE ETD traded up $0.02 during midday trading on Monday, reaching $28.90. 167,930 shares of the company were exchanged, compared to its average volume of 233,306. The stock has a market cap of $734.80 million, a P/E ratio of 11.60 and a beta of 1.27. Ethan Allen Interiors Inc. has a 1 year low of $26.53 and a 1 year high of $35.62. The stock has a fifty day simple moving average of $30.11 and a 200 day simple moving average of $29.56.

Ethan Allen Interiors Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Ethan Allen Interiors by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,640,722 shares of the company’s stock valued at $56,720,000 after buying an additional 25,472 shares during the last quarter. Boston Partners purchased a new stake in Ethan Allen Interiors during the 1st quarter worth about $1,147,000. GSA Capital Partners LLP acquired a new position in Ethan Allen Interiors in the 3rd quarter valued at about $862,000. Hodges Capital Management Inc. lifted its holdings in Ethan Allen Interiors by 16.6% in the 2nd quarter. Hodges Capital Management Inc. now owns 544,546 shares of the company’s stock valued at $15,187,000 after purchasing an additional 77,565 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Ethan Allen Interiors by 2,127.1% during the 2nd quarter. Millennium Management LLC now owns 157,480 shares of the company’s stock worth $4,392,000 after purchasing an additional 150,409 shares during the last quarter. 83.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a 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.