Ethan Allen Interiors Inc. (ETH) Chairman M Farooq Kathwari Sells 37,882 Shares

Ethan Allen Interiors Inc. (NYSE:ETH) Chairman M Farooq Kathwari sold 37,882 shares of the company’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $21.51, for a total transaction of $814,841.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:ETH opened at $21.45 on Thursday. The firm has a market capitalization of $567.73 million, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.16 and a beta of 0.88. Ethan Allen Interiors Inc. has a 1 year low of $21.10 and a 1 year high of $32.90.

Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, July 25th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $205.60 million during the quarter, compared to analysts’ expectations of $200.01 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 9.33%. Ethan Allen Interiors’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. analysts anticipate that Ethan Allen Interiors Inc. will post 1.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Wednesday, October 10th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Tuesday, October 9th. Ethan Allen Interiors’s dividend payout ratio is presently 56.30%.

Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in Ethan Allen Interiors during the second quarter valued at about $143,000. Stevens Capital Management LP bought a new stake in Ethan Allen Interiors during the first quarter valued at about $209,000. Verition Fund Management LLC bought a new stake in Ethan Allen Interiors during the first quarter valued at about $229,000. Itau Unibanco Holding S.A. bought a new stake in Ethan Allen Interiors during the second quarter valued at about $231,000. Finally, Trexquant Investment LP bought a new stake in Ethan Allen Interiors during the second quarter valued at about $239,000. Hedge funds and other institutional investors own 95.59% of the company’s stock.

A number of equities research analysts recently issued reports on ETH shares. Zacks Investment Research upgraded shares of Ethan Allen Interiors from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 12th. Raymond James reiterated a “buy” rating and issued a $27.00 price objective on shares of Ethan Allen Interiors in a report on Sunday, August 12th. Finally, ValuEngine cut shares of Ethan Allen Interiors from a “sell” rating to a “strong sell” rating in a report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Ethan Allen Interiors presently has a consensus rating of “Hold” and a consensus target price of $27.60.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in North America, Asia, the Middle East, and Europe. The company operates through 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 items comprising sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accents and other 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.

Read More: Earnings Per Share (EPS)

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