Insider Buying: Ethan Allen Interiors Inc. (ETH) Chairman Buys 10,000 Shares of Stock

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Ethan Allen Interiors Inc. (NYSE:ETH) Chairman M Farooq Kathwari acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, November 6th. The stock was acquired at an average cost of $19.50 per share, for a total transaction of $195,000.00. Following the completion of the purchase, the chairman now directly owns 1,979,377 shares in the company, valued at $38,597,851.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, September 21st, M Farooq Kathwari sold 37,882 shares of Ethan Allen Interiors stock. The shares were sold at an average price of $21.51, for a total value of $814,841.82.

ETH stock opened at $19.81 on Friday. Ethan Allen Interiors Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $30.10. The company has a market cap of $525.54 million, a P/E ratio of 14.67, a PEG ratio of 1.23 and a beta of 0.92.

Ethan Allen Interiors (NYSE:ETH) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. Ethan Allen Interiors had a return on equity of 9.66% and a net margin of 4.89%. The business had revenue of $187.79 million for the quarter, compared to the consensus estimate of $186.90 million. Analysts anticipate that Ethan Allen Interiors Inc. will post 1.5 earnings per share for the current year.

A number of research analysts have recently issued reports on ETH shares. Raymond James reissued a “buy” rating and issued a $27.00 price objective on shares of Ethan Allen Interiors in a research note on Sunday, August 12th. Zacks Investment Research raised Ethan Allen Interiors from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Telsey Advisory Group dropped their price target on Ethan Allen Interiors from $23.00 to $22.00 and set a “market perform” rating on the stock in a research note on Thursday, October 25th. Finally, ValuEngine raised Ethan Allen Interiors from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Ethan Allen Interiors currently has a consensus rating of “Hold” and a consensus price target of $24.75.

A number of hedge funds have recently bought and sold shares of ETH. BlackRock Inc. raised its stake in Ethan Allen Interiors by 2.4% during the 2nd quarter. BlackRock Inc. now owns 3,703,905 shares of the company’s stock worth $90,746,000 after buying an additional 85,620 shares during the period. Dimensional Fund Advisors LP raised its stake in Ethan Allen Interiors by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,287,201 shares of the company’s stock worth $56,036,000 after buying an additional 83,374 shares during the period. Piermont Capital Management Inc. acquired a new position in Ethan Allen Interiors during the 3rd quarter worth approximately $1,588,000. Schwab Charles Investment Management Inc. raised its stake in Ethan Allen Interiors by 14.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 316,847 shares of the company’s stock worth $7,763,000 after buying an additional 39,044 shares during the period. Finally, First Trust Advisors LP acquired a new position in Ethan Allen Interiors during the 3rd quarter worth approximately $798,000. 95.43% of the stock is currently owned by institutional investors and hedge funds.

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Ethan Allen Interiors Company Profile

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.

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