Notable Stock to Watch: Ethan Allen Interiors Inc. (NYSE:ETH)

Robert Cieslak

Ethan Allen Interiors Inc. (NYSE:ETH) changed 1.26% to recent value of $20.89. The stock transacted 250475 shares during most recent day however it has an average volume of 270.86K shares. It spotted trading -9.61% off 52-week high price. On the other end, the stock has been noted 28.36% away from the low price over the last 52-weeks.

On July 25, 2019, – Ethan Allen Interiors Inc. (NYSE:ETH) announced  that its Board of Directors has declared a regular quarterly cash dividend of $0.21 per share, which will be payable to shareholders of record as of Thursday, October 10, 2019, and will be paid on Friday, October 25, 2019.

Farooq Kathwari, Chairman and CEO commented, We are pleased that our Board made the decision to increase our regular quarterly dividend to $0.21, a 10% increase, due to the continued strengthening of our balance sheet.

About Ethan Allen

Ethan Allen is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers complimentary interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 300 design centers in the United States and abroad. Ethan Allen owns and operates six manufacturing facilities including three manufacturing plants and one sawmill in the United States plus one plant each in Mexico and Honduras. Approximately 75% of its products are made in its North American plants.

 ETH has a gross margin of 54.60% and an operating margin of 7.10% while its profit margin remained 5.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -5.70% for this year while earning per share for the next 5-years is expected to reach at 9.20%.

 The company has 26.25M of outstanding shares and 24.19M shares were floated in the market. According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.37% from the mean of 20 days, -0.91% from mean of 50 days SMA and performed 6.16% from mean of 200 days price. Company’s performance for the week was 1.26%, 3.16% for month and YTD performance remained 25.15%.

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