2024-03-09 09:00:51 ET
Summary
- Ethan Allen is a lesser-known interior designer and manufacturer of quality home furnishings.
- The company's latest quarter showed missed estimates but strong operating margins and improving gross margins.
- Ethan Allen is shareholder-friendly, paying occasional special dividends and growing the regular dividend, with a current yield of over 4%.
- The company has no debt on its balance sheet and offers investors the potential for double-digit upside to its price target of near $43 a share.
- Due to their business model, the company is greatly impacted by interest rates and changing consumer spending habits.
Introduction
While researching its more well-known peer Leggett & Platt ( LEG ), I came across Ethan Allen Interiors ( ETD ). I'm constantly in search of quality dividend-paying stocks that I can add to my portfolio, especially those trading at a good price. As a buy-and-hold investor typically, I look for those with not only solid business models, but fundamentals as well....
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Ethan Allen: A 4% Yielding Dividend Stock With Occasional Specials And Double-Digit Upside Potential