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Ethan Allen Interiors Inc.
Type
Public
Traded as NYSE: ETH
S&P 600 Component
Industry Furniture and home interiors
Founded 1932
Headquarters Danbury, Connecticut, USA
Key people
Farooq Kathwari, President, Chairman and CEO
Revenue DecreaseUS$ 763.38 million (2017)
Operating income
DecreaseUS$ 57.95 million (2017)
Net income
DecreaseUS$ 36.19 million (2017)
Total assets DecreaseUS$ 568.22 million (2017)
Number of employees
5,200 (2017)
Subsidiaries Ethan Allen Global, Inc.
Website www.ethanallen.com

Ethan Allen Interiors Inc. is an American furniture chain with more than 300 stores across the United States, Canada, Europe, Asia, and the Middle East. It was founded in 1932 by two brothers-in-law, Nathan S. Ancell and Theodore Baumritter.

Ethan Allen has about 300 Design Centers and Studios domestically and abroad, 9 manufacturing facilities, 14 retail service centers, and sales of $763.4 million located across the United States in 2017. It is one of the largest furniture companies in the United States.

The company makes customized furniture domestically (Maiden, NC), such as upholstered furniture, sofas, and chairs, custom made in a selected fabric. Overall domestic manufacturing of Ethan Allen products stands at 65% with goals to raise this to 70% with the release of the new American Artisan line.

The company was started as a housewares manufacturer in 1932, then bought a bankrupt furniture factory in Beecher Falls, Vermont, in 1936. The firm adopted the name "Ethan Allen" for its early-American furniture introduced in 1939. It was named after the Vermont Revolutionary leader.

In 1972, Ethan Allen moved its headquarters from New York City to Danbury, Connecticut. The Ethan Allen International Headquarters Complex includes the Ethan Allen Hotel, corporate headquarters offices, and an interior design center. The firm was sold in 1980 to Interco for $150 million, though Ancell remained an advisor. The company was sold again in 1989 to a management group headed by current Chairman, President, and CEO Farooq Kathwari. In 1993, the company went public to help raise $156.9 million through the sale of common stock.

In 2004, Ethan Allen closed its Boonville, New York, plant, laying off 250. It also closed its Bridgewater, Virginia, plant, also laying off 250.

In 2008, the company announced plans to close a dozen Design Centers. The decision was made to consolidate the Design Centers with others that were currently serving the same market area.

More than seventy percent of its cherry, maple, and alder wood pieces are crafted in the United States. Towards the end of 2008, Ethan Allen began selling their products online.

In 2009, the company laid off 238 workers from Beecher Falls, Vermont. 93 workers remained. Later in the year, the plant ceased operation. In 2009, Ethan Allen closed the Eldred, PA manufacturing plant.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2022 2021-10-27 Future report Set alerts
Q4 2021 2021-08-09 0.74 0.74
Q3 2021 2021-04-29 0.58 0.58
Q2 2021 2021-01-28 0.69 0.69
Q1 2021 2020-10-29 0.00 0.37
Q4 2020 2020-08-04 -0.15 -0.48
Q3 2020 2020-05-11 0.02 -0.01
Q2 2020 2020-02-04 0.27 0.27
Q1 2020 2019-11-04 0.35 0.53
Q4 2019 2019-07-31 0.46 -0.12

Ratings

2016-04-26 Boost Price Target Dougherty & Co Buy $37.00 to $38.00
2016-04-26 Boost Price Target Telsey Advisory Group Market Perform $32.00 to $33.00
2016-04-20 Boost Price Target Telsey Advisory Group Market Perform $30.00 to $32.00
2016-01-27 Boost Price Target Dougherty & Co Buy $35.00 to $37.00
2016-01-27 Upgrade Gabelli Hold to Buy $34.00
2016-01-26 Reiterated Rating Telsey Advisory Group Market Perform
2015-10-28 Downgrade Raymond James Strong-Buy to Outperform $34.00 to $31.00
2015-10-28 Downgrade Raymond James Financial Inc. Strong-Buy to Outperform $34.00 to $31.00
2015-09-17 Boost Price Target Telsey Advisory Group Market Perform $28.00 to $30.00
2015-07-29 Boost Price Target Dougherty & Co Buy $32.50 to $35.00
2015-04-24 Downgrade Sidoti Buy to Neutral
2015-04-15 Lower Price Target Nomura Neutral $32.00 to $30.00
2015-04-15 Lower Price Target Nomura Holdings Inc. Neutral $32.00 to $30.00
2015-03-25 Downgrade Gabelli Buy to Hold
2014-11-14 Boost Price Target Nomura Neutral $28.00 to $32.00
2014-10-22 Upgrade Dougherty & Company Neutral to Buy $31
2014-10-22 Upgrade Dougherty & Co Neutral to Buy $31.00
2014-07-21 Lower Price Target Telsey Advisory Group Not Rated $32.00 to $30.00
2014-07-16 Initiated Coverage Nomura Neutral $26.00
2014-06-09 Initiated Gabelli & Co Buy $30
2014-06-09 Initiated Coverage Gabelli Buy $30.00
2014-06-02 Initiated Coverage Barrington Research Market Perform
2014-01-10 Downgrade Dougherty & Co Buy to Neutral
2013-06-04 Initiated Dougherty & Company Buy $38
2012-12-14 Downgrade Stifel Nicolaus Buy to Hold
2011-12-13 Initiated Argus Hold
2010-06-29 Downgrade KeyBanc Capital Mkts Hold to Underweight $13
2009-08-31 Upgrade KeyBanc Capital Mkts Underweight to Hold
2009-04-22 Reiterated KeyBanc Capital Mkts Underweight $11 to $8
2009-04-15 Initiated KeyBanc Capital Mkts Underweight $11
2009-01-30 Reiterated Hilliard Lyons Long-term Buy $17 to $15
2008-12-02 Reiterated Hilliard Lyons Long-term Buy $25 to $17
2008-09-04 Reiterated Hilliard Lyons Buy $32 to $30
2008-01-15 Downgrade GARP Research Buy to Neutral
2007-04-02 Downgrade Goldman Sachs Neutral to Sell
2007-02-09 Downgrade Matrix Research Buy to Hold
2016-04-26 Boost Price Target Dougherty & Co Buy $37.00 to $38.00
2016-04-26 Boost Price Target Telsey Advisory Group Market Perform $32.00 to $33.00
2016-04-20 Boost Price Target Telsey Advisory Group Market Perform $30.00 to $32.00
2016-01-27 Boost Price Target Dougherty & Co Buy $35.00 to $37.00
2016-01-27 Upgrade Gabelli Hold to Buy $34.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
KATHWARI M FAROOQ Chairman, President & CEO 6.86%  (1983493) ETH /
Carlson James B. 0.06%  (16084) ETH /
WHITELY COREY Executive VP Operations 0.04%  (12574) ETH /
DOONER JOHN J JR 0.04%  (11100) ETH /
WILSON DON M III 0.04%  (11000) ETH /
Paccione Tracy VP, Merchandising 0.03%  (10000) ETH /
Grow Daniel M. VP, Business Development 0.02%  (6000) ETH /
Koster Eric D. VP, General Counsel & Secy. 0.02%  (5000) ETH /
Esposito Domenick J. 0.01%  (3680) ETH /
THORN CLIFFORD VP Upholstery Manufacturing 0.01%  (3655) ETH /
Stacom Tara I. 0.01%  (3300) ETH /
CLARK CLINTON A 0.01%  (2757) ETH /
STOUT CRAIG VP, Prd. Dev. Case Goods & Uph 0.01%  (2023) ETH /
Callen David R VP Finance & Treasurer 0.01%  (2000) ETH / SCSS /
GARRETT DONALD F VP Case Goods Manufacturing 0.01%  (1500) ETH /