We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Buy This Cheap High-Yield Dividend Stock Now for Growth Potential?
Read MoreHide Full Article
Ethan Allen Interiors Inc. (ETH - Free Report) is a home furnishings retailer that also provides interior design services. The stock has been on an impressive run in the last year and in 2021 and it is set to benefit from housing market growth and home spending. Plus, it is trading for under $30 a share and boasts a strong dividend yield.
Comfortable Pitch…
Ethan Allen’s FY20 sales (period ended on June 30) fell 21%, with the downturn driven by coronavirus setbacks. But the company has turned things around and its stronger-than-projected guidance that it provided in late January helps it land a Zacks Rank #1 (Strong Buy) right now.
Zacks estimates call for ETH’s fiscal 2021 revenue to jump by 14%, with FY22 set to climb another 6% to reach $708 million. At the bottom end, its adjusted earnings are expected to soar 244% in FY21 to hit $1.79 a share and climb 6% higher in FY22.
Ethan Allen also earns “B” grades for Growth and Value in our Style Scores system and it trades at a discount to its Retail-Home Furnishings space that is in the top 2% of our over 250 Zacks industries. This group includes Williams-Sonoma (WSM - Free Report) , RH (RH - Free Report) , Tempur Sealy , and others. All of these companies are prepared to benefit from the continued growth of the housing market, which is now being driven by millennials, and broader home improvement spending.
ETH has soared 120% since last March. More recently, the stock has surged 30% in the past three months to blow away the S&P 500’s 4% and top its peers.
Despite its climb, the stock trades at $27 a share. And a recent pullback has Ethan Allen sitting 10% below its March 18 highs and it still has 30% more room to run before it reaches where it was back in 2016. The downturn has also pushed it near neutral levels in terms of RSI at 52.
Last year, Ethan Allen lifted its quarterly dividend by nearly 20%. And its current 3.8% dividend yield more than doubles the S&P 500’s 1.4% and crushes the recently rising 10-year U.S. Treasury’s 1.6% and the 30-year Treasury’s 2.3%. And the company ended Q2 “with a strong balance sheet, including cash on hand of $80 million and no outstanding debt.”
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Buy This Cheap High-Yield Dividend Stock Now for Growth Potential?
Ethan Allen Interiors Inc. (ETH - Free Report) is a home furnishings retailer that also provides interior design services. The stock has been on an impressive run in the last year and in 2021 and it is set to benefit from housing market growth and home spending. Plus, it is trading for under $30 a share and boasts a strong dividend yield.
Comfortable Pitch…
Ethan Allen’s FY20 sales (period ended on June 30) fell 21%, with the downturn driven by coronavirus setbacks. But the company has turned things around and its stronger-than-projected guidance that it provided in late January helps it land a Zacks Rank #1 (Strong Buy) right now.
Zacks estimates call for ETH’s fiscal 2021 revenue to jump by 14%, with FY22 set to climb another 6% to reach $708 million. At the bottom end, its adjusted earnings are expected to soar 244% in FY21 to hit $1.79 a share and climb 6% higher in FY22.
Ethan Allen also earns “B” grades for Growth and Value in our Style Scores system and it trades at a discount to its Retail-Home Furnishings space that is in the top 2% of our over 250 Zacks industries. This group includes Williams-Sonoma (WSM - Free Report) , RH (RH - Free Report) , Tempur Sealy , and others. All of these companies are prepared to benefit from the continued growth of the housing market, which is now being driven by millennials, and broader home improvement spending.
ETH has soared 120% since last March. More recently, the stock has surged 30% in the past three months to blow away the S&P 500’s 4% and top its peers.
Despite its climb, the stock trades at $27 a share. And a recent pullback has Ethan Allen sitting 10% below its March 18 highs and it still has 30% more room to run before it reaches where it was back in 2016. The downturn has also pushed it near neutral levels in terms of RSI at 52.
Last year, Ethan Allen lifted its quarterly dividend by nearly 20%. And its current 3.8% dividend yield more than doubles the S&P 500’s 1.4% and crushes the recently rising 10-year U.S. Treasury’s 1.6% and the 30-year Treasury’s 2.3%. And the company ended Q2 “with a strong balance sheet, including cash on hand of $80 million and no outstanding debt.”
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>