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4-Traders Homepage  >  Equities  >  Nyse  >  Ethan Allen Interiors Inc.    ETH

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Ethan Allen Interiors Inc. : Ethan Allen Brings a New Design Center Concept to Princeton, NJ

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03/01/2012 | 07:12pm CET

Danbury, Conn. - March 1, 2012 - Chairman, President and CEO of Ethan Allen, Farooq Kathwari, joined the Princeton Regional Chamber of Commerce to host a ribbon-cutting ceremony and fundraising event benefiting the Arts Council of Princeton on February 23, 2012. The festivities were in celebration of the grand opening of the new interactive Ethan Allen Design Center in Princeton. The interior of the 13,000-square-foot facility at 3524 Route One North (at Meadow Road) has been fully renovated.

"The new Design Center allows us to better showcase products from our 5 Signature Lifestyles. The majority of these products are new designs that we have launched since September of 2011-and with more to be released over the next few months, for a total of 60% of new products," said Mr. Kathwari. To get started on their design projects, clients are now able to use innovative design tools at the Design Center or at ethanallen.com/my projects, where they can design online and collaborate with design pros from the comfort of their own homes.

The grand opening event drew several notable guests, including Mayor Shing-Fu Hseuh of West Windsor Township; Mayor Yina Moore of Princeton Borough; Congressman Rush Holt; Princeton Chamber of Commerce President, Peter Crowley; and Executive Director of the Arts Council of Princeton, Jeff Nathanson. They and other guests mingled and toured the state-of-the-art facility, where the newest Ethan Allen products, arranged in eye-catching room displays, took center stage. Items up for silent auction included custom jewelry, original works of art, gift certificates for fine dining and spa services, and furnishings from the company's own 5 Signature Lifestyles. All proceeds from the auction went to the Arts Council of Princeton in support of their mission to build community through the arts.

Noting that Ethan Allen has been part of the American landscape for nearly 80 years and that the company values every community it serves, Mr. Kathwari added, "We appreciate the warm response we have received from our friends in Princeton and the surrounding communities. Our focus on providing not only diversity of style and good value but also complimentary design service and white-glove home delivery continues to set us apart from the rest. We look forward to the continued expansion of our Design Center network in the months ahead."

Ethan Allen plans to open new Design Centers in the U.S. and abroad this year.

About Ethan Allen
Ethan Allen Interiors Inc. (NYSE:ETH) is a leading interior design company and manufacturer and retailer of quality home furnishings. The company offers free 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 seven manufacturing facilities in North America, including five manufacturing plants and one sawmill in the United States and one manufacturing plant in Mexico. Approximately seventy percent of its products are made in its United States plants.ethanallen.com.

Media Contact:
November Rawlings
203-743-8293
nrawlings@ethanalleninc.com

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Financials ($)
Sales 2017 822 M
EBIT 2017 90,5 M
Net income 2017 57,0 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 18,28
P/E ratio 2018 15,97
EV / Sales 2017 1,25x
EV / Sales 2018 1,20x
Capitalization 1 030 M
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Ethan Allen Interiors Inc. Technical Analysis Chart | ETH | US2976021046 | 4-Traders
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Mean consensus HOLD
Number of Analysts 8
Average target price 36,3 $
Spread / Average Target -2,7%
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Managers
NameTitle
M. Farooq Kathwari Chairman, President & Chief Executive Officer
Corey Whitely CFO, Treasurer & Executive VP-Administration
Clinton A. Clark Independent Director
James W. Schmotter Independent Director
John J. Dooner Lead Independent Director
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