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3 Stocks Pushing The Consumer Durables Industry Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Consumer Durables industry as a whole closed the day down 1.2% versus the S&P 500, which was down 1.1%. Laggards within the Consumer Durables industry included Entertainment Gaming Asia ( EGT), down 2.2%, Koss ( KOSS), down 4.2%, SGOCO Group ( SGOC), down 4.7%, Marine Products ( MPX), down 3.9% and Elecsys ( ESYS), down 1.6%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:

Ethan Allen Interiors ( ETH) is one of the companies that pushed the Consumer Durables industry lower today. Ethan Allen Interiors was down $0.86 (3.7%) to $22.38 on heavy volume. Throughout the day, 398,751 shares of Ethan Allen Interiors exchanged hands as compared to its average daily volume of 206,600 shares. The stock ranged in price between $22.06-$23.22 after having opened the day at $23.21 as compared to the previous trading day's close of $23.24.

Ethan Allen Interiors Inc. designs, manufactures, sources, sells, and distributes a range of home furnishings and accessories; and provides home decorating and design solutions. The company operates in two segments, Wholesale and Retail. Ethan Allen Interiors has a market cap of $670.2 million and is part of the consumer goods sector. Shares are down 23.8% year-to-date as of the close of trading on Wednesday. Currently there are 2 analysts who rate Ethan Allen Interiors a buy, no analysts rate it a sell, and 5 rate it a hold.

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TheStreet Ratings rates Ethan Allen Interiors as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from TheStreet Ratings analysis on ETH go as follows:

  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Household Durables industry average. The net income increased by 20.2% when compared to the same quarter one year prior, going from $4.37 million to $5.26 million.
  • ETH's revenue growth trails the industry average of 17.7%. Since the same quarter one year prior, revenues slightly increased by 2.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The current debt-to-equity ratio, 0.37, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.94 is somewhat weak and could be cause for future problems.
  • ETHAN ALLEN INTERIORS INC has improved earnings per share by 20.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ETHAN ALLEN INTERIORS INC reported lower earnings of $1.12 versus $1.70 in the prior year. This year, the market expects an improvement in earnings ($1.35 versus $1.12).
  • The gross profit margin for ETHAN ALLEN INTERIORS INC is rather high; currently it is at 56.46%. Regardless of ETH's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, ETH's net profit margin of 3.03% compares favorably to the industry average.

You can view the full analysis from the report here: Ethan Allen Interiors Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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