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La-Z-Boy Incorporated (LZB) – Don’t Be So Quick to Call it Dead

La-Z-Boy Incorporated (NYSE: LZB) is 25.55% higher on its value in year-to-date trading and has touched a low of $21.92 and a high of $33.06 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LZB stock was last observed hovering at around $29.19 in the last trading session, with the day’s loss setting it -0.54% off its average median price target of $43.00 for the next 12 months. It is also 33.37% off the consensus price target high of $43.00 offered by 3 analysts, but current levels are 33.37% higher than the price target low of $43.00 for the same period.

Currently trading at $28.65, the stock is -6.20% and 1.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -1.85% at the moment leaves the stock 9.95% off its SMA200. LZB registered 0.53% gain for a year compared to 6-month gain of 15.62%.

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The stock witnessed a 0.84% loss in the last 1 month and extending the period to 3 months gives it a 18.58%, and is -7.13% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.54% over the week and 2.91% over the month.

La-Z-Boy Incorporated (LZB) has around 12800 employees, a market worth around $1.25B and $2.47B in sales. Current P/E ratio is 7.12 and Fwd P/E is 9.50. Profit margin for the company is 7.00%. Distance from 52-week low is 30.70% and -13.34% from its 52-week high. The company has generated returns on investments over the last 12 months (18.90%).

La-Z-Boy Incorporated (LZB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for La-Z-Boy Incorporated (LZB) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

La-Z-Boy Incorporated is expected to release its quarterly report on 06/20/2023.The EPS is expected to grow by 47.60% this year

La-Z-Boy Incorporated (LZB) Top Institutional Holders

The shares outstanding are 43.14M, and float is at 42.71M with Short Float at 7.67%.

La-Z-Boy Incorporated (LZB) Insider Activity

A total of 3 insider transactions have happened at La-Z-Boy Incorporated (LZB) in the last six months, with sales accounting for 3 and purchases happening 0 times.

La-Z-Boy Incorporated (LZB): Who are the competitors?

The company’s main competitors (and peers) include Ethan Allen Interiors Inc. (ETD) that is trading 5.21% up over the past 12 months and Sleep Number Corporation (SNBR) that is -53.75% lower over the same period. Flexsteel Industries Inc. (FLXS) is 7.36% up on the 1-year trading charts.

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