La-Z-Boy Inc (NYSE: LZB) is -10.31% lower on its value in year-to-date trading and has touched a low of $32.00 and a high of $48.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LZB stock was last observed hovering at around $38.72 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $39.08, the stock is -6.37% and -10.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 0.93% at the moment leaves the stock -6.46% off its SMA200. LZB registered 9.19% gain for a year compared to 6-month gain of -9.18%. The firm has a 50-day simple moving average (SMA 50) of $43.9024 and a 200-day simple moving average (SMA200) of $41.7789.
The stock witnessed a -17.05% loss in the last 1 month and extending the period to 3 months gives it a -12.38%, and is 1.96% up 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 3.23% over the week and 3.23% over the month.
La-Z-Boy Inc (LZB) has around 10200 employees, a market worth around $1.61B and $2.09B in sales. Current P/E ratio is 13.40 and Fwd P/E is 11.94. Profit margin for the company is 5.92%. Distance from 52-week low is 22.13% and -19.10% from its 52-week high. The company has generated returns on investments over the last 12 months (8.67%).
with sales reaching $558.21M over the same period.The EPS is expected to shrink by -1.12% this year, but quarterly earnings will post 2.42% year-over-year. Quarterly sales are estimated to grow 0.84% in year-over-year returns.
344.0 institutions hold shares in La-Z-Boy Inc (LZB), with institutional investors hold 102.60% of the company’s shares. The shares outstanding are 41.41M, and float is at 40.75M with Short Float at 5.50%. Institutions hold 101.85% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.04 million shares valued at $187.78 million. The investor’s holdings represent 11.9779 of the LZB Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 3.13 million shares valued at $116.79 million to account for 7.4498 of the shares outstanding. The other top investors are LSV ASSET MANAGEMENT which holds 1.76 million shares representing 4.1919 and valued at over $65.72 million, while STATE STREET CORP holds 3.9596 of the shares totaling 1.67 million with a market value of $62.07 million.
La-Z-Boy Inc (LZB) Insider Activity
The most recent transaction is an insider sale by KERR JANET, the company’s Director. SEC filings show that KERR JANET sold 3,890 shares of the company’s common stock on Sep 05 ’24 at a price of $40.89 per share for a total of $0.16 million. Following the sale, the insider now owns 3372.0 shares.
Still, SEC filings show that on Aug 26 ’24, McCurry Jennifer Lynn (Chief Accounting Officer) disposed off 4,414 shares at an average price of $41.31 for $0.18 million. The insider now directly holds 13,236 shares of La-Z-Boy Inc (LZB).
