Headlines about La-Z-Boy (NYSE:LZB) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. La-Z-Boy earned a news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.6441101414899 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- La-Z-Boy stays agile with lean foundation (assemblymag.com)
- Free Post Earnings Research Report: La-Z-Boy’s Sales Grew 4.4%; EPS Jumped 12% (finance.yahoo.com)
- La-Z-Boy Reaches $13.5M Settlement In Footrest Patent Case (law360.com)
- La-Z-Boy Incorporated (LZB) Insider John Douglas Collier Sells 4,000 Shares (americanbankingnews.com)
- Insider Selling: La-Z-Boy Incorporated (LZB) SVP Sells 12,000 Shares of Stock (americanbankingnews.com)
A number of brokerages recently weighed in on LZB. Zacks Investment Research upgraded shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating on shares of La-Z-Boy in a research note on Friday, December 1st. ValuEngine raised shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $36.00 price objective on shares of La-Z-Boy in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $33.00.
La-Z-Boy (LZB) opened at $31.90 on Friday. La-Z-Boy has a 52 week low of $23.15 and a 52 week high of $34.25. The company has a market cap of $1,510.00, a P/E ratio of 18.33 and a beta of 1.03.
La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Wednesday, November 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. La-Z-Boy had a net margin of 5.53% and a return on equity of 14.33%. The firm had revenue of $393.20 million during the quarter, compared to analyst estimates of $390.03 million. During the same quarter last year, the business posted $0.42 EPS. The company’s revenue was up 4.4% on a year-over-year basis. equities research analysts predict that La-Z-Boy will post 1.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Monday, December 11th were paid a $0.12 dividend. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, December 8th. This represents a $0.48 dividend on an annualized basis and a yield of 1.50%. La-Z-Boy’s dividend payout ratio (DPR) is currently 27.59%.
In other La-Z-Boy news, SVP Otis S. Sawyer sold 12,000 shares of the stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $31.51, for a total value of $378,120.00. Following the completion of the sale, the senior vice president now owns 60,238 shares in the company, valued at approximately $1,898,099.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Douglas Collier sold 4,000 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $31.71, for a total transaction of $126,840.00. The disclosure for this sale can be found here. Company insiders own 3.17% of the company’s stock.
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
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