La-Z-Boy Inc. Sets New 1-Year High at $22.92 (LZB)
La-Z-Boy (NYSE:LZB) set a new 52-week high during trading on Tuesday, AnalystRatingsNetwork reports. The stock traded as high as $22.92 and last traded at $22.83, with a volume of 396,649 shares. The stock had previously closed at $22.64.
A number of analysts have recently weighed in on LZB shares. Analysts at Zacks upgraded shares of La-Z-Boy (NYSE:LZB) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 29th. They now have a $23.10 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of La-Z-Boy (NYSE:LZB) from $24.00 to $25.00 in a research note to investors on Wednesday, August 21st. They now have a “strong-buy” rating on the stock. Finally, analysts at Sidoti downgraded shares of La-Z-Boy (NYSE:LZB) from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 15th.
Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $24.78.
La-Z-Boy has a one year low of $13.30 and a one year high of $22.93. The stock has a 50-day moving average of $21.47 and a 200-day moving average of $19.57. The company has a market cap of $1.201 billion and a price-to-earnings ratio of 23.86.
La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.03. The company had revenue of $318.90 million for the quarter, compared to the consensus estimate of $323.02 million. During the same quarter last year, the company posted $0.08 earnings per share. La-Z-Boy’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that La-Z-Boy will post $1.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 10th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Wednesday, August 28th.
La-Z-Boy Incorporated is a global producer of reclining chairs. The Company manufactures, markets, imports, distributes and retails upholstery products, accessories and casegoods (NYSE:LZB) furniture products.
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