La-Z-Boy Price Target Increased to $30.00 by Analysts at Stifel Nicolaus (LZB)
Research analysts at Stifel Nicolaus lifted their target price on shares of La-Z-Boy (NYSE:LZB) from $27.00 to $30.00 in a report released on Thursday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 30.78% from the company’s current price.
A number of other firms have also recently commented on LZB. 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.28.
Shares of La-Z-Boy (NYSE:LZB) traded up 0.42% on Thursday, hitting $23.0358. The stock had a trading volume of 23,829 shares. La-Z-Boy has a 1-year low of $13.30 and a 1-year high of $24.42. The stock’s 50-day moving average is $22.21 and its 200-day moving average is $20.07. The company has a market cap of $1.208 billion and a price-to-earnings ratio of 24.17.
La-Z-Boy (NYSE:LZB) last announced its earnings results 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. Analysts expect that La-Z-Boy will post $1.17 EPS for the current fiscal year.
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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