La-Z-Boy Receives “Strong-Buy” Rating from Raymond James (LZB)
La-Z-Boy (NYSE:LZB)‘s stock had its “strong-buy” rating reaffirmed by Raymond James in a research note issued on Wednesday. They currently have a $32.00 price target on the stock, down from their previous price target of $34.50. Raymond James’ target price points to a potential upside of 28.82% from the company’s current price.
Separately, analysts at Barrington Research initiated coverage on shares of La-Z-Boy in a research note on Monday, June 2nd. They set an “outperform” rating and a $30.00 price target on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $30.62.
Shares of La-Z-Boy (NYSE:LZB) traded down 8.78% on Wednesday, hitting $22.66. 1,917,300 shares of the company’s stock traded hands. La-Z-Boy has a one year low of $18.05 and a one year high of $31.22. The stock’s 50-day moving average is $24.65 and its 200-day moving average is $26.76. The company has a market cap of $1.186 billion and a price-to-earnings ratio of 22.14.
La-Z-Boy (NYSE:LZB) last released its earnings data on Tuesday, June 17th. The company reported $0.33 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.33. The company had revenue of $353.00 million for the quarter, compared to the consensus estimate of $369.20 million. During the same quarter last year, the company posted $0.30 earnings per share. La-Z-Boy’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that La-Z-Boy will post $1.46 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.