BB&T Corp. Upgrades La-Z-Boy to Buy (LZB)
La-Z-Boy (NYSE:LZB) was upgraded by research analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on LZB. Analysts at Raymond James reiterated a “strong-buy” rating on shares of La-Z-Boy in a research note on Wednesday. They now have a $32.00 price target on the stock, down previously from $34.50. 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, four have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.62.
La-Z-Boy (NYSE:LZB) opened at 22.84 on Thursday. La-Z-Boy has a one year low of $18.05 and a one year high of $31.22. The stock has a 50-day moving average of $24.60 and a 200-day moving average of $26.73. The company has a market cap of $1.195 billion and a P/E ratio of 22.14.
La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Tuesday, June 17th. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. 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.