La-Z-Boy Incorporated Declares Quarterly Dividend of $0.06 (LZB)
La-Z-Boy (NYSE:LZB) announced a quarterly dividend on Tuesday, August 19th, Analyst Ratings News reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.06 per share on Wednesday, September 10th. This represents a $0.24 annualized dividend and a dividend yield of 1.03%.
A number of research firms have recently commented on LZB. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of La-Z-Boy in a research note on Monday, July 21st. They now have a $29.00 price target on the stock, down previously from $31.00. On the ratings front, analysts at BB&T Corp. upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Thursday, June 19th. They now have a $27.00 price target on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of La-Z-Boy in a research note on Wednesday, June 18th. They now have a $32.00 price target on the stock, down previously from $34.50. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. La-Z-Boy has an average rating of “Buy” and a consensus price target of $29.50.
Shares of La-Z-Boy (NYSE:LZB) traded up 2.79% during mid-day trading on Tuesday, hitting $23.22. 815,124 shares of the company’s stock traded hands. La-Z-Boy has a one year low of $20.28 and a one year high of $31.22. The stock has a 50-day moving average of $21.9 and a 200-day moving average of $24.62. The company has a market cap of $1.204 billion and a price-to-earnings ratio of 22.17.
La-Z-Boy (NYSE:LZB) last released its earnings data on Tuesday, August 19th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The company had revenue of $327.00 million for the quarter, compared to the consensus estimate of $321.28 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts predict that La-Z-Boy will post $1.40 earnings per share 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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