La-Z-Boy Incorporated (LZB) Short Interest Update
La-Z-Boy Incorporated (NYSE:LZB) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,944,111 shares, a growth of 44.9% from the October 13th total of 1,342,113 shares. Based on an average daily volume of 449,711 shares, the days-to-cover ratio is currently 4.3 days. Approximately 4.1% of the shares of the company are sold short.
Shares of La-Z-Boy (NYSE:LZB) opened at $26.90 on Thursday. La-Z-Boy has a one year low of $23.15 and a one year high of $34.10. The stock has a market cap of $1,309.16, a price-to-earnings ratio of 15.85 and a beta of 0.97.
La-Z-Boy (NYSE:LZB) last announced its quarterly earnings data on Tuesday, August 22nd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $357.10 million during the quarter, compared to analysts’ expectations of $359.34 million. La-Z-Boy had a net margin of 5.45% and a return on equity of 14.18%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. research analysts anticipate that La-Z-Boy will post 1.73 earnings per share for the current year.
A number of equities research analysts recently issued reports on LZB shares. ValuEngine raised shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. KeyCorp reissued a “buy” rating and issued a $36.00 price target on shares of La-Z-Boy in a research note on Friday, November 10th. Sidoti cut shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of La-Z-Boy from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, BidaskClub cut shares of La-Z-Boy from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $33.00.
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La-Z-Boy Company Profile
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
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