La-Z-Boy Incorporated (NYSE:LZB) – Stock analysts at KeyCorp issued their Q1 2021 earnings estimates for La-Z-Boy in a research note issued to investors on Wednesday, June 24th. KeyCorp analyst B. Thomas expects that the company will earn ($0.28) per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for La-Z-Boy’s Q3 2021 earnings at $0.72 EPS and Q4 2021 earnings at $0.60 EPS.
A number of other research firms have also recently weighed in on LZB. Stifel Nicolaus lifted their price target on La-Z-Boy from $25.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, June 25th. TheStreet cut La-Z-Boy from a “b-” rating to a “c” rating in a report on Friday, March 6th. ValuEngine raised La-Z-Boy from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Zacks Investment Research cut La-Z-Boy from a “buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Sidoti boosted their target price on La-Z-Boy from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.25.
LZB opened at $27.01 on Monday. The business’s 50 day moving average is $26.09 and its 200-day moving average is $26.90. The stock has a market cap of $1.20 billion, a PE ratio of 16.37 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. La-Z-Boy has a twelve month low of $15.61 and a twelve month high of $37.48.
La-Z-Boy (NYSE:LZB) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.29. The company had revenue of $367.30 million for the quarter, compared to analysts’ expectations of $384.96 million. La-Z-Boy had a return on equity of 14.17% and a net margin of 4.55%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Silvercrest Asset Management Group LLC increased its holdings in shares of La-Z-Boy by 11.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 2,698,395 shares of the company’s stock valued at $55,451,000 after buying an additional 284,010 shares in the last quarter. State Street Corp increased its holdings in shares of La-Z-Boy by 6.3% in the first quarter. State Street Corp now owns 1,484,012 shares of the company’s stock valued at $30,496,000 after buying an additional 87,306 shares in the last quarter. Norges Bank bought a new position in shares of La-Z-Boy in the fourth quarter valued at $33,163,000. Geode Capital Management LLC increased its holdings in shares of La-Z-Boy by 6.3% in the first quarter. Geode Capital Management LLC now owns 732,051 shares of the company’s stock valued at $15,043,000 after buying an additional 43,510 shares in the last quarter. Finally, Tributary Capital Management LLC increased its holdings in shares of La-Z-Boy by 43.8% in the first quarter. Tributary Capital Management LLC now owns 596,246 shares of the company’s stock valued at $12,253,000 after buying an additional 181,726 shares in the last quarter. 89.75% of the stock is currently owned by institutional investors.
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas.
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