La-Z-Boy Incorporated (NYSE:LZB) – Equities researchers at KeyCorp issued their Q1 2021 earnings per share (EPS) estimates for La-Z-Boy in a research note issued to investors on Wednesday, June 24th. KeyCorp analyst B. Thomas forecasts that the company will earn ($0.28) per share for the quarter. KeyCorp 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.
LZB has been the topic of several other reports. Sidoti boosted their price target on La-Z-Boy from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Stifel Nicolaus upped their target price on La-Z-Boy from $25.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, June 25th. ValuEngine upgraded La-Z-Boy from a “sell” rating to a “hold” rating in a report on Monday, June 1st. TheStreet cut La-Z-Boy from a “b-” rating to a “c” rating in a report on Friday, March 6th. Finally, Zacks Investment Research lowered La-Z-Boy from a “buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.25.
NYSE:LZB opened at $27.01 on Monday. The stock has a market cap of $1.20 billion, a P/E 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. The stock’s 50-day moving average is $26.14 and its 200-day moving average is $26.88. La-Z-Boy has a 1-year low of $15.61 and a 1-year high of $37.48.
La-Z-Boy (NYSE:LZB) last announced its earnings results on Tuesday, June 23rd. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.20 by $0.29. The firm had revenue of $367.30 million for the quarter, compared to the consensus estimate of $384.96 million. La-Z-Boy had a net margin of 4.55% and a return on equity of 14.17%. The business’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS.
A number of institutional investors and hedge funds have recently modified their holdings of LZB. Aigen Investment Management LP grew its holdings in La-Z-Boy by 1,316.3% during the first quarter. Aigen Investment Management LP now owns 1,388 shares of the company’s stock valued at $29,000 after purchasing an additional 1,290 shares during the period. Americana Partners LLC acquired a new stake in shares of La-Z-Boy in the 4th quarter worth $51,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of La-Z-Boy by 31.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,165 shares of the company’s stock worth $86,000 after purchasing an additional 996 shares in the last quarter. Penserra Capital Management LLC raised its stake in La-Z-Boy by 86.0% in the 4th quarter. Penserra Capital Management LLC now owns 2,864 shares of the company’s stock worth $88,000 after acquiring an additional 1,324 shares during the last quarter. Finally, Advisor Group Holdings Inc. purchased a new position in La-Z-Boy in the 1st quarter worth $136,000. 89.75% of the stock is currently owned by hedge funds and other 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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