Headlines about La-Z-Boy (NYSE:LZB) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. La-Z-Boy earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.8271361041241 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- La-Z-Boy Incorporated (LZB) Expected to Post Earnings of $0.45 Per Share (americanbankingnews.com)
- Four La-Z-Boy brands to show in one Las Vegas showroom (furnituretoday.com)
- Research Analysts Offer Predictions for La-Z-Boy Incorporated’s FY2019 Earnings (LZB) (americanbankingnews.com)
- $401.23 Million in Sales Expected for La-Z-Boy Incorporated (LZB) This Quarter (americanbankingnews.com)
- La-Z-Boy Incorporated (LZB) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several analysts have commented on LZB shares. ValuEngine upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. KeyCorp reaffirmed a “buy” rating and set a $36.00 target price on shares of La-Z-Boy in a research note on Friday, November 10th. Stifel Nicolaus reaffirmed a “hold” rating on shares of La-Z-Boy in a research note on Friday, December 1st. Finally, Zacks Investment Research raised shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.00.
Shares of La-Z-Boy (LZB) traded up $0.55 on Friday, hitting $32.10. 227,867 shares of the company traded hands, compared to its average volume of 417,661. La-Z-Boy has a 12 month low of $23.15 and a 12 month high of $34.25. The company has a market capitalization of $1,520.00, a P/E ratio of 18.45 and a beta of 1.03.
La-Z-Boy (NYSE:LZB) last posted its earnings results on Wednesday, November 29th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. La-Z-Boy had a net margin of 5.53% and a return on equity of 14.33%. The business had revenue of $393.20 million during the quarter, compared to the consensus estimate of $390.03 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. equities research analysts anticipate that La-Z-Boy will post 1.78 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 11th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, December 8th. This is a boost from La-Z-Boy’s previous quarterly dividend of $0.11. La-Z-Boy’s dividend payout ratio (DPR) is currently 27.59%.
In related news, SVP Otis S. Sawyer sold 12,000 shares of La-Z-Boy stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $31.51, for a total transaction of $378,120.00. Following the transaction, the senior vice president now owns 60,238 shares in the company, valued at approximately $1,898,099.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Douglas Collier sold 4,000 shares of La-Z-Boy stock in a transaction on Friday, December 29th. The shares were sold at an average price of $31.71, for a total transaction of $126,840.00. The disclosure for this sale can be found here. Company insiders own 3.17% of the company’s stock.
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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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