News articles about La-Z-Boy (NYSE:LZB) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. La-Z-Boy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.6441101414899 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
A number of equities analysts have recently issued reports on LZB shares. Stifel Nicolaus reiterated a “hold” rating on shares of La-Z-Boy in a research report on Friday, December 1st. ValuEngine raised shares of La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th. 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. Finally, KeyCorp reiterated a “buy” rating and issued a $36.00 price target on shares of La-Z-Boy in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. La-Z-Boy currently has a consensus rating of “Hold” and an average target price of $33.00.
Shares of La-Z-Boy (NYSE LZB) opened at $31.55 on Friday. The company has a market cap of $1,470.00, a price-to-earnings ratio of 18.13 and a beta of 1.03. La-Z-Boy has a 12 month low of $23.15 and a 12 month high of $34.25.
La-Z-Boy (NYSE:LZB) last announced its quarterly earnings results on Wednesday, November 29th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $393.20 million during the quarter, compared to analysts’ expectations of $390.03 million. La-Z-Boy had a net margin of 5.53% and a return on equity of 14.33%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. equities research analysts expect that La-Z-Boy will post 1.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Monday, December 11th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.52%. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, December 8th. La-Z-Boy’s dividend payout ratio (DPR) is currently 27.59%.
In other La-Z-Boy news, insider John Douglas Collier sold 4,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $31.71, for a total value of $126,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Otis S. Sawyer sold 12,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 60,238 shares in the company, valued at $1,898,099.38. The disclosure for this sale can be found here. 3.17% of the stock is currently owned by company insiders.
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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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