News stories about La-Z-Boy (NYSE:LZB) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. La-Z-Boy earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.9789604407042 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
LZB stock opened at $30.35 on Wednesday. La-Z-Boy has a twelve month low of $23.15 and a twelve month high of $34.25. The company has a market capitalization of $1,437.93, a P/E ratio of 19.84 and a beta of 0.84.
La-Z-Boy (NYSE:LZB) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.21). La-Z-Boy had a return on equity of 13.96% and a net margin of 4.74%. The business had revenue of $413.64 million during the quarter, compared to analysts’ expectations of $402.67 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. analysts anticipate that La-Z-Boy will post 1.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, March 6th were issued a $0.12 dividend. The ex-dividend date was Monday, March 5th. This represents a $0.48 dividend on an annualized basis and a yield of 1.58%. La-Z-Boy’s dividend payout ratio is presently 31.37%.
A number of research analysts have recently weighed in on LZB shares. ValuEngine cut La-Z-Boy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut La-Z-Boy from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of La-Z-Boy in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. La-Z-Boy presently has an average rating of “Hold” and a consensus price target of $33.50.
In related news, VP Louis M. Riccio, Jr. sold 65,910 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $31.72, for a total value of $2,090,665.20. Following the transaction, the vice president now directly owns 95,342 shares of the company’s stock, valued at approximately $3,024,248.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Douglas Collier sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $31.71, for a total value of $126,840.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,910 shares of company stock worth $2,595,625. 3.17% of the stock is owned by insiders.
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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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