Somewhat Favorable Media Coverage Somewhat Unlikely to Impact La-Z-Boy (LZB) Share Price

Media headlines about La-Z-Boy (NYSE:LZB) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. La-Z-Boy earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.0390183485763 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Several research firms recently weighed in on LZB. ValuEngine downgraded shares of La-Z-Boy from a “buy” rating to a “hold” rating in a report on Monday, April 9th. Zacks Investment Research raised shares of La-Z-Boy from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.50.

Shares of NYSE LZB opened at $29.20 on Friday. La-Z-Boy has a twelve month low of $23.15 and a twelve month high of $34.25. The stock has a market capitalization of $1,386.15, a price-to-earnings ratio of 16.88 and a beta of 0.85.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.21). La-Z-Boy had a net margin of 4.74% and a return on equity of 13.96%. The business had revenue of $413.64 million during the quarter, compared to analyst estimates of $402.67 million. During the same period in the previous year, the company posted $0.47 earnings per share. La-Z-Boy’s revenue was up 6.1% compared to the same quarter last year. equities research analysts anticipate that La-Z-Boy will post 1.85 earnings per share for the current fiscal year.

In other La-Z-Boy news, VP Louis M. Riccio, Jr. sold 65,910 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $31.72, for a total value of $2,090,665.20. Following the completion of the sale, the vice president now directly owns 95,342 shares of the company’s stock, valued at approximately $3,024,248.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.17% of the stock is currently owned by corporate insiders.

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La-Z-Boy Company Profile

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.

Insider Buying and Selling by Quarter for La-Z-Boy (NYSE:LZB)

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