La-Z-Boy Inc. (NYSE: LZB)’s stock price has soared by 2.44 in relation to previous closing price of 41.41. Nevertheless, the company has seen a gain of 0.64% in its stock price over the last five trading days. zacks.com reported 2024-07-25 that Deteriorating U.S. consumer confidence and concerns for future business growth are concerns for the industry. Yet, focus product innovation & technological solutions raise hope for LZB, VIRC and SNBR.
Is It Worth Investing in La-Z-Boy Inc. (NYSE: LZB) Right Now?
The price-to-earnings ratio for La-Z-Boy Inc. (NYSE: LZB) is above average at 14.94x. The 36-month beta value for LZB is also noteworthy at 1.28. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for LZB is 41.59M, and at present, short sellers hold a 6.30% of that float. The average trading volume of LZB on July 26, 2024 was 474.94K shares.
LZB’s Market Performance
LZB’s stock has seen a 0.64% increase for the week, with a 13.82% rise in the past month and a 24.62% gain in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 2.82% for La-Z-Boy Inc. The simple moving average for the last 20 days is 8.11% for LZB’s stock, with a simple moving average of 20.62% for the last 200 days.
Analysts’ Opinion of LZB
Sidoti, on the other hand, stated in their research note that they expect to see LZB reach a price target of $45. The rating they have provided for LZB stocks is “Buy” according to the report published on October 19th, 2020.
Sidoti gave a rating of “Buy” to LZB, setting the target price at $36 in the report published on March 09th of the previous year.
LZB Trading at 13.45% from the 50-Day Moving Average
After a stumble in the market that brought LZB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.22% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares surge +15.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.76% upper at present.
During the last 5 trading sessions, LZB rose by +0.64%, which changed the moving average for the period of 200-days by +41.83% in comparison to the 20-day moving average, which settled at $39.52. In addition, La-Z-Boy Inc. saw 14.90% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LZB starting from Leggett Michael Adam, who sale 3,077 shares at the price of $37.08 back on Mar 21 ’24. After this action, Leggett Michael Adam now owns 21,519 shares of La-Z-Boy Inc., valued at $114,087 using the latest closing price.
KERR JANET, the Director of La-Z-Boy Inc., sale 4,582 shares at $30.86 during a trade that took place back on Sep 25 ’23, which means that KERR JANET is holding 3,890 shares at $141,409 based on the most recent closing price.
Stock Fundamentals for LZB
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.43 for the gross margin
The net margin for La-Z-Boy Inc. stands at 0.06. The total capital return value is set at 0.1. Equity return is now at value 12.61, with 6.49 for asset returns.
Based on La-Z-Boy Inc. (LZB), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 334.06.
Currently, EBITDA for the company is 278.37 million with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 0.94. The receivables turnover for the company is 11.72for trailing twelve months and the total asset turnover is 1.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
In summary, La-Z-Boy Inc. (LZB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
