La-Z-Boy Inc. (NYSE: LZB) has a price-to-earnings ratio of 14.34x that is above its average ratio. Additionally, the 36-month beta value for LZB is 1.30. 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.”
The public float for LZB is 41.54M and currently, short sellers hold a 6.34% ratio of that float. The average trading volume of LZB on August 21, 2024 was 513.00K shares.
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LZB) stock’s latest price update
La-Z-Boy Inc. (NYSE: LZB)’s stock price has decreased by -2.77 compared to its previous closing price of 41.87. However, the company has seen a 0.64% increase in its stock price over the last five trading sessions. zacks.com reported 2024-08-20 that La-Z-Boy (LZB) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.62 per share a year ago.
LZB’s Market Performance
La-Z-Boy Inc. (LZB) has experienced a 0.64% rise in stock performance for the past week, with a -4.07% drop in the past month, and a 13.75% rise in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are at 3.11% for LZB. The simple moving average for the past 20 days is -3.49% for LZB’s stock, with a 11.84% simple moving average for the past 200 days.
Analysts’ Opinion of LZB
Sidoti gave a rating of “Buy” to LZB, setting the target price at $45 in the report published on October 19th of the previous year.
LZB Trading at 2.49% 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 -9.99% of loss for the given period.
Volatility was left at 3.11%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares sank -0.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.74% upper at present.
During the last 5 trading sessions, LZB rose by +1.68%, which changed the moving average for the period of 200-days by +39.00% in comparison to the 20-day moving average, which settled at $42.17. In addition, La-Z-Boy Inc. saw 10.27% 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:
- 0.06 for the present operating margin
- 0.38 for the gross margin
The net margin for La-Z-Boy Inc. stands at 0.05. 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 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 1218.21.
Currently, EBITDA for the company is 278.37 million with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.79. The receivables turnover for the company is 19.36for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.91.
Conclusion
In conclusion, La-Z-Boy Inc. (LZB) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
