S&P 500   3,666.72 (-0.06%)
DOW   29,969.52 (+0.29%)
QQQ   304.28 (+0.14%)
AAPL   122.94 (-0.11%)
MSFT   214.24 (-0.52%)
FB   281.85 (-1.97%)
GOOGL   1,821.84 (-0.17%)
AMZN   3,186.73 (-0.52%)
TSLA   593.38 (+4.32%)
NVDA   535.84 (-1.10%)
BABA   266.91 (+2.14%)
CGC   28.63 (+1.60%)
GE   10.60 (+1.63%)
MU   69.90 (+1.14%)
AMD   92.31 (-1.53%)
T   29.23 (+0.48%)
NIO   45.35 (-5.48%)
F   9.21 (+0.11%)
ACB   11.24 (+2.65%)
NFLX   497.52 (-1.16%)
BA   237.20 (+5.96%)
GILD   60.86 (-0.44%)
DIS   153.24 (-0.24%)
S&P 500   3,666.72 (-0.06%)
DOW   29,969.52 (+0.29%)
QQQ   304.28 (+0.14%)
AAPL   122.94 (-0.11%)
MSFT   214.24 (-0.52%)
FB   281.85 (-1.97%)
GOOGL   1,821.84 (-0.17%)
AMZN   3,186.73 (-0.52%)
TSLA   593.38 (+4.32%)
NVDA   535.84 (-1.10%)
BABA   266.91 (+2.14%)
CGC   28.63 (+1.60%)
GE   10.60 (+1.63%)
MU   69.90 (+1.14%)
AMD   92.31 (-1.53%)
T   29.23 (+0.48%)
NIO   45.35 (-5.48%)
F   9.21 (+0.11%)
ACB   11.24 (+2.65%)
NFLX   497.52 (-1.16%)
BA   237.20 (+5.96%)
GILD   60.86 (-0.44%)
DIS   153.24 (-0.24%)
S&P 500   3,666.72 (-0.06%)
DOW   29,969.52 (+0.29%)
QQQ   304.28 (+0.14%)
AAPL   122.94 (-0.11%)
MSFT   214.24 (-0.52%)
FB   281.85 (-1.97%)
GOOGL   1,821.84 (-0.17%)
AMZN   3,186.73 (-0.52%)
TSLA   593.38 (+4.32%)
NVDA   535.84 (-1.10%)
BABA   266.91 (+2.14%)
CGC   28.63 (+1.60%)
GE   10.60 (+1.63%)
MU   69.90 (+1.14%)
AMD   92.31 (-1.53%)
T   29.23 (+0.48%)
NIO   45.35 (-5.48%)
F   9.21 (+0.11%)
ACB   11.24 (+2.65%)
NFLX   497.52 (-1.16%)
BA   237.20 (+5.96%)
GILD   60.86 (-0.44%)
DIS   153.24 (-0.24%)
S&P 500   3,666.72 (-0.06%)
DOW   29,969.52 (+0.29%)
QQQ   304.28 (+0.14%)
AAPL   122.94 (-0.11%)
MSFT   214.24 (-0.52%)
FB   281.85 (-1.97%)
GOOGL   1,821.84 (-0.17%)
AMZN   3,186.73 (-0.52%)
TSLA   593.38 (+4.32%)
NVDA   535.84 (-1.10%)
BABA   266.91 (+2.14%)
CGC   28.63 (+1.60%)
GE   10.60 (+1.63%)
MU   69.90 (+1.14%)
AMD   92.31 (-1.53%)
T   29.23 (+0.48%)
NIO   45.35 (-5.48%)
F   9.21 (+0.11%)
ACB   11.24 (+2.65%)
NFLX   497.52 (-1.16%)
BA   237.20 (+5.96%)
GILD   60.86 (-0.44%)
DIS   153.24 (-0.24%)
Log in

La-Z-Boy (NYSE:LZB) Stock Rating Lowered by ValuEngine

Last updated on Monday, November 23, 2020 | 2020 MarketBeat

La-Z-Boy (NYSE:LZB) was downgraded by equities researchers at ValuEngine from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Monday, ValuEngine reports.

LZB has been the topic of a number of other reports. Sidoti raised shares of La-Z-Boy from a "neutral" rating to a "buy" rating and set a $45.00 price objective on the stock in a research note on Monday, October 19th. Raymond James raised their price target on shares of La-Z-Boy from $37.00 to $46.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of La-Z-Boy from a "hold" rating to a "buy" rating and set a $44.00 price target on the stock in a research note on Saturday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of "Hold" and a consensus target price of $43.00.

NYSE LZB traded down $0.54 during trading hours on Monday, reaching $38.78. The company's stock had a trading volume of 480,354 shares, compared to its average volume of 375,314. The stock has a market cap of $1.79 billion, a PE ratio of 28.31 and a beta of 1.20. La-Z-Boy has a fifty-two week low of $15.61 and a fifty-two week high of $42.69. The company's 50-day moving average is $35.69 and its two-hundred day moving average is $30.49.

La-Z-Boy (NYSE:LZB) last issued its quarterly earnings data on Monday, November 16th. The company reported $0.82 EPS for the quarter, beating the Zacks' consensus estimate of $0.50 by $0.32. La-Z-Boy had a net margin of 4.07% and a return on equity of 12.42%. As a group, equities research analysts forecast that La-Z-Boy will post 2.13 earnings per share for the current year.

In other news, COO Darrell Dewain Edwards sold 96,119 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $37.04, for a total transaction of $3,560,247.76. Also, SVP Otis S. Sawyer sold 49,546 shares of the stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $39.45, for a total transaction of $1,954,589.70. Following the transaction, the senior vice president now owns 80,985 shares in the company, valued at $3,194,858.25. The disclosure for this sale can be found here. Insiders have sold a total of 357,565 shares of company stock worth $13,696,745 over the last ninety days. 4.20% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Paloma Partners Management Co lifted its holdings in shares of La-Z-Boy by 26.7% during the 3rd quarter. Paloma Partners Management Co now owns 25,987 shares of the company's stock worth $823,000 after acquiring an additional 5,476 shares during the period. Cubist Systematic Strategies LLC raised its holdings in La-Z-Boy by 69.1% in the third quarter. Cubist Systematic Strategies LLC now owns 66,667 shares of the company's stock valued at $2,109,000 after buying an additional 27,243 shares during the period. Point72 Asset Management L.P. purchased a new position in La-Z-Boy in the third quarter valued at approximately $503,000. Squarepoint Ops LLC raised its holdings in La-Z-Boy by 76.5% in the third quarter. Squarepoint Ops LLC now owns 60,591 shares of the company's stock valued at $1,916,000 after buying an additional 26,255 shares during the period. Finally, Weld Capital Management LLC raised its holdings in La-Z-Boy by 139.7% in the third quarter. Weld Capital Management LLC now owns 18,801 shares of the company's stock valued at $595,000 after buying an additional 10,959 shares during the period. Institutional investors and hedge funds own 90.60% of the company's stock.

About La-Z-Boy

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.

See Also: Most Volatile Stocks

To view ValuEngine's full report, visit ValuEngine's official website.

Analyst Recommendations for La-Z-Boy (NYSE:LZB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Entertainment Stocks That Are Still Delighting Investors

2020 has created a real-life movie script that many production companies could have only dreamed of. But that dream has been a nightmare for many of the world’s leading entertainment stocks. Movie theaters and live entertainment venues remain shut down. The words “pent-up demand” have never resonated more. Consumers are desperate for ways to be entertained.

That may make it an odd time to consider looking at entertainment stocks. But that would be a mistake. In fact, some entertainment stocks have been among the biggest pandemic winners. This is a trend that is likely to continue as the holidays arrive. The phrase “home for the holidays” is likely to have a new meaning this year. That means consumers will still be looking for ways to be entertained. And now is the time for you to prepare your portfolio for that move.

To be clear, the novel coronavirus was not due to poor management from any company. And you can bet that in the future, many companies will leave some room in their balance sheet for future “acts of God.” But in the meantime, some entertainment stocks have been pandemic winners. And that means they will likely continue to be winners as long as the pandemic lingers.

View the "7 Entertainment Stocks That Are Still Delighting Investors".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.