La-Z-Boy Inc. (NYSE: LZB): Stock That Needs Special Handling

Currently, there are 42.44M common shares owned by the public and among those 41.36M shares have been available to trade.

The company’s stock has a 5-day price change of -1.53% and 8.13% over the past three months. LZB shares are trading 9.89% year to date (YTD), with the 12-month market performance up to 31.68% higher. It has a 12-month low price of $27.92 and touched a high of $45.23 over the same period. LZB has an average intraday trading volume of 546.32K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.69%, 0.28%, and 10.35% respectively.

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Institutional ownership of La-Z-Boy Inc. (NYSE: LZB) shares accounts for 100.45% of the company’s 42.44M shares outstanding.

It has a market capitalization of $1.70B and a beta (3y monthly) value of 1.30. The stock’s trailing 12-month PE ratio is 14.39, while the earnings-per-share (ttm) stands at $2.82. The company has a PEG of 1.85 and a Quick Ratio of 1.28 with the debt-to-equity ratio at 0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.13% over the week and 2.97% over the month.

Earnings per share for the fiscal year are expected to decrease by -0.67%, and 13.96% over the next financial year. EPS should shrink at an annualized rate of 7.80% over the next five years, compared to 14.43% over the past 5-year period.

Looking at the support for the LZB, a number of firms have released research notes about the stock. Sidoti stated their Neutral rating for the stock in a research note on August 21, 2024, with the firm’s price target at $43. Sidoti was of a view on October 19, 2020 that the stock is Buy, while Sidoti gave the stock Buy rating on March 09, 2020, issuing a price target of $36. CFRA on their part issued Hold rating on February 25, 2020.

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