La-Z-Boy (LZB) Earns Daily Coverage Optimism Score of 0.13
Media coverage about La-Z-Boy (NYSE:LZB) has been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. The research firm, a division of Accern, rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. La-Z-Boy earned a media sentiment score of 0.13 on AlphaOne’s scale. AlphaOne also gave news coverage about the company an impact score of 64 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Alpha One Sentiment’s rankings:
- Why La-Z-Boy Looks Undervalued Ahead of Earnings (benzinga.com)
- United States Recliner Sofa Market Size, Trends & Forecasts 2017-2021 – Key Players are Man Wah, Ashley Furniture, La-Z-Boy Inc. and Catnapper – Research and Markets (businesswire.com)
- La-Z-Boy: Undervalued Ahead Of Earnings (seekingalpha.com)
- La-Z-Boy, Inc. breached its 50 day moving average in a Bullish Manner : LZB-US : June 13, 2017 (finance.yahoo.com)
- La-Z-Boy Announces Fiscal 2017 Fourth-Quarter Conference Call (finance.yahoo.com)
Several research firms have recently commented on LZB. Stifel Nicolaus lowered shares of La-Z-Boy from a “buy” rating to a “hold” rating and lowered their price target for the company from $33.00 to $30.00 in a research report on Wednesday, February 22nd. Zacks Investment Research upgraded shares of La-Z-Boy from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. La-Z-Boy currently has an average rating of “Hold” and an average price target of $29.67.
Shares of La-Z-Boy (NYSE:LZB) traded up 1.45% during trading on Wednesday, hitting $28.05. 302,928 shares of the company traded hands. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 17.52 and a beta of 0.77. La-Z-Boy has a one year low of $22.09 and a one year high of $32.90. The firm has a 50 day moving average price of $27.65 and a 200-day moving average price of $28.51.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Tuesday, May 30th. La-Z-Boy’s payout ratio is currently 27.16%.
La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.
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