La-Z-Boy (LZB) Given Daily Media Impact Score of 0.12
Press coverage about La-Z-Boy (NYSE:LZB) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. La-Z-Boy earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.7523864806682 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- La-Z-Boy Incorporated (NYSE:LZB) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- La-Z-Boy Announces Fiscal 2018 First-Quarter Conference Call (finance.yahoo.com)
- La-Z-Boy (NYSE:LZB) versus Bassett Furniture Industries, (BSET) Head to Head Review (americanbankingnews.com)
- The Tutor Perini Corporation (NYSE:TPC) Upgraded to “Hold” by BidaskClub (lazeresportes.com)
- See what the IHS Markit Score report has to say about La-Z-Boy Inc. (finance.yahoo.com)
Several equities research analysts recently issued reports on LZB shares. BidaskClub cut shares of La-Z-Boy from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Sidoti cut shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of La-Z-Boy from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. La-Z-Boy presently has an average rating of “Hold” and an average price target of $32.50.
La-Z-Boy (LZB) traded up 0.15% during midday trading on Friday, reaching $32.35. 351,136 shares of the company traded hands. The firm has a market capitalization of $1.56 billion, a PE ratio of 18.70 and a beta of 0.85. La-Z-Boy has a 12 month low of $22.09 and a 12 month high of $34.10. The company’s 50-day moving average price is $32.40 and its 200 day moving average price is $28.94.
La-Z-Boy (NYSE:LZB) last announced its earnings results on Tuesday, June 20th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.11. La-Z-Boy had a net margin of 5.65% and a return on equity of 14.82%. The firm had revenue of $412.70 million during the quarter, compared to the consensus estimate of $400.25 million. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that La-Z-Boy will post $1.86 earnings per share for the current year.
La-Z-Boy declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, June 20th that permits the company to repurchase 6,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
In related news, Chairman Kurt L. Darrow sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $31.52, for a total value of $3,152,000.00. Following the completion of the transaction, the chairman now owns 531,773 shares of the company’s stock, valued at approximately $16,761,484.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Louis M. Riccio, Jr. sold 37,504 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $32.35, for a total transaction of $1,213,254.40. Following the completion of the transaction, the vice president now directly owns 123,354 shares of the company’s stock, valued at approximately $3,990,501.90. The disclosure for this sale can be found here. Insiders own 3.17% of the company’s stock.
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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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