News headlines about La-Z-Boy (NYSE:LZB) have been trending somewhat positive on Friday, Alpha One reports. The research group, a division of Accern, rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. La-Z-Boy earned a daily sentiment score of 0.23 on Alpha One’s scale. Alpha One also gave news stories about the company an impact score of 47 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities analysts recently weighed in on the company. Zacks Investment Research lowered La-Z-Boy from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Stifel Nicolaus lowered La-Z-Boy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $33.00 to $30.00 in a research report on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.67.
Shares of La-Z-Boy (NYSE:LZB) traded up 0.462% during midday trading on Friday, hitting $27.175. The stock had a trading volume of 119,968 shares. La-Z-Boy has a one year low of $22.09 and a one year high of $32.90. The company has a market capitalization of $1.33 billion, a PE ratio of 16.974 and a beta of 0.89. The firm’s 50-day moving average is $27.70 and its 200 day moving average is $28.24.
La-Z-Boy (NYSE:LZB) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.45 by $0.02. La-Z-Boy had a return on equity of 14.79% and a net margin of 5.22%. The firm had revenue of $390 million during the quarter, compared to analysts’ expectations of $392.84 million. During the same period in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts expect that La-Z-Boy will post $1.64 earnings per share for the current fiscal year.
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 dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.44 annualized dividend and a yield of 1.63%. La-Z-Boy’s dividend payout ratio (DPR) is presently 27.85%.
La-Z-Boy Company Profile
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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