La-Z-Boy (LZB) Given Media Impact Score of 0.03
News articles about La-Z-Boy (NYSE:LZB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. La-Z-Boy earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.7584149963129 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- La-Z-Boy Incorporated (LZB) Announces $0.11 Quarterly Dividend (americanbankingnews.com)
- La-Z-Boy’s net income drops 15 percent, considers selling on Amazon (woodworkingnetwork.com)
- La Z Boy Incorporated : Kevin Steele creates the ‘turnover of the day’ recliner to change culture (4-traders.com)
- FY2018 EPS Estimates for La-Z-Boy Incorporated (LZB) Lowered by KeyCorp (americanbankingnews.com)
- La Z Boy Incorporated : Steele wants more turnovers from defense (4-traders.com)
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of La-Z-Boy from a “hold” rating to a “sell” rating in a report on Saturday. BidaskClub lowered shares of La-Z-Boy from a “hold” rating to a “sell” rating in a report on Saturday. Sidoti lowered shares of La-Z-Boy from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Tuesday, August 1st. Finally, Stifel Nicolaus lowered their price target on shares of La-Z-Boy from $30.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.75.
La-Z-Boy (NYSE:LZB) traded down 0.21% during midday trading on Wednesday, reaching $23.70. 514,922 shares of the company were exchanged. The firm has a market capitalization of $1.14 billion, a PE ratio of 14.00 and a beta of 0.85. The company has a 50-day moving average of $31.61 and a 200 day moving average of $28.98. La-Z-Boy has a 52 week low of $22.09 and a 52 week high of $34.10.
La-Z-Boy (NYSE:LZB) last posted its quarterly earnings results on Tuesday, August 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.05. La-Z-Boy had a net margin of 5.45% and a return on equity of 14.18%. The company had revenue of $357.10 million during the quarter, compared to analyst estimates of $359.34 million. During the same period in the prior year, the business earned $0.28 EPS. La-Z-Boy’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts predict that La-Z-Boy will post $1.74 earnings per share for the current year.
La-Z-Boy announced that its Board of Directors has authorized a stock repurchase program on Tuesday, June 20th that allows the company to buyback 6,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 8th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Thursday, September 7th. La-Z-Boy’s dividend payout ratio (DPR) is presently 25.88%.
In other news, Chairman Kurt L. Darrow sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $31.52, for a total transaction of $3,152,000.00. Following the sale, 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 through this hyperlink. Also, VP Louis M. Riccio, Jr. sold 37,504 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $32.35, for a total value of $1,213,254.40. Following the sale, the vice president now directly owns 123,354 shares in the company, valued at approximately $3,990,501.90. The disclosure for this sale can be found here. 3.17% of the stock is currently owned by company insiders.
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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