Somewhat Favorable Press Coverage Somewhat Unlikely to Affect La-Z-Boy (LZB) Stock Price

News coverage about La-Z-Boy (NYSE:LZB) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. La-Z-Boy earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.9356672112488 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of La-Z-Boy (NYSE:LZB) traded up $0.15 during midday trading on Friday, reaching $26.95. The company had a trading volume of 172,548 shares, compared to its average volume of 464,775. The stock has a market capitalization of $1,300.00, a price-to-earnings ratio of 15.73 and a beta of 0.97. La-Z-Boy has a 52-week low of $23.15 and a 52-week high of $34.10.

La-Z-Boy (NYSE:LZB) last issued its earnings results on Tuesday, August 22nd. The company reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). The firm had revenue of $357.10 million during the quarter, compared to analysts’ expectations of $359.34 million. La-Z-Boy had a net margin of 5.45% and a return on equity of 14.18%. La-Z-Boy’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. equities analysts anticipate that La-Z-Boy will post 1.73 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. BidaskClub lowered La-Z-Boy from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Sidoti lowered La-Z-Boy from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Tuesday, August 1st. Stifel Nicolaus dropped their target price on La-Z-Boy from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, August 24th. Finally, ValuEngine upgraded La-Z-Boy from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. La-Z-Boy presently has an average rating of “Hold” and an average price target of $31.50.

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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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