La-Z-Boy (NYSE:LZB) Receiving Somewhat Positive News Coverage, Study Shows

Media coverage about La-Z-Boy (NYSE:LZB) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty 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 0.18 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.2552528474997 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of La-Z-Boy (LZB) opened at $31.85 on Wednesday. La-Z-Boy has a 1 year low of $23.15 and a 1 year high of $34.25. The firm has a market cap of $1,518.89, a PE ratio of 18.20 and a beta of 1.03.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Wednesday, November 29th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.02. La-Z-Boy had a net margin of 5.53% and a return on equity of 14.33%. The company had revenue of $393.20 million for the quarter, compared to analyst estimates of $390.03 million. During the same period in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. analysts anticipate that La-Z-Boy will post 1.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Monday, December 11th were given a $0.12 dividend. This is a positive change from La-Z-Boy’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, December 8th. La-Z-Boy’s dividend payout ratio is 27.43%.

Several brokerages have recently issued reports on LZB. ValuEngine cut shares of La-Z-Boy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research upgraded shares of La-Z-Boy from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating on shares of La-Z-Boy in a research report on Friday, December 1st. Finally, KeyCorp restated a “buy” rating and set a $36.00 target price on shares of La-Z-Boy in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.00.

In other La-Z-Boy news, SVP Otis S. Sawyer sold 12,000 shares of the company’s stock in a transaction dated Saturday, December 29th. The shares were sold at an average price of $31.51, for a total value of $378,120.00. Following the transaction, the senior vice president now directly owns 60,238 shares in the company, valued at approximately $1,898,099.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Douglas Collier sold 4,000 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $31.71, for a total transaction of $126,840.00. The disclosure for this sale can be found here. Corporate insiders own 3.17% of the company’s stock.

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About La-Z-Boy

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.

Insider Buying and Selling by Quarter for La-Z-Boy (NYSE:LZB)

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