Analyst Expects La-Z-Boy Inc. (NYSE: LZB) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, LZB falls under the Consumer Cyclical sector while operating within the Furnishings, Fixtures & Appliances industry segment. The current market capitalization of La-Z-Boy Inc. is $1.72B. A total of 0.63 million shares were traded on the day, compared to an average of 535.11K shares.

In the most recent transaction, Leggett Michael Adam sold 3,077 shares of LZB for 37.08 per share on Mar 21 ’24. After the transaction, the Sr VP & Chief Supply Chain Off now owns 21,519 company shares. In a previous transaction on Sep 25 ’23, KERR JANET sold 4,582 shares at 30.86 per share. LZB shares that Director owns now total 3,890.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. La-Z-Boy Inc. pays an annual dividend of $0.78, resulting in a dividend yield of 1.90%, and it has a price to earnings (P/E) ratio of 14.62. LZB’s most recent ex-dividend date was 9/5/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 9/16/2024. Previously, the company paid the dividend on 6/14/2024 with an ex-dividend date of 6/4/2024. The LZB stock dividend was $0.20 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, LZB has a high of $45.23 and a low of $27.92.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. LZB’s latest balance sheet shows that the firm has $245.59M in Cash & Short Term Investments as of fiscal 2022. There were $430.11M in debt and $675.69M in liabilities at the time. Its Book Value Per Share was $23.78, while its Total Shareholder’s Equity was $819.62M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LZB is Buy with a score of 3.00.

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