The Street Is Finally Waking Up To La-Z-Boy Inc. (NYSE: LZB)

After Hours

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Stocks Info

La-Z-Boy Inc. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Furnishings, Fixtures & Appliances industry. The current market capitalization of La-Z-Boy Inc. is $1.80B. A total of 0.52 million shares were traded on the day, compared to an average of 567.45K shares.

In the most recent transaction, KERR JANET sold 3,890 shares of LZB for 40.89 per share on Sep 05 ’24. After the transaction, the Director now owns 3,372 company shares. In a previous transaction on Sep 05 ’24, KERR JANET bought 3,890 shares at 40.39 per share.

Among the insiders who sold shares, McCurry Jennifer Lynn disposed of 4,414 shares on Aug 26 ’24 at a per-share price of $41.31. This resulted in the Chief Accounting Officer holding 13,236 shares of LZB after the transaction. In another insider transaction, Leggett Michael Adam sold 3,077 shares at $37.08 per share on Mar 21 ’24. Company shares held by the Sr VP & Chief Supply Chain Off now total 21,519.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. La-Z-Boy Inc. pays an annual dividend of $0.80, resulting in a dividend yield of 1.86%, and it has a price to earnings (P/E) ratio of 15.25. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, LZB has a high of $45.23 and a low of $27.92.

As of this writing, LZB has an earnings estimate of $0.64 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of $0.65 per share and a lower estimate of $0.63.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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