La-Z-Boy Inc (NYSE: LZB) stock closed at $40.70 on 6/18/24 after a major increase of 19.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 743% of normal. The stock has risen 18.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LZB’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
La-Z-Boy has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. La-Z-Boy has a slightly positive Power Rating of 63 and a good Appreciation Score of 71, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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