Alert: Positive Investment/Fundamental Signals (7/15/24)-La-Z-Boy Inc (NYSE: LZB)

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Notable positive changes in La-Z-Boy Inc (NYSE: LZB) fundamentals have recently occurred: the consensus estimate for April, 2025 increased significantly, the consensus estimate for April, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

La-Z-Boy Inc (NYSE: LZB). Important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. La-Z-Boy has a slightly positive Appreciation Score of 63 and a slightly positive Power Rating of 67, leading to the Positive Value Trend Rating.

Recent Price Action

La-Z-Boy Inc (NYSE: LZB) stock closed at $40.61 on 7/15/24 after a modest gain of 0.6%. Trading volume in this advance was normal. The stock has risen 12.7% during the last week and has been strong relative to the market over the last nine months.

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