Extremely significant positive changes in La-Z-Boy Inc (NYSE: LZB) fundamentals have recently occurred: the consensus estimate for April, 2024 increased significantly, the stock’s power rating rose above 70, the consensus estimate for April, 2025 increased significantly, and significant quarterly earnings acceleration occurred.
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.
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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. La-Z-Boy has a neutral Appreciation Score of 60 but a good Power Rating of 71, producing the Positive Value Trend Rating.
Recent Price Action
La-Z-Boy Inc (NYSE: LZB) stock closed at $42.39 on 8/2/24 after a modest decline of -2.0%. However, unusually low trading volume at 66% of normal accompanied the decline. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
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