La-Z-Boy Inc (NYSE: LZB) has reported earnings for its fourth fiscal quarter (ending April 30) of $0.92 versus $0.79 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $2.86 compared to $3.49 a year ago.
Recent Price Action
La-Z-Boy Inc (NYSE: LZB) stock increased 1.1% on 6/17/24. The shares closed at $34.09. Moreover, exceptionally high trading volume at 276% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -3.4% during the last week.
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 new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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