La-Z-Boy Inc (NYSE: LZB) has reported earnings for its second fiscal quarter (ending October 31) of $0.63 versus $1.07 for the same period a year ago — a decline of -41%. For the latest four quarters through October 31, E.P.S. were $2.80 compared to $3.94 a year ago — a decline of -29%.
Recent Price Action
La-Z-Boy Inc (NYSE: LZB) stock rose modestly by 0.8% on 11/29/23. The stock closed at $31.70. Moreover, this advance was accompanied by exceptionally high trading volume at 227% of normal. The stock has been strong relative to the market over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, LZB is expected to continue to be a Value Builder.
La-Z-Boy has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. La-Z-Boy has a good Appreciation Score of 73 and a good Power Rating of 74, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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