Somewhat Positive Press Coverage Somewhat Unlikely to Affect La-Z-Boy (LZB) Stock Price

News coverage about La-Z-Boy (NYSE:LZB) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. La-Z-Boy earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.4135807636844 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

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La-Z-Boy (NYSE:LZB) opened at $28.75 on Monday. The firm has a market capitalization of $1,353.20, a PE ratio of 18.79 and a beta of 0.84. La-Z-Boy has a 52-week low of $23.15 and a 52-week high of $34.25.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.21). The firm had revenue of $413.64 million for the quarter, compared to analyst estimates of $402.67 million. La-Z-Boy had a return on equity of 13.96% and a net margin of 4.74%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. equities research analysts predict that La-Z-Boy will post 1.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, March 6th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, March 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.67%. La-Z-Boy’s dividend payout ratio is currently 31.37%.

Several brokerages have issued reports on LZB. ValuEngine upgraded La-Z-Boy from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. Zacks Investment Research upgraded La-Z-Boy from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Wednesday, January 31st. Finally, Stifel Nicolaus restated a “hold” rating on shares of La-Z-Boy in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. La-Z-Boy has a consensus rating of “Hold” and an average price target of $33.50.

In other news, insider John Douglas Collier sold 4,000 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $31.71, for a total transaction of $126,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Louis M. Riccio, Jr. sold 65,910 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $31.72, for a total value of $2,090,665.20. Following the transaction, the vice president now directly owns 95,342 shares of the company’s stock, valued at $3,024,248.24. The disclosure for this sale can be found here. Insiders have sold 81,910 shares of company stock valued at $2,595,625 over the last ninety days. 3.17% of the stock is owned by insiders.

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La-Z-Boy Company Profile

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company’s segments include the Upholstery segment, the Casegoods segment and the Retail segment.

Insider Buying and Selling by Quarter for La-Z-Boy (NYSE:LZB)

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