The Director Of La-Z-Boy Incorporated (LZB) Purchased 70,000 Shares

As of Wednesday close, La-Z-Boy Incorporated’s (NYSE:LZB) stock was up $1.79, moving up 7.88 percent to $24.52. The average number of shares traded per day over the past five days has been 1,357,020 shares. 2 times new highs have been achieved over the past 5 days, with a $0.97 gain in that time frame. In the last twenty days, the average volume was 689,510, while in the previous 50 days, it was 584,060.

Since last month, LZB stock rose 2.47%. Shares of the company fell to $22.21 on 06/16/22, the lowest level in the past month. A 52-week high of $39.99 was reached on 01/04/22 after having rallying from a 52-week low of $22.21. Since the beginning of this year, LZB’s stock price has dropped by -32.47% or -$11.79, and marked a new high 2 times. However, the stock has declined by -38.68% since its 52-week high.

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La-Z-Boy Incorporated (LZB) last reported insider trading activity 175 days ago on Dec 30. DARROW KURT L, the Director of the company, disposed of 70,000 shares for $36.14 on Dec 30. It resulted in a $2,529,520 divestment by the insider. DARROW KURT L sold 26,895 shares at an average price of $35.90 on Dec 17. The insider now owns 168,713 shares following the transaction. On Dec 16, Director DARROW KURT L sold 43,105 shares at $36.03 apiece. The transaction was valued at $1,552,961.

Valuation Metrics

Right now, La-Z-Boy Incorporated (LZB) has a P/E ratio of about 8.49. The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 1.38, and the price-to-cash flow ratio of 128.70 may also be considered.

The latest dividend of $0.1650 per share was paid out, remained unchanged from last year’s $0.1650. On Tuesday November 16 2021, a $0.0150 dividend increase was announced.

Financial Health

In the three months ended January 30, La-Z-Boy Incorporated’s quick ratio stood at 0.90, while its current ratio was 1.30, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 39.60% percent. In the year ended January 30, EBITDA margin amounted to 9.79%, whereas operating margins totaled 8.10%. Based on annual data, LZB earned $915.97 million in gross profit and brought in $2.36 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.70%. Return on equity (ROE) for the past 12 months was 16.90%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. LZB’s revenue rose 31.31% to $571.57 million during the quarter, while net income inched up to $684.57 million. While analysts expected La-Z-Boy Incorporated to report $0.89 quarterly earnings, the actual figure was $0.65 per share, beating the consensus estimate by -27.00%. During the quarter, the company generated $91.41 million in EBITDA. The liabilities of La-Z-Boy Incorporated were 1.11 billion at the end of its most recent quarter ended January 30, and its total debt was $411.7 million. The value of shareholders’ equity is $43.09 million.

Technical Picture

This quick technical analysis looks at La-Z-Boy Incorporated’s (LZB) price momentum. With a historical volatility rate of 65.88%, the RSI 9-day stood at 51.77% on 22 June.

With respect to its five-day moving average, the current La-Z-Boy Incorporated price is up by +4.12% percent or $0.97. At present, LZB shares trade +3.42% above its 20-day simple moving average and -27.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.89% below its SMA50 and -28.99% below its SMA200.

Stochastic coefficient K was 32.77% and Stochastic coefficient D was 24.57%, while ATR was 1.16. Given the Stochastic reading of 59.61% for the 14-day period, the RSI (14) reading has been calculated as 48.67%. As of today, the MACD Oscillator reading stands at -0.31, while the 14-day reading stands at -0.95.

Analyst Ratings

Sidoti upgraded its rating on La-Z-Boy Incorporated (NYSE: LZB) to a Buy in a note to investors on October 19, 2020. The analysts firm previously had a Neutral rating on the stock.La-Z-Boy Incorporated (LZB) has been rated Buy by analysts. According to 0 brokerage firms, LZB is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate La-Z-Boy Incorporated stock as buy, with 1 recommending it as overweight.

With a median target price of $46.00, the current consensus forecast for the stock is $46.00 – $46.00. Based on these forecasts, analysts predict La-Z-Boy Incorporated (LZB) will achieve an average price target of $46.00.


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