Raymond James Sticks to Its Hold Rating for La-Z-Boy Inc (LZB)


Raymond James analyst Budd Bugatch maintained a Hold rating on La-Z-Boy Inc (NYSE: LZB) on August 11. The company’s shares closed on Friday at $31.05.

According to TipRanks.com, Bugatch is a 4-star analyst with an average return of 8.0% and a 58.5% success rate. Bugatch covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Wal-Mart Stores Inc, and Bed Bath & Beyond.

The word on The Street in general, suggests a Hold analyst consensus rating for La-Z-Boy Inc.

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Based on La-Z-Boy Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $34.04 million. In comparison, last year the company had a net profit of $11.59 million.

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La-Z-Boy, Inc. is a manufacturer, marketer, importer, distributor and retailer of upholstery products. It also imports, distribute and retail accessories and casegoods furniture products. The company operates through its segments: Upholstery, Casegoods and Retail.

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