Raymond James analyst Bobby Griffin maintained a Buy rating on LaZBoy (LZB) yesterday. The company’s shares closed last Tuesday at $39.95.
According to TipRanks.com, Griffin is a 5-star analyst with an average return of 44.2% and a 72.0% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Advance Auto Parts, Bed Bath & Beyond, and Williams-Sonoma.
LaZBoy has an analyst consensus of Moderate Buy.
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The company has a one-year high of $46.34 and a one-year low of $15.61. Currently, LaZBoy has an average volume of 435.4K.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LZB in relation to earlier this year.
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La-Z-Boy, Inc. engages in the production of reclining chairs and manufacture and distribution of residential furniture. It operates through the following segments: Upholstery, Casegoods, Retail, and Corporate and Other. The Upholstery segment manufactures and imports recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. The Casegoods segment markets and distributes wood furniture such as bedroom sets, dining room sets, entertainment centers, and occasional pieces; and also manufactures some custom upholstered furniture. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through the retain network. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.
