La-Z-Boy Incorporated (LZB) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $23.63 to $26.40 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the furniture company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
LZB currently has a Zacks Rank #4 (Sell).
Some better-ranked stocks in the same sector include Leggett & Platt, Incorporated (LEG), Stanley Furniture Co. Inc. (STLY) and Skechers USA Inc. (SKX). All these stocks hold a Zacks Rank #2 (Buy).
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LA Z BOY (LZB): Free Stock Analysis Report
LEGGETT & PLATT INC (LEG): Free Stock Analysis Report
STANLEY FURNITURE CO (STLY): Free Stock Analysis Report
SKECHERS USA INC (SKX): Free Stock Analysis Report
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