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La-Z-Boy (LZB) Falls: Stock Goes Down 6.2%

Zacks Equity Research

La-Z-Boy Incorporated (LZB) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $20.57–$23.22 in the past one-month time frame, showed a sharp decline yesterday at $21.74.
The furniture company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
LZB currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include American Woodmark Corp. (AMWD), Hanesbrands Inc. (HBI) and Skechers USA Inc. (SKX). All these stocks hold a Zacks Rank #1 (Strong Buy).
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LA Z BOY (LZB): Free Stock Analysis Report

AMER WOODMARK CP (AMWD): Free Stock Analysis Report

SKECHERS USA INC (SKX): Free Stock Analysis Report

HANESBRANDS INC (HBI): Free Stock Analysis Report

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