|Bid||32.38 x 900|
|Ask||0.00 x 800|
|Day's Range||31.70 - 32.56|
|52 Week Range||25.30 - 39.15|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||22.42|
|Forward Dividend & Yield||0.52 (1.63%)|
|1y Target Est||N/A|
Kurt Darrow has been the CEO of La-Z-Boy Incorporated (NYSE:LZB) since 2003. First, this article will compare CEO...
The furniture industry, supported in part by a recovering housing market and increased consumer spending, is expected to grow at 6 to 7% annually in 2016 and 2017. Stanley Furniture Company (STLY), headquartered in High Point, North Carolina, is a major designer and manufacturer of upscale wood furniture products for both residential homes and offices. The company’s furnishings are sold across the United States, as well as internationally, under three brand names: Stanley Furniture, Stone & Leigh, and Coastal Living.
On the daily chart above, investors can see the massive bullish engulfing candle La-Z-Boy stock is putting in today. $32 has been a notable level for La-Z-Boy stock, while the 50% retracement for the one-year range rests at $31.81. A close below this area could open up a pullback down to the 20-day and 200-day moving averages between $30.92 and $30.70.
slipped on Wednesday after the company reported fiscal fourth-quarter earnings that met analysts' forecasts but sales that came up short due to the impact of trade-war-related tariffs. The maker of reclining chairs and other furniture posted fiscal fourth-quarter adjusted net income of $30.2 million, or 64 cents an adjusted share, vs. $34.4 million, or 72 cents an adjusted share, in the comparable year-earlier quarter.
La-Z-Boy (LZB) delivered earnings and revenue surprises of -1.54% and -0.62%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
La-Z-Boy (NYSE:LZB) reported its quarterly earnings results late on Tuesday, bringing in a profit that was below what the business amassed during the same period in its fiscal 2018, while sales were higher than they were during the year-ago period, but failed to meet analysts' guidance, playing a role in LZB stock sinking after hours.The Monroe, Mi.-based furniture maker said that for its fourth quarter of its fiscal 2019, it brought in earnings of $1.5 million, or 3 cents per share, which is only a fraction of what it amassed during the year-ago quarter, which came in at $34 million, or 72 cents per share.La-Z-Boy added that its net income tallied up to $30 million, or 64 cents per share on an adjusted basis when considering one-time items. This was weaker than the company's profit of 72 cents per share from the same period a year ago.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company's adjusted profit of 64 cents per share was in line with the Wall Street consensus estimate of 64 cents per share, according to data compiled by FactSet. Sales came in at $453.8 million during the three-month period for La-Z-Boy, which is 8% higher than it was during the year-ago quarter, while also missing the $457 million from analysts' outlook, per FactSet.LZB stock is plummeting more than 9.1% after hours following the company's quarterly earnings results, which failed to live up to Wall Street's expectations. Shares had been falling about 1.5% during regular trading hours Tuesday in anticipation of the company's results. More From InvestorPlace * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Top-Rated Biotech Stocks to Invest In Today * 5 Stocks to Buy for $20 or Less Compare Brokers The post La-Z-Boy Earnings: LZB Stock Plummets as Q4 Sales Fall Y2Y appeared first on InvestorPlace.
Shares of La-Z-Boy Inc. fell more than 14% in the extended session Tuesday after the furniture maker reported fiscal fourth-quarter sales that were below Wall Street expectations. La-Z-Boy said it earned $1.5 million, or 3 cents a share, in the quarter, compared with $34 million, or 72 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $30 million, or 64 cents a share, compared with 72 cents a share a year ago. Sales rose 8% to $453.8 million in the quarter, La-Z-Boy said. Analysts polled by FactSet had expected adjusted profit of 64 cents a share on sales of $457 million.
La-Z-Boy Inc NYSE:LZBView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for LZB with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold LZB had net inflows of $1.30 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Don't be caught off-guard: La-Z-Boy (NYSE: LZB ) releases its next round of earnings this Tuesday, June 18. Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters ...
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
The furniture retailer heads into earnings facing headwinds that include declining sales in the upholstery and case-goods segments.
This year, Furniture Today ranked Tipperary, which does business as La-Z-Boy Southeast, at No. 94 on its annual Top 100 U.S. Furniture Stores list. That’s up five positions from last year when it premiered on the list at No. 99.
The drop followed the Michigan-based furniture company's forecast of full-year adjusted earnings per share of $2.13 to $2.15 on sales of $1.75 billion, missing analysts' expectations. The adjusted earnings exclude purchase accounting charges of around 12 cents a share and a non-cash pension termination charge of approximately 58 cents. "Fiscal 2019 was a strong year for La-Z-Boy, said Kurt L. Darrow, chief executive of La-Z-Boy, in a statement.
If you own shares in La-Z-Boy Incorporated (NYSE:LZB) then it's worth thinking about how it contributes to the...
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Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! This article is for investors who would like to improve their understanding of price to earnings rati...
The Insider Monkey team has completed processing the quarterly 13F filings for the December quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]
Today we'll evaluate La-Z-Boy Incorporated (NYSE:LZB) to determine whether it could have potential as an investment idea. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight...