Commodity Channel Index
|Bid||26.96 x 2200|
|Ask||26.97 x 1200|
|Day's Range||26.84 - 27.74|
|52 Week Range||15.61 - 37.48|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||16.28|
|Earnings Date||Aug 18, 2020 - Aug 24, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 06, 2020|
|1y Target Est||32.67|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
La-Z-Boy (LZB) delivered earnings and revenue surprises of 58.06% and -6.16%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
MONROE, Mich., June 23, 2020 -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today reported its operating results for the fiscal 2020 fourth.
Looking into the current session, La-Z-Boy Inc. (NYSE: LZB) shares are trading at $27.86, after a 1.27% increase. Moreover, over the past month, the stock increased by 9.99%, but in the past year, decreased by 7.96%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.The stock is currently above from its 52 week low by 78.48%. Assuming that all other factors are held constant, this could present itself as an opportunity for investors trying to diversify their portfolio with Furnishings Fixtures & Appliances stocks, and capitalize on the lower share price observed over the year.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.La-Z-Boy Inc. has a better P/E ratio of 17.0 than the aggregate P/E ratio of 8.49 of the Furnishings Fixtures & Appliances industry. Ideally, one might believe that La-Z-Boy Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Morning Market Stats in 5 Minutes * Earnings Scheduled For June 23, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
MONROE, Mich., June 22, 2020 -- With great sadness, La-Z-Boy Incorporated (NYSE: LZB) today announced that Steve Kincaid passed away over the weekend. A veteran of the.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
La-Z-Boy (LZB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MONROE, Mich., June 10, 2020 -- La-Z-Boy Incorporated (NYSE: LZB) will report its fiscal 2020 fourth-quarter and full-year results after the close of trading on the New York.
Tipperary Sales, d.b.a. La-Z-Boy Southeast, is recognized as No. 91 in Furniture Today's 37th annual "Top 100 U.S. Furniture Stores" exclusive list with annual sales of $55.3M, up $5.5M from 2019.
Well-known recliner and furniture maker La-Z-Boy (NYSE: LZB), finding the COVID-19 environment a poor fit for its business model, is acting to streamline its operations by terminating employees and closing facilities. La-Z-Boy Chairman, President, and CEO Kurt Darrow said the terminations are "difficult decisions to make and we deeply regret the impact they will have on those employees who are affected," in addition to thanking the laid-off workers for their service.
La-Z-Boy Inc. said late Thursday it will lay off about 10% of its workforce, or 850 employees, across its business and including an upholstery factory in Mississippi. Production will be shifted to available capacity at the company's plants in Tennessee, Missouri, and Arkansas, La-Z-Boy said. The Mississippi plant, built in 1960, employs about 300 people and accounts for about 10% of the company's upholstery production as well as making the company's recliners and other furniture. The coronavirus pandemic "has had a far-reaching impact," Chief Executive Kurt L. Darrow said in a statement. The company "responded quickly" and as a result "we are confident we will emerge from the crisis with strength and remain a leader in the industry," Darrow said. " Since restarting production at the majority of our plants at the end of April, we have steadily increased production and continue to bring back more employees to meet demand." It is appropriate, however, to "right size" the business, Darrow said. "Still, these are difficult decisions to make and we deeply regret the impact they will have on those employees who are affected." La-Z-Boy expects to spend about $5 million to $7 million in fiscal 2021 in pre-tax charges related to these moves. The company is slated to report fiscal 2020 fourth-quarter and full-year results on June 23 after the bell.
La-Z-Boy Incorporated (LZB), a global leader in residential furniture, today announced initiatives designed to strengthen the company and position it to thrive in the new external environment, marked by COVID-19. Effective immediately, the company will reduce its global workforce by about 10%, or approximately 850 employees, across its manufacturing, retail and corporate locations, including the closure of its Newton, Mississippi upholstery manufacturing facility. Production will be shifted to available capacity at the company’s Dayton, Tennessee, Neosho, Missouri, and Siloam Springs, Arkansas plants.
La-Z-Boy, one of the most recognized brands in the furniture industry, is launching a new campaign called "One Million Thanks" that honors the sacrifices of frontline healthcare workers throughout the COVID-19 pandemic. With support from brand ambassador Kristen Bell, La-Z-Boy is rallying the collective creativity of the internet community to create one million different ways to say "thank you" to healthcare workers. By tagging pictures and videos with OneMillionThanks, the campaign aims to create an overwhelming online show of support for healthcare workers.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
La-Z-Boy Incorporated (LZB), a global leader in residential furniture, today announced it will begin to resume operations at partial production capacity at several U.S.-based plants on April 27, 2020, following the temporary closure of its manufacturing facilities and company-owned La-Z-Boy Furniture Galleries® stores in response to the COVID-19 pandemic. The company is resuming production to work through its existing backlog and to be able to service expected demand. Additionally, over the past week, based on various applicable state guidelines, the company opened several retail locations across the U.S. on a reduced schedule and expects to open additional stores in the coming weeks.
To conserve cash, some employers are suspending contributions to their workers’ 401(k) accounts. Tenet Healthcare (THC) and a physician practice in Boston on the front lines of providing expensive coronavirus care have also suspended their matches. Employers are required to give their workers a 30-day notice and cannot stop the match prior to the 30-day period.
Remember when Americans struggled to save for retirement because they were juggling high housing costs, student loan payments, credit card debt and scanty access to workplace savings? Add in a global pandemic, record unemployment and an economic lockdown. The coronavirus poses a threat to many Americans’ health and current financial well-being, but it also has the potential to derail an individual’s future retirement security.
MONROE, Mich., April 09, 2020 -- La-Z-Boy Incorporated (NYSE: LZB), a global leader in residential furniture, today provided an update to its COVID-19 action plan. With a.
La-Z-Boy Inc said on Sunday it was putting 6,800 employees on furlough, cutting workers' pay, scrapping its June dividend and ending its share repurchase plan indefinitely to conserve cash as it deals with the fallout from the coronavirus. The furniture maker, which said the furlough affected 70% of its workers, added that it was cutting senior management pay by 50% and dropping salaried workers' pay by 25% until further notice. Monroe, Michigan-based La-Z-Boy said it was temporarily closing its U.S. manufacturing facilities effective immediately and would re-evaluate the decision on April 13.
La-Z-Boy Incorporated (LZB), a global leader in residential furniture, today announced its response to the COVID-19 crisis. Throughout this period, La-Z-Boy has followed all government regulations and recommendations and implemented best-practice health and safety protocols.
Unfortunately for some shareholders, the La-Z-Boy (NYSE:LZB) share price has dived 37% in the last thirty days. That...