→ Banking Nightmare (From Weiss Rankings)
La-Z-Boy Integrated (NYSE:LZB – Get Ranking) – Equities researchers at KeyCorp lifted their Q4 2023 earnings for every share estimates for La-Z-Boy in a research notice issued on Wednesday, February 22nd. KeyCorp analyst B. Thomas now forecasts that the firm will submit earnings for each share of $.75 for the quarter, up from their previous estimate of $.68. The consensus estimate for La-Z-Boy’s present entire-year earnings is $3.60 for each share. KeyCorp also issued estimates for La-Z-Boy’s FY2024 earnings at $3.20 EPS.
Individually, TheStreet upgraded shares of La-Z-Boy from a “c+” score to a “b-” ranking in a analysis report on Thursday, January 26th.
La-Z-Boy Stock Performance
NYSE:LZB opened at $32.81 on Monday. The inventory has a 50-working day uncomplicated moving average of $26.57 and a 200 working day simple relocating common of $25.73. La-Z-Boy has a one particular year lower of $21.92 and a one particular yr large of $33.06. The company has a market place capitalization of $1.42 billion, a cost-to-earnings ratio of 8.14 and a beta of 1.15.
La-Z-Boy (NYSE:LZB – Get Score) very last launched its quarterly earnings final results on Wednesday, February 22nd. The company noted $.91 earnings for every share for the quarter, topping analysts’ consensus estimates of $.66 by $.25. The business experienced revenue of $572.72 million for the quarter, as opposed to analysts’ expectations of $529.57 million. La-Z-Boy had a return on fairness of 19.77% and a web margin of 7.03%. The firm’s revenue was up .2% as opposed to the identical quarter previous year. For the duration of the identical quarter in the prior yr, the organization posted $.65 EPS.
La-Z-Boy Raises Dividend
The organization also not long ago disclosed a quarterly dividend, which will be compensated on Wednesday, March 15th. Investors of record on Tuesday, March 7th will be issued a $.182 dividend. This is a favourable transform from La-Z-Boy’s former quarterly dividend of $.18. This represents a $.73 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, March 6th. La-Z-Boy’s dividend payout ratio is now 18.11%.
Institutional Traders Weigh In On La-Z-Boy
Numerous big investors have recently purchased and offered shares of LZB. Position72 Middle East FZE acquired a new posture in La-Z-Boy in the fourth quarter valued at $80,000. Captrust Economic Advisors grew its holdings in shares of La-Z-Boy by 84.7% for the duration of the 1st quarter. Captrust Financial Advisors now owns 3,290 shares of the firm’s inventory valued at $87,000 immediately after paying for an more 1,509 shares all through the past quarter. State of Wyoming grew its holdings in shares of La-Z-Boy by 406.4% throughout the 4th quarter. Condition of Wyoming now owns 4,573 shares of the company’s stock valued at $104,000 just after buying an extra 3,670 shares in the course of the final quarter. Dark Forest Capital Management LP boosted its place in La-Z-Boy by 30,500.% through the 4th quarter. Dark Forest Funds Management LP now owns 4,896 shares of the firm’s stock value $112,000 following obtaining an further 4,880 shares throughout the time period. Last but not least, Point72 Hong Kong Ltd lifted its position in shares of La-Z-Boy by 540.7% in the 1st quarter. Place72 Hong Kong Ltd now owns 4,363 shares of the company’s stock worthy of $115,000 after acquiring an added 3,682 shares throughout the interval. Institutional investors possess 96.55% of the company’s stock.
La-Z-Boy Business Profile
La-Z-Boy, Inc engages in the generation of reclining chairs and manufacture and distribution of household furniture. It operates by the adhering to segments: Wholesale, Retail, and Company and Other. The Wholesale phase manufactures and imports upholstered furnishings, these types of as recliners and movement furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans and sleeper sofas and imports casegoods (wood) household furniture, this kind of as occasional items, bed room sets, dining home sets and enjoyment centers.
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