La-Z-Boy Incorporate (LZB) Announces Quarterly Results, Misses Estimates By $0.02 EPS
Tuesday, August 23, 2021 5:05 PM

La-Z-Boy Incorporate (LZB) announced its quarterly results on Tuesday. The company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.02. The company’s quarterly revenue was up 6.4% on a year-over-year basis.

On a related note, analysts at Wall Street Strategies downgraded shares of La-Z-Boy Incorporate to a "hold" rating in a research note to investors on Wednesday, June 22nd. Also, analysts at Keybanc (NYSE: KEY) upgraded shares of La-Z-Boy Incorporate from a "hold" rating to a "buy" rating in a research note to investors on Wednesday, April 6th. They now have a $13.00 price target on the stock.

Shares of La-Z-Boy Incorporate (LZB) traded up 8.23% during mid-day trading on Tuesday, hitting $7.63. La-Z-Boy Incorporate (LZB) has a 52 week low of $6.47 and a 52 week high of $11.84. The stock's 50-day moving average is $8.63 and its 200-day moving average is $9.66. The company has a market cap of $396.1 million and a price-to-earnings ratio of 15.67.

La-Z-Boy Incorporated (La-Z-Boy) is a global reclining-chair manufacturer and upholstered furniture. It also manufactures and imports casegoods (wood) furniture products for resale in North America. In addition, it has 68 Company owned and operated retail stores located in eight markets in the United States. The Company operates in three segments: Upholstery Group, Casegoods Group and Retail Group. As of April 24, 2010, the Company operated 510 Comfort Studios. The Kincaid, England and Lea operating units also have in-store gallery programs.

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