Raymond James raised the price target for the La-Z-Boy Inc. (NYSE:LZB) stock from “an Outperform” to “a Mkt perform”. The rating was released on August 25, 2022, according to finviz. The research report from Sidoti has upgraded the stock from Neutral to Buy, with a price target set at $36. In their research brief published February 20, 2020, Stifel analysts upgraded the La-Z-Boy Inc. stock from Hold to Buy with a price target of $40.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 6.59% within the last five trades and 20.01% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 23.09% in the last 6 months and 34.41% was added to its value over the previous 3 months. LZB stock is trading at a margin of 8.85%, 16.22% and 24.57% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, LZB deals in the Consumer Cyclical domain. The stock is trading -0.79 percent below its 52-week high and 58.09 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 41.93. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does La-Z-Boy Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 7.51 percent and the profit margin is 5.99 percent, and the company has reported a gross margin of 43.07 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.86 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for La-Z-Boy Inc. (NYSE:LZB) is 15.55. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 12.81. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.91 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.87, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.11 percent of La-Z-Boy Inc. shares are owned by insiders, and 101.68 percent are held by financial institutions. Leggett Michael Adam, the Sr VP & Chief Supply Chain Off at La-Z-Boy Inc. (LZB) has sold 3,077 shares of firm on Mar 21 ’24 at a price of $37.08 against the total amount of $0.11 million. In another inside trade, KERR JANET, Director of La-Z-Boy Inc. (NYSE:LZB) sold 4,582 shares of the firm on Sep 25 ’23 for a total worth of $0.14 million at a price of $30.86.
