Analysts See $0.46 EPS for La-Z-Boy Incorporated (LZB)

November 14, 2017 - By Jacob Falcon

 Analysts See $0.46 EPS for La Z Boy Incorporated (LZB)
Investors sentiment increased to 1.23 in 2017 Q2. Its up 0.17, from 1.06 in 2017Q1. It is positive, as 20 investors sold La-Z-Boy Incorporated shares while 61 reduced holdings. 38 funds opened positions while 62 raised stakes. 41.27 million shares or 0.37% less from 41.43 million shares in 2017Q1 were reported.
56,956 are owned by Highbridge Capital Ltd. Vanguard holds 0.01% or 4.45 million shares. Citadel Advisors Ltd invested in 0.01% or 197,568 shares. Northwestern Mutual Wealth Mngmt has invested 0% in La-Z-Boy Incorporated (NYSE:LZB). 696,517 were reported by Millennium Mgmt Ltd Limited Liability Company. Glenmede Trust Na stated it has 214 shares or 0% of all its holdings. Gotham Asset Mgmt Limited Liability Com stated it has 0.1% in La-Z-Boy Incorporated (NYSE:LZB). Thrivent Finance For Lutherans reported 0.02% stake. Swiss Bank & Trust invested in 0% or 80,400 shares. Rhumbline Advisers reported 0.01% in La-Z-Boy Incorporated (NYSE:LZB). Nwq Inv Mngmt Co Ltd holds 0.06% or 138,380 shares. Canada Pension Plan Investment Board has invested 0% in La-Z-Boy Incorporated (NYSE:LZB). Monroe Bank And Mi reported 70,538 shares. Tudor Investment Et Al holds 0.05% or 45,792 shares in its portfolio. Point72 Asia (Hong Kong) Ltd reported 2,195 shares stake.

Wall Street await La-Z-Boy Incorporated (NYSE:LZB) to release earnings on November, 29 after the close. Analysts forecast EPS of $0.46, up exactly $0.04 or 9.52 % from 2014’s $0.42 EPS. The expected LZB’s profit could reach $22.13 million giving the stock 14.68 P/E in the case that $0.46 earnings per share is reported. After posting $0.24 EPS for the previous quarter, La-Z-Boy Incorporated’s analysts now forecast 91.67 % EPS growth. About 389,473 shares traded. La-Z-Boy Incorporated (NYSE:LZB) has risen 10.10% since November 15, 2016 and is uptrending. It has underperformed by 6.60% the S&P500.

La-Z-Boy Incorporated (NYSE:LZB) Ratings Coverage

Among 7 analysts covering La-Z-Boy (NYSE:LZB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. La-Z-Boy had 13 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Thursday, January 5 by Raymond James. KeyBanc Capital Markets maintained the shares of LZB in report on Thursday, October 6 with “Overweight” rating. The stock of La-Z-Boy Incorporated (NYSE:LZB) has “Neutral” rating given on Friday, August 5 by Longbow. Barrington Research maintained La-Z-Boy Incorporated (NYSE:LZB) on Thursday, August 20 with “Outperform” rating. Stifel Nicolaus maintained the shares of LZB in report on Thursday, August 24 with “Hold” rating. Stifel Nicolaus downgraded it to “Hold” rating and $30 target in Thursday, February 23 report. On Tuesday, August 22 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained La-Z-Boy Incorporated (NYSE:LZB) rating on Wednesday, September 27. Stifel Nicolaus has “Hold” rating and $27.0 target. The stock of La-Z-Boy Incorporated (NYSE:LZB) has “Hold” rating given on Tuesday, August 18 by Zacks. The firm has “Hold” rating by BB&T Capital given on Wednesday, January 27.

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The company has market cap of $1.30 billion. The Firm also imports, distributes and retails accessories and casegoods furniture products. It has a 16 P/E ratio. The Company’s divisions include the Upholstery segment, the Casegoods segment and the Retail segment.

More notable recent La-Z-Boy Incorporated (NYSE:LZB) news were published by: Seekingalpha.com which released: “La-Z-Boy: Q4 Impresses, Broader Concerns Remain” on July 18, 2017, also Seekingalpha.com with their article: “La-Z-Boy: Don’t Buy The Dip” published on August 28, 2017, Prnewswire.com published: “La-Z-Boy Southeast Developing Sizable Distribution Center Located in York County” on November 13, 2017. More interesting news about La-Z-Boy Incorporated (NYSE:LZB) were released by: Fool.com and their article: “Why La-Z-Boy Incorporated Stock Popped Today” published on June 21, 2017 as well as Globenewswire.com‘s news article titled: “David B. Behen Joins La-Z-Boy as Chief Information Officer” with publication date: June 12, 2017.

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