Somewhat Favorable Media Coverage Somewhat Unlikely to Impact La-Z-Boy (LZB) Share Price

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Media coverage about La-Z-Boy (NYSE:LZB) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. La-Z-Boy earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.7614437942803 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern’s rankings:

Shares of NYSE:LZB traded up $0.50 during midday trading on Friday, hitting $32.40. The company had a trading volume of 1,412 shares, compared to its average volume of 564,240. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 17.90 and a beta of 1.01. La-Z-Boy has a 12-month low of $24.10 and a 12-month high of $39.15.

La-Z-Boy (NYSE:LZB) last posted its quarterly earnings data on Tuesday, August 21st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. The firm had revenue of $384.70 million during the quarter, compared to analyst estimates of $368.17 million. La-Z-Boy had a return on equity of 15.33% and a net margin of 5.43%. La-Z-Boy’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 EPS. research analysts anticipate that La-Z-Boy will post 2.02 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, September 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.48 annualized dividend and a dividend yield of 1.48%. La-Z-Boy’s dividend payout ratio (DPR) is 26.52%.

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of La-Z-Boy from $33.00 to $35.00 and gave the company a “hold” rating in a research note on Thursday, August 23rd. ValuEngine upgraded La-Z-Boy from a “hold” rating to a “buy” rating in a research note on Thursday, August 23rd. Finally, Zacks Investment Research upgraded La-Z-Boy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd.

In other news, Chairman Kurt L. Darrow sold 45,720 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $34.66, for a total value of $1,584,655.20. Following the completion of the sale, the chairman now directly owns 549,302 shares in the company, valued at approximately $19,038,807.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Otis S. Sawyer sold 88,806 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $34.62, for a total transaction of $3,074,463.72. Following the completion of the transaction, the insider now directly owns 71,324 shares of the company’s stock, valued at approximately $2,469,236.88. The disclosure for this sale can be found here. Insiders sold a total of 212,635 shares of company stock valued at $7,259,368 over the last 90 days. 4.55% of the stock is currently owned by company insiders.

La-Z-Boy Company Profile

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas.

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