LZB Stock Summary and Trading Ideas (La-Z-Boy | NYSE:LZB)

La-Z-Boy Inc is a U.S.-based company that manufactures, distributes, and retails upholstery furniture products. It is a producer of reclining chairs and distributors of residential furniture in the U.S. The company chiefly operates in the United States but also has secondary operations in Canada and other countries. The company's reportable segments include the Wholesale segment, which manufactures and imports upholstered furniture; and Retail, which sells upholstered and case goods furniture to the end consumer. The majority of the company's revenue is derived from its Wholesale segment. Some of the core brands of the firm include England, Kincaid, American Drew, and Hammary.

La-Z-Boy trades on the NYSE stock market under the symbol LZB.

As of April 26, 2024, LZB stock price declined to $33.11 with 186,950 million shares trading.

LZB has a beta of 1.04, meaning it tends to be more sensitive to market movements. LZB has a correlation of 0.19 to the broad based SPY ETF.

LZB has a market cap of $1.41 billion. This is considered a Small Cap stock.

Last quarter La-Z-Boy reported $500 million in Revenue and $.67 earnings per share. This fell short of revenue expectation by $-23 million and missed earnings estimates by -$.05.

In the last 3 years, LZB stock traded as high as $46.74 and as low as $21.92.

The top ETF exchange traded funds that LZB belongs to (by Net Assets): IJR, VTI, CALF, VB, IWM.

LZB has underperformed the market in the last year with a price return of +22.3% while the SPY ETF gained +27.4%. LZB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.4% and -2.5%, respectively, while the SPY returned +4.6% and -0.5%, respectively.

LZB support price is $32.58 and resistance is $33.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LZB stock will trade within this expected range on the day.