Analyst Ratings for La-Z-Boy Inc. (LZB)

Updated: 2017-07-27

Shares of La-Z-Boy Inc. (NYSE:LZB) have received a consensus rating of Overweight from Wall Street analysts. Last month, LZB received an average rating of Overweight.

2 analysts declared LZB a buy, 0 gave an overweight rating, 3 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

Many analysts weighed in on price targets for LZB. The most optimistic price target was 36, which equates to a potential upside of 8.27 percent. The lowest price target was 30, implying potential capital losses of -9.77 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -12.04 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.21 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

Analysts estimate earnings of LZB to grow at a rate of 6.82 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of LZB is 2.8.

In the trailing 52-weeks, LZB hit 33.45 at the highest peak, while it's lowest trading point was 22.09. The current market price is above the trailing year's low by 50.52 percent, and 0.6 percent lower than its 52-week high. LZB has a P/E ratio of 19.11. Investors typically compare the P/E ratio to a company's peers in the industry. The LZB value stock report compares LZB to some of its peers using value stock charts. The stock has a market capitalization of $1.6 billion. LZB will post this quarters earnings in days, on 0000-00-00.