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.

A number of analysts gave price targets for LZB. The maximum price target given was 36, implying a possible profit of 8.27 percent. The minimum price target given was 30, which equates to a potential downside of -9.77 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -12.04 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of 2.21 percent in FY estimates.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. 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.

LZB has an estimated earnings growth rate of 6.82 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at 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. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. LZB has a PEG ratio of 2.8.

LZB has traded between a high of 33.45 and a low of 22.09 over the past year. Today's price is 50.52 percent above the 52-week low, and 0.6 percent lower than its 52-week high. LZB has a price/earnings 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.