La-Z-Boy Incorporated with ticker code (LZB) have now 2 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 48 and 40 with the average target price sitting at 44. With the stocks previous close at 25.44 this is indicating there is a potential upside of 73.0%. The 50 day moving average now sits at 26.31 while the 200 day moving average is 31.87. The company has a market capitalisation of $1,102m. Company Website: https://www.la-z-boy.com
The potential market cap would be $1,906m based on the market concensus.
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 Wholesale and Retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 159 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.
