Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate La-Z-Boy Inc before investing.

In this article, we go over a few key elements for understanding La-Z-Boy Inc’s stock price such as:

• La-Z-Boy Inc’s current stock price and volume
• Why La-Z-Boy Inc’s stock price changed recently
• Upgrades and downgrades for LZB from analysts
• LZB’s stock price momentum as measured by its relative strength

About La-Z-Boy Inc (LZB)

Before we jump into La-Z-Boy Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

La-Z-Boy Incorporated is a global producer of reclining chairs and the manufacturer/distributor of residential furniture in the United States. The Company manufactures, markets, imports, exports, distributes and retails upholstery furniture products under the La-Z-Boy, England, Kincaid, and Joybird tradenames. Its segments include the Wholesale segment and the Retail segment. Its Retail segment primarily sells upholstered furniture, in addition to some casegoods and other home furnishing accessories, to end consumers through its Company-owned La-Z-Boy Furniture Galleries stores. Its Wholesale segment manufactures and imports upholstered and casegoods (wood) furniture and sells directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, branded space locations, England Custom Comfort Center locations, dealers, and a cross-section of other independent retailers. It sells its products through multiple channels to furniture retailers or distributors.

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La-Z-Boy Inc’s Stock Price as of Market Close

As of September 09, 2024, 4:00 PM, CST, La-Z-Boy Inc’s stock price was $38.35.

La-Z-Boy Inc is down 5.26% from its previous closing price of $40.48.

During the last market session, La-Z-Boy Inc’s stock traded between $39.93 and $40.59. Currently, there are 42.05 million shares of La-Z-Boy Inc stock available for purchase.

La-Z-Boy Inc’s price-earnings (P/E) ratio is currently at 14.4, which is low compared to the Home Furnishings industry median of 18.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

La-Z-Boy Inc Stock Price History

La-Z-Boy Inc’s (LZB) price is currently down 5.47% so far this month.

During the month of September, La-Z-Boy Inc’s stock price has reached a high of $41.40 and a low of $38.28.

Over the last year, La-Z-Boy Inc has hit prices as high as $45.23 and as low as $27.92. Year to date, La-Z-Boy Inc’s stock is up 68.05%.

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What Caused La-Z-Boy Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 06, 2024, there were 3 analysts who downgraded La-Z-Boy Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate La-Z-Boy Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on La-Z-Boy Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

La-Z-Boy Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about La-Z-Boy Inc (LZB) by visiting AAII Stock Evaluator.

Relative Price Strength of La-Z-Boy Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 06, 2024, La-Z-Boy Inc has a weighted four-quarter relative price strength of 4.25%, which translates to a Momentum Score of 76 and is considered to be Strong.

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La-Z-Boy Inc Stock Price: Bottom Line

As of September 9, 2024, La-Z-Boy Inc’s stock price is $38.35, which is down 5.26% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like La-Z-Boy Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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