Momentum Stock Watch: La-Z-Boy Incorporated (LZB)

Company Profile:

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. The La-Z-Boy Upholstery segment companies are England and La-Z-Boy. The Casegoods segment consists of three brands: American Drew, Hammary, and Kincaid. The company-owned Retail segment includes 155 of the 352 La-Z-Boy Furniture Galleries stores. Joybird is an e-commerce retailer and manufacturer of upholstered 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.

Recent News:

The company will be discussing their earnings results in their 2020 First Quarter Earnings to be held on August 21, 2019 at 8:30 AM Eastern Time.

The company reported consolidated sales in the first quarter of fiscal 2020 increased 7.5% to $413.6 million, driven by strong Retail performance. Non-GAAP operating margin increased to 6.3% in the current-year quarter versus 6.1% in last year’s first quarter. Non-GAAP EPS was $0.42 versus $0.39 in last year’s first quarter.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

LZB’s strengths can be seen in its better profitability and better efficiency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the MACD is trying to cross back up and the RSI(14) stands at 50.26 with positive bias. We rate La-Z-Boy Incorporated (LZB) a STRONG BUY.