This summary was created by AI, based on 1 opinions in the last 12 months.
La-Z-Boy Inc. (LZB-N) is a top pick with a strong management team and a history of consistent earnings growth. Despite some challenges during the pandemic, the supply chain issues have been resolved, and the company is still seen as a good opportunity due to its relatively low 13x earnings. The decision to buy back franchises is expected to further enhance profitability, making it an appealing investment.
Average US house price is down only 3% from highs. Homebuilders are getting through this downturn quite nicely, and the homebuilders index is hitting 52-week highs. LZB will benefit. Less than 10x earnings, solid dividend, revenue will do well coming off supply chain issues. Yield is 2.56%.
(Analysts’ price target is $43.00)Chart shows this is trying to get through its high of December. It has a great little trend underneath that. Has been pretty volatile. Indicators are sort of turning up. This could possibly come back to $28 still, which is where the long-term trend is, but he doesn’t expect that to happen. There is a good level at around $30 you could look at, or you could wait for the breakout above $33. Take a half position, because a lot of times breakouts have to come back to get retested.
He likes it from a macro point of view. From a company specific point of view they are doing good things. They want to grow their business by 400 stores in 5 years. Their margins are improving from 2.5% to 5% and he thinks they are on the way to 7%.
(A Top Pick Aug 26/15. Up 10.69%.) This is really a story about the housing market. There needs to be a lot more household formations to satisfy the population growth. 5 years ago, net margins were about 2%, last year they were 5%, and by the end of the decade he thinks they will be over 7%.
This is a play on the housing recovery, which is very, very nascent. Household formations are still well below historic levels. This company is going to be a beneficiary of that. Very, very well-managed. You are going to see a higher beta on a stock like this, and he would suggest that you stay with this over the long-term, and not be too sensitive to the ups and downs. Thinks it will pay you over time.
La-Z-Boy Inc. is a American stock, trading under the symbol LZB-N on the New York Stock Exchange (LZB). It is usually referred to as NYSE:LZB or LZB-N
In the last year, 1 stock analyst published opinions about LZB-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for La-Z-Boy Inc..
La-Z-Boy Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for La-Z-Boy Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered La-Z-Boy Inc. In the last year. It is a trending stock that is worth watching.
On 2024-12-03, La-Z-Boy Inc. (LZB-N) stock closed at a price of $45.22.
Lumpy during pandemic, supply chain now sorted out. Strong management. Earnings have grown average 15% over last 10 years. 13x earnings, still a good opportunity. Buying back franchises will enhance profitability.