Sidoti analyst Anthony Lebiedzinski maintained a Hold rating on LaZBoy (NYSE:LZB) on Friday, setting a price target of $29, which is approximately 0.85% below the present share price of $29.25.
Lebiedzinski expects LaZBoy to post earnings per share (EPS) of $0.75 for the second quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Hold rating of shares in LaZBoy, with an average price target of $22.67.
The analysts price targets range from a high of $29 to a low of $14.
In its latest earnings report, released on 01/31/2020, the company reported a quarterly revenue of $475.86 million and a net profit of $52.31 million. The company's market cap is $1.35 billion.
According to TipRanks.com, Sidoti analyst Anthony Lebiedzinski is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.2% and a 68.97% success rate.
La-Z-Boy, Inc. engages in the production of reclining chairs and manufacture and distribution of residential furniture. It operates through the following segments: Upholstery, Casegoods, Retail, and Corporate and Other. The Upholstery segment manufactures and imports recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. The Casegoods segment markets and distributes wood furniture such as bedroom sets, dining room sets, entertainment centers, and occasional pieces; and also manufactures some custom upholstered furniture. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories, to the end consumer through the retain network. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.