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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

16:19
08/20/19
08/20
16:19
08/20/19
16:19

La-Z-Boy CEO says 'home furnishings environment remains somewhat challenging'

CEO Darrow concluded, "The home furnishings environment remains somewhat challenging amid tariff uncertainty and other geopolitical concerns. Against that backdrop, however, we continue to believe La-Z-Boy is competitively well positioned with a strong brand; multi-channel distribution, including a growing retail business; and a world-class supply chain, which we continue to work to optimize. Additionally, we are optimistic about the long-term growth prospects for Joybird as our eCommerce strategy and business continue to evolve. Our balance sheet remains healthy and we are making prudent investments to deliver long-term performance for all stakeholders."

  • 21

    Aug

  • 27

    Aug

LZB La-Z-Boy
$30.55

-1.325 (-4.16%)

08/23/18
08/23/18
DOWNGRADE

Sector Weight
La-Z-Boy downgraded to Sector Weight on valuation at KeyBanc
As previously reported, KeyBanc analyst Bradley Thomas downgraded La-Z-Boy to Sector Weight from Overweight on valuation. With the stock 20%-plus year over year and valuation elevated, the analyst believes the risk/reward for shares is more balanced on a six-month time frame. Thomas sees organic sales moderating from Q1, and incremental margin pressure in the quarters ahead. Lastly, while difficult to quantify, China tariffs could lead to downside to his current EPS estimates if exemptions are not made for the industry.
08/23/18
08/23/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Duluth Holdings (DLTH) downgraded to Neutral from Outperform at Baird. 2. La-Z-Boy (LZB) downgraded to Sector Weight from Overweight at KeyBanc with analyst Bradley Thomas citing valuation. 3. PermRock Royalty Trust (PRT) downgraded to Hold from Buy at Stifel with analyst Timothy Howard saying he believes significant long-term value remains in the trust, but cites "elevated" capital spending in the near term and "Permian differential uncertainty" for the downgrade. 4. ABM (ABM) downgraded to Neutral from Outperform at Baird with analyst Andrew Wittmann saying he sees the risk/reward as more balanced given near-term uncertainties and a possible risk to near-term guidance. 5. Coca-Cola Amatil (CCLAY) downgraded to Sell from Neutral at UBS and to Neutral from Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
12/17/18
SIDC
12/17/18
UPGRADE
Target $34
SIDC
Buy
La-Z-Boy upgraded to Buy from Neutral at Sidoti
Sidoti analyst Anthony Lebiedzinski upgraded La-Z-Boy to Buy from Neutral following a 34% decline in the shares since August. He believes the company is well-positioned to deal with tariffs compared to most peers and sees it product mix skewed to upholstery helping it continue to profitably increase revenue. Lebiedzinski keeps a $34 price target on La-Z-Boy shares.
06/06/19
SIDC
06/06/19
DOWNGRADE
Target $35
SIDC
Neutral
La-Z-Boy downgraded to Neutral from Buy at Sidoti
Sidoti analyst Anthony Lebiedzinski downgraded La-Z-Boy to Neutral from Buy and lowered his price target on the shares to $35 from $38 after the company pre-announced FY19 sales and earnings that were below consensus estimates. The Trump administration's threats for tariffs on goods imported from Mexico adds another layer of risk given La-Z-Boy's reliance on cut-and-sew kits from a Mexico facility and Joybird's manufacturing plant in Tijuana, Lebiedzinski said.

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ATUS

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CHD

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UNT

Unit Corp.

$4.08

0.76 (22.89%)

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WLL

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SEMG

SemGroup

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CI

Cigna

$160.67

-0.41 (-0.25%)

09:58
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Cigna management to meet with RBC Capital »

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GM

General Motors

$37.76

-1.07 (-2.76%)

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General Motors, UAW restart talks as workers strike, Reuters reports »

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USIO

Usio

$2.23

(0.00%)

09:57
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JPM

JPMorgan

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  • 15

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MTNOY

MTN Group

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  • 18

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KR

Kroger

$25.93

-0.32 (-1.22%)

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MUR

Murphy Oil

, DO

Diamond Offshore

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HAL

Halliburton

$21.87

1.605 (7.92%)

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  • 21

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ATRA

Atara Biotherapeutics

$14.61

-0.55 (-3.63%)

09:51
09/16/19
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09:51
Downgrade
Atara Biotherapeutics rating change  »

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  • 16

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WBS

Webster Financial

$48.58

-0.71 (-1.44%)

09:50
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Webster Financial management to meet with Wedbush »

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VST

Vistra Energy

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EYE

National Vision

$30.20

-0.46 (-1.50%)

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ZYNE

Zynerba

$11.91

-0.27 (-2.22%)

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VNE

Veoneer

$17.68

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  • 17

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ABR

Arbor Realty

$12.88

0.04 (0.31%)

09:45
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Conference/Events
Arbor Realty management to meet with JPMorgan »

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  • 18

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LHX

L3Harris Technologies

$211.04

3.42 (1.65%)

09:45
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General news
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UPS

UPS

$122.66

(0.00%)

09:43
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  • 17

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ARWR

Arrowhead

$29.91

(0.00%)

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ALDR

Alder Biopharmaceuticals

$10.05

(0.00%)

09:42
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  • 26

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