La-Z-Boy Incorporated – Consensus Indicates 45.1% Upside Potential

La-Z-Boy Incorporated with ticker code (LZB) now have 2 analysts covering the stock. Analyst consensus points to a buy rating. The range between the target price high and the target price low is between 59 and 46 calculating the average target price we see 52.5. With the stock’s previous close at 36.18, this now indicates there is 45.1% upside potential. The 50-day moving average is 35.43 and the 200-day MA is 36.39. The company has a market capitalization of $1,611 million. Visit the company’s website at: https://www.la-z-boy.com

The potential market capitalization would be $2,338 million based on market consensus.

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La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstered furniture products, accessories and furniture products in the United States, Canada and abroad. It operates through wholesale and retail segments. The Wholesale segment manufactures and imports upholstered furniture, such as recliners and movable furniture, sofas, loveseats, chairs, sectionals, sectionals, ottomans and sofa beds; and imports, distributes and retails (wooden) storage furniture, including occasional pieces, bedroom sets, dining room sets and entertainment centers. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers and other independent retailers. The Retail segment sells upholstered furniture, storage furniture and other accessories to the end consumer through its retail network. This segment operates a network of 159 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces recliners; and manufactures and distributes residential 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.

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