La-Z-Boy (LZB) Shares Surge 11% on Q4 Beat and Better Than Expected Guidance

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La-Z-Boy (LZB) PT Lowered to $32 at Raymond James

June 23, 2022 10:42 AM EDT

Raymond James analyst Bobby Griffin lowered the price target on La-Z-Boy (NYSE: LZB) to $32.00 (from $40.00) while maintaining a Outperform rating.

"reaffirm our Outperform rating but trim our target to $32, from $40, on LZB reflecting recent multiple compression across the space and... More

La-Z-Boy (LZB) Tops Q4 EPS by 15c, Offers Guidance

June 21, 2022 4:17 PM EDT

(Updated - June 21, 2022 4:24 PM EDT)

La-Z-Boy (NYSE: LZB) reported Q4 EPS of $1.07, $0.15 better than the analyst estimate of $0.92. Revenue for the quarter came in at $685 million versus the consensus estimate of $664.91 million.

Guidance:

La-Z-Boy sees Q1 revenue of $560 to $575... More