La-Z-Boy Stock Gaps Up On Today's Open (LZB)

NEW YORK (TheStreet) -- Shares of La-Z-Boy (NYSE:LZB) were gapping up Thursday morning with an open price 11.1% higher than Wednesday's closing price. The stock closed at $9.90 Wednesday and opened today's trading at $11.

The average volume for La-Z-Boy has been 534,900 shares per day over the past 30 days. La-Z-Boy has a market cap of $494.5 million and is part of the consumer goods sector and consumer durables industry. Shares are up 9.8% year to date as of the close of trading on Wednesday.

La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery products, accessories, and casegoods furniture products under the La-Z-Boy brand name in the United States and Canada. It operates in three segments: Upholstery Group, Casegoods Group, and Retail Group. The company has a P/E ratio of 7.3, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates La-Z-Boy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full La-Z-Boy Ratings Report.

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