Shares of La-Z-Boy Incorporated (NYSE:LZB) were gapping up Wednesday morning with an open price 11.8% higher than Tuesday closing price. The stock closed at $8.28 yesterday and opened today's trading at $9.26.
NEW YORK ( TheStreet) -- Shares of La-Z-Boy Incorporated (NYSE: LZB) were gapping up Wednesday morning with an open price 11.8% higher than Tuesday's closing price. The stock closed at $8.28 Tuesday and opened today's trading at $9.26. The average volume for La-Z-Boy has been 508,200 shares per day over the past 30 days. La-Z-Boy has a market cap of $435.1 million and is part of the consumer goods sector and consumer durables industry. La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery products and wood casegoods furniture products under the La-Z-Boy 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 15.2, below the average consumer durables industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates La-Z-Boy as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full La-Z-Boy Ratings Report. Get more investment ideas from our investment research center.