La-Z-Boy Reaches New 52-Week High (LZB)

NEW YORK ( TheStreet) -- La-Z-Boy (NYSE: LZB) hit a new 52-week high Thursday as it is currently trading at $13.93, above its previous 52-week high of $13.85 with 46,686 shares traded as of 10:19 a.m. ET. Average volume has been 609,100 shares over the past 30 days.

La-Z-Boy has a market cap of $693.3 million and is part of the consumer goods sector and consumer durables industry. Shares are up 15.5% 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 9.6, below the average consumer durables industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates La-Z-Boy as a buy. 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, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full La-Z-Boy Ratings Report.

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