LZB Should I Buy
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La-Z-Boy Inc (LZB) is not a strong buy at this moment for a beginner investor with a long-term strategy. While the stock has some positive indicators such as bullish moving averages and a recent analyst upgrade, the financial performance is lackluster with declining net income and EPS. Additionally, there are no strong trading signals or significant catalysts to suggest immediate upside potential. Holding off for now and monitoring further developments would be prudent.
The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200), but the MACD is negatively expanding (-0.0262) and RSI is neutral at 39.569. Key support is at 36.293, and resistance is at 38.913. The stock is trading near its pivot level of 37.603, indicating a lack of strong momentum.
Recent analyst upgrade from Neutral to Buy with a price target increase to $
Bullish moving averages indicating a potential upward trend.
Declining financial performance in Q2 2026, with net income down -3.93% YoY and EPS down -1.41% YoY.
No significant hedge fund or insider trading activity.
Lack of recent news or event-driven catalysts.
No recent congress trading data.
In Q2 2026, revenue increased slightly by 0.28% YoY to $522.48M, but net income dropped by -3.93% YoY to $28.86M. EPS also declined by -1.41% YoY to 0.7, and gross margin fell marginally to 44.24%. Overall, the financial performance indicates stagnation and slight declines in profitability.
Sidoti upgraded La-Z-Boy to Buy from Neutral with a price target of $39, up from $36, indicating moderate optimism from analysts.
