On August 26, 2024, Jennifer Mccurry, Chief Accounting Officer of La-Z-Boy Inc (NYSE:LZB), completed a sale of 4,414 shares of the company’s stock. The transaction was reported through an SEC filing on the same day. Following this transaction, the insider now owns 13,236 shares of La-Z-Boy Inc.
Known for manufacturing home furniture such as upholstered recliners, sofas, armchairs, riser chairs and sleeper sofas, La-Z-Boy Inc. operates in the furniture industry, which has experienced volatile market dynamics. The company’s stock price was $41.31 on the day of the transaction, giving the company a market capitalization of approximately $1.705 billion.
La-Z-Boy Inc.’s price-to-earnings ratio is 14.51, which is below the industry median of 17.53 and the company’s historical median. This valuation metric suggests a potentially lower valuation compared to peers and historical figures.
According to GF Value, La-Z-Boy Inc.’s intrinsic value is estimated at $27.90 per share, so the current price of $41.31 implies a Price to GF Value ratio of 1.48. This suggests that the stock is significantly overvalued based on GuruFocus’ intrinsic value, which takes into account historical trading multiples, an adjustment factor based on past earnings and growth, and estimates of future business performance.
There were no insider purchases and three insider sales at La-Z-Boy Inc. over the past year, reflecting a possible trend among insiders. Insider Jennifer Mccurry did not buy any shares, but sold a total of 4,414 shares during the same period.
This insider activity and current valuation metrics provide a snapshot of La-Z-Boy Inc.’s financial and market position that may be of interest to investors watching insider behavior and company valuation trends.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
