La Z Story

<div class='circular--portrait' style='background:#FF6600;color: #FFFAFA;font-size:4em;'>LZ</div>
LZB -- USA Stock  

USD 30.62  0.78  2.48%

It appears La Z will continue to recover much faster as its share price surged up 2.25% today. The company's current daily volatility is 2.58 percent, with a beta of -0.03 and an alpha of 0.63 over DOW. While many traders are getting carried away by overanalyzing consumer goods, it is reasonable to go over La Z Boy. We will cover the possibilities of making La Z into a steady grower in September.
Published over a month ago
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Is La Z (NYSE:LZB) stock way too aggressive for baby boomers?
La Z Boy has roughly 283.52 M in cash with 164.24 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.18. Our trade advice module can be used to complement La Z Boy advice provided by average analyst sentiment. It analyzes the firm's potential to grow using fundamental, technical, data market data available at this time.
Investing in La Z, just like investing in any other equity instrument, is characterized by a strong risk-return correlation. High risks mean high returns and low risk means lower expected returns. Risk management is the act of identifying and assessing the potential risk and developing strategies to minimize these risks and earn maximum possible profits while holding La Z along with other instruments in the same portfolio. Using conventional technical analysis and fundamental analysis to select individual securities into a portfolio complements risk management and adds value to overall investors' investing strategies.

How important is La Z's Liquidity

La Z financial leverage refers to using borrowed capital as a funding source to finance La Z Boy ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. La Z financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between La Z's total debt and its cash.

How La Z utilizes its cash?

To perform a cash flow analysis of La Z, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash La Z is receiving and how much cash it distributes out in a given period. The La Z cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. La Z Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 164.24 Million

La Z Correlation with Peers

Investors in La Z can reduce exposure to individual asset risk by holding a diversified portfolio of assets in addition to a long position in La Z Boy. Diversification will allow for the same portfolio return with reduced risk. The correlation table of La Z and its peers is a two-dimensional matrix that shows the correlation coefficient between pairs of securities La Z is related in some way. The cells in the table are color-coded to highlight significantly positive and negative relationships. Each cell shows the correlation between one pair of equities and can be used to run pair trading strategies or create efficient portfolios with your current brokerage. Please check volatility of La Z for more details

Acquisition by Rebecca OGrady of 3274 shares of La Z subject to Rule 16b-3

Legal trades by La Z insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
La Z insider trading alert for grant of restricted stock units by Rebecca OGrady, the corporate stakeholder, on 8th of September 2020. This event was filed by Lazboy Inc with SEC on 2020-09-08. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking down La Z Indicators

La Z appears to be very steady, given 1 month investment horizon. La Z Boy retains Efficiency (Sharpe Ratio) of 0.22, which conveys that the firm had 0.22% of return per unit of price deviation over the last month. Our approach towards estimating the volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. By reviewing La Z Boy technical indicators you can at this time evaluate if the expected return of 0.55% is justified by implied risk. Please exercise La Z Boy Market Risk Adjusted Performance of (24.22), mean deviation of 2.14, and Standard Deviation of 2.77 to check out if our risk estimates are consistent with your expectations.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Are La Z technical ratios showing a relapse?

La Z current downside deviation builds up over 2.76. La Z Boy currently demonstrates below-verage downside deviation. It has Information Ratio of 0.15 and Jensen Alpha of 0.63. However, we do advice investors to further question La Z Boy expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Takeaway on La Z Investment

Whereas some other entities under the furnishings, fixtures & appliances industry are still a bit expensive, La Z may offer a potential longer-term growth to investors. With a less-than optimistic outlook for your 30 days horizon, it may be a good time to drop some or all of your La Z holdings as it seems the potential growth was already fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to La Z.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of La Z Boy. Please refer to our Terms of Use for any information regarding our disclosure principles.

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