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February 19, 2013
16:23 EDTLZBLa-Z-Boy confident in their business model, will continue strategic investments
Kurt L. Darrow, CEO of La-Z-Boy stated, "We are quite pleased with the trends we are seeing in our business. The improving housing market, coupled with what is historically our strongest volume period, makes us cautiously optimistic as we move into Q4. The La-Z-Boy brand is the strongest in the industry, our network of La-Z-Boy branded distribution outlets is vast and our operating platform is efficient. We are confident we have the right business model in place to drive growth and increased profitability and will continue to make strategic investments to support those objectives."
News For LZB From The Last 14 Days
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August 19, 2015
19:52 EDTLZBLa-Z-Boy price target, estimates raised at Barrington
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August 18, 2015
18:32 EDTLZBOn The Fly: After Hours Movers
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16:12 EDTLZBLa-Z-Boy reports Q1 EPS 27c, consensus 21c
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14:51 EDTLZBNotable companies reporting after market close
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14:00 EDTLZBLa-Z-Boy technical comments ahead of results
The shares have largely traded within a range of $25 at the low and $28 at the high since December of last year. With a basing this long in development, breaks of either end of the range take on more importance. Breakouts or breakdowns of long-term ranges generally exhibit stronger price reactions. With price near the top of the range ahead of news, a breakout above $28 on strong bullish news seems probable. Such a breakout would resolve the range bullishly. Resistance levels to watch as potential upside objectives would be at $28.48, $30.23, and $31.22. If the news is bearish surprise, a test to the range low would be possible. It would take a major surprise however to break that range low. Support below $25 is at $24.49 and $23.93.

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