New York State Teachers Retirement System Sells La-Z-Boy Incorporated Shares at Defense World
July 27, 2023
☀️Trending News
LA-Z-BOY ($NYSE:LZB): The New York State Teachers Retirement System recently announced it has sold shares of La-Z-Boy Incorporated to Defense World. La-Z-Boy Incorporated is a leading furniture manufacturer with a long history of providing quality products to customers around the world. It specializes in creating stylish and comfortable furniture pieces designed to last for years, as well as home decor and accessories.
Additionally, La-Z-Boy Incorporated boasts a strong portfolio of financial investments, making it an attractive target for financial investors. It is also an indication that Defense World sees the potential for great returns in La-Z-Boy Incorporated’s stock and sees the company as a reliable and profitable investment.
Stock Price
At the beginning of the trading day, the stock opened at $31.4 and closed at $31.1, a decline of 1.3% from the previous closing price of $31.5. This is the second consecutive day that the stock has seen a decline, indicating a downturn in the company’s performance. Although La-Z-Boy Incorporated has yet to release an official statement on the matter, it is likely that investors are wary of the stock due to uncertainties surrounding the company’s future product and financial prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for La-z-boy Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 2.35k | 150.66 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for La-z-boy Incorporated. More…
| Operations | Investing | Financing |
| 205.17 | -70.12 | -37.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for La-z-boy Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.87k | 914.17 | 21.74 |
Key Ratios Snapshot
Some of the financial key ratios for La-z-boy Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.3% | 13.2% | 8.8% |
| FCF Margin | ROE | ROA |
| 5.8% | 14.0% | 6.9% |
Analysis
At GoodWhale, we conducted an analysis of LA-Z-BOY INCORPORATED‘s wellbeing and determined it to be a medium risk investment in terms of financial and business aspects based on the Risk Rating. We have detected one risk warning in the income sheet, which can be viewed by becoming a registered user. By providing our users with comprehensive analysis and insights, we allow them to make sound decisions when considering investments. Our analysis helps to ensure that our users are always aware of potential risks before they make any decisions. More…
Peers
La-Z-Boy Inc is one of the world’s leading furniture manufacturers. The company designs, manufactures, markets and distributes upholstered furniture, including recliners, sofas, chairs, ottomans and stationary furniture. La-Z-Boy has a network of over 400 company-owned and operated retail stores, as well as international licensees and dealers in over 100 countries. Koda Ltd is a publicly traded company on the Tel Aviv Stock Exchange. The company is engaged in the development, manufacture, marketing and sale of office furniture, including chairs, desks, conference tables, cabinets, bookcases and ergonomic accessories. Koda has a network of over 60 retail stores in Israel. Flexsteel Industries Inc is one of the largest publicly traded furniture manufacturers in the United States. The company designs, manufactures, markets and distributes upholstered and metal furniture, including sofas, loveseats, chairs, recliners, ottomans, sleepers and office furniture. Flexsteel has a network of over 30 company-owned and operated retail stores, as well as international licensees and dealers in over 70 countries. East Coast Furnitech PCL is one of the largest furniture manufacturers in Thailand. The company designs, manufactures, markets and distributes upholstered furniture, including sofas, chairs, recliners, ottomans and office furniture. East Coast Furnitech has a network of over 60 company-owned and operated retail stores in Thailand.
– Koda Ltd ($SGX:BJZ)
Koda Ltd. engages in the manufacture and sale of electric vehicles. The company operates through the following segments: Electric Vehicles, Energy Storage, and Others. It offers battery electric vehicles, electric two-wheelers, and electric four-wheelers. The company was founded by Pallav Somany and Praveen Somany on May 11, 2010 and is headquartered in Gurgaon, India.
– Flexsteel Industries Inc ($NASDAQ:FLXS)
Flexsteel Industries, Inc. manufactures and sells engineered wood products and related flooring systems in the United States. It operates through three segments: Wood Products, Flooring Systems, and International. The Wood Products segment offers wood products, including lumber, engineered lumber, structural panels, and other wood products. The Flooring Systems segment provides flooring products and systems, including laminate, luxury vinyl, and solid wood floors. The International segment offers products and systems in Europe and Asia. Flexsteel Industries, Inc. was founded in 1896 and is headquartered in Dubuque, Iowa.
– East Coast Furnitech PCL ($SET:ECF)
East Coast Furnitech Public Company Limited is a Thailand-based company engaged in the manufacture and distribution of office furniture. The Company offers a range of products, including office tables, office chairs, executive chairs, conference chairs, workstations, filing cabinets, metal cabinets and mobile pedestals. It also provides interior design and space planning services. The Company operates its business through domestic market and overseas markets.
Summary
New York State Teachers Retirement System has recently sold a significant amount of its shares in the company. This decision has sparked analysis from investors as to the potential implications of such a move. Many view this move as an indication that the company’s stock valuation may be too high, and that short-term investors may be more likely to benefit from the sale.
Others suggest that the move may signify a lack of confidence in the company’s future prospects, as well as an opportunity for long-term investors to buy in on the dip in stock price. Ultimately, time will tell how La-Z-Boy Incorporated fares in the market following this news, but it is clear that investors are carefully considering the potential implications.
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