La Z Boy stock trades under the ticker LZB, and has shown recent bullishness that traders & investors should take a closer look into.
LZB stock closed at $26.62/share on 4/8/2022.
La Z Boy LZB Stock’s Technicals Broken Down
LZB Stock Price: $26.62
10 Day Moving Average: $26.64
50 Day Moving Average: $30.11
200 Day Moving Average: $33.36
RSI: 39.99
MACD: -1.029
Yesterday, LZB stock completed a bullish MACD crossover, closing just beneath its 10 day moving average.
Their trading volume this past week has been above average, compared with the prior year’s performance, which when paired with an RSI in the high 30’s looks set to continue climbing higher in the near-term.
LZB stock will need to break through the $26.78, $26.84, $26.97 & $27.30 resistance levels as it continues climbing higher.
La Z Boy LZB Stock As A Long-Term Investment
Long-term oriented investors will like LZB stock’s valuation metrics, with a P/E (ttm) of 9.27 & a P/B (mrq) of 1.49.
They recently reported 21.6% Quarterly Revenue Growth Y-o-Y.
LZB stock’s balance sheet may require an additional detailed dive before investing, as they have reported $252.94M in Total Cash (mrq), with $411.7M Total Debt (mrq).
LZB stock pays a 2.36% dividend yield, which appears sustainable in the long run as their payout ratio is 21.4%.
La Z Boy LZB Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in LZB stock, while hedging against broader market volatility.
I am looking at the contracts with the 5/20 expiration date.
The $25 & $30 calls look interesting, although rather illiquid.
The $30 puts also look appealing, but also have low levels of open interest.
Given that there is an expiration date this coming week, there should be more contracts written in the next 2 weeks, which may fix this problem & provide a wider range of strike prices to take advantage of.
Tying It All Together
All-in-all, LZB stock has many characteristics that traders & investors will both like.
Investors will like their dividend yield & valuation metrics, but may want to research their balance sheet a bit further before investing.
Traders will like their current momentum, but may be disappointed in the current liquidity of their options, until this week passes & April’s expiration date has gone by.
Overall, LZB stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF LZB STOCK ***