La Z Boy stock trades under the ticker LZB & has shown recent bullishness that traders & investors should research further into to plan an entry once markets have become less volatile.
LZB stock closed at $28.85/share on 4/19/2023.
La Z Boy LZB Stock’s Technical Performance Broken Down
LZB Stock Price: $28.85
10 Day Moving Average: $28.16
50 Day Moving Average: $29.23
200 Day Moving Average: $26.28
RSI: 52.84
MACD: -0.235
Yesterday, LZB stock completed a bullish MACD crossover, gaining +1.87% on they day’s session.
Recent trading volumes have been slightly below average, signaling that investors are not certain as to how to price LZB shares currently, amid a turbulent macro environment.
Their RSI is neutral & traders & investors should be watching how they behave at their support & resistance levels in the coming weeks to identify when an opportune entry time may be after volatility cools off.
LZB stock has support at the $28.16 (10 day moving average), $27.81, $27.66 & $27.56, with resistance overhead at $29.21, $29.23 (50 day moving average), $30.05 & $30.17/share price levels.
La Z Boy LZB Stock As A Long-Term Investment
Long-term oriented investors will like LZB stock’s valuation metrics, with a 7.04 P/E (ttm) & a 1.35 P/B (mrq).
They recently reported 0.2% Quarterly Revenue Growth Y-o-Y, with 11.4% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $293.08M of Total Cash (mrq) & $427.29M of Total Debt (mrq).
LZB stock pays a 2.39% dividend, which appears to be sustainable in the long-run, as their payout ratio is 16.83%.
97.2% of LZB stock’s outstanding share float is owned by institutional investors.
La Z Boy LZB Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from movements in LZB stock’s price, while protecting their portfolios from volatility.
I am looking at the contracts with the 5/19 expiration date.
The $25 are the only strike that is currently in-the-money, with open interest at the $30 & $35 strike prices as well.
The $30 & $40 puts are also in-the-money, with the former being more liquid than the latter.
Tying It All Together
LZB stock has many unique characteristics that traders & investors will find appealing.
Investors will like their dividend yield & valuation metrics, but may want to review their balance sheet structure in more detail before investing.
Traders will like their recent technical performance, but may be disappointed in how illiquid their options are.
All-in-all, LZB stock is worth taking a closer look into to see how it fits into your portfolio strategy once market volatility has subsided.
*** I DO NOT OWN SHARES OR CONTRACTS POSITIONS IN LZB STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***