If you are wondering whether La-Z-Boy is attractively priced right now, the key question is how its current share price lines up with its underlying fundamentals.
The stock closed at US$37.13, with returns of 6.1% decline over 7 days, 1.7% decline over 30 days and 0.5% decline year to date, while the 1 year return sits at 18.4% decline, and 3 year and 5 year returns are 37.8% and 8.0% respectively.
Recent price moves have put a fresh spotlight on how the market views La-Z-Boy’s long term prospects and risk profile. This makes it a useful moment to step back, compare the current price with different measures of value and consider whether sentiment might be out of line with fundamentals.
