On September 5, 2024, Janet Kerr, Director at La-Z-Boy Inc (NYSE:LZB), executed a sale of 3,890 shares of the company. The transaction was documented in a recent SEC Filing. Following this transaction, the insider now owns 3,372 shares of La-Z-Boy Inc.
La-Z-Boy Inc, known for its production of residential furniture, including upholstered recliners, sofas, stationary chairs, lift chairs, and sleeper sofas, has a current market cap of $1.693 billion. The company’s shares were trading at $40.89 on the day of the sale.
Over the past year, Janet Kerr has sold a total of 8,472 shares of La-Z-Boy Inc and has not made any purchases of the stock. This recent sale continues a trend observed over the last year, where there have been four insider sells and no insider buys.
The price-earnings ratio of La-Z-Boy Inc stands at 14.41, which is below both the industry median of 17.52 and the companys historical median. This valuation metric suggests a potentially lower valuation relative to its peers.
According to the GF Value, the intrinsic value of La-Z-Boy Inc is estimated at $27.92 per share, making the current price of $40.89 signify that the stock is Significantly Overvalued with a price-to-GF-Value ratio of 1.46.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might draw the attention of current and potential investors, especially considering the company’s valuation metrics and the recent trading price relative to its GF Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
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