Published on 17 Apr 2024 on Simply Wall St. via Yahoo Finance
The three-year underlying earnings growth at La-Z-Boy (NYSE:LZB) is promising, but the shareholders...
For many investors, the main point of stock picking is to generate higher returns than the overall market. But in any portfolio, there are likely to be some stocks that fall short of that benchmark. We regret to report that long term La-Z-Boy Incorporated (NYSE:LZB) shareholders have had that experience, with the share price dropping 22% in three years, versus a market return of about 16%. More recently, the share price has dropped a further 10% in a month.
Since La-Z-Boy has shed US$148m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.