Despite Some Uncomfortable Circumstances, La-Z-Boy Doesn't Deserve A Downgrade
2026-02-08 05:55:30 ET
I have never really been a big fan of the furniture space. It is a highly competitive market that becomes rather commoditized. Competition is fierce, and the high prices of many of the items make it susceptible to economic changes caused by interest rates and potential economic downturns. Even so, there are some players that I have been bullish on in the past. A good example of this is La-Z-Boy Incorporated ( LZB ). Back in August of last year, for instance, after management reported results for the first quarter of the company's 2026 fiscal year, I ended up reaffirming it as a ‘buy’ candidate. Since then, the stock has risen 9.3%. Unfortunately, that's essentially even with the 9.4% rise that the S&P 500 has seen over the same window of time. But at least it's not a decline....
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Despite Some Uncomfortable Circumstances, La-Z-Boy Doesn't Deserve A Downgrade
NASDAQ: LZB
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