The Consumer Discretionary sector is home to many great stocks, and investors are always on the lookout for companies that stand out from the rest. La-Z-Boy (LZB) is one such stock that has caught the attention of investors this year. By comparing its performance to its peers in the Consumer Discretionary sector, we can determine how well it has been doing.
La-Z-Boy is among the 282 individual stocks in the Consumer Discretionary sector, which currently ranks at #12 in the Zacks Sector Rank. The Zacks Sector Rank takes into account the average Zacks Rank of the individual stocks within the sector groups, listing them from best to worst.
La-Z-Boy currently holds a Zacks Rank of #1 (Strong Buy), indicating that it is a promising stock according to the Zacks stock-picking model that focuses on earnings estimates and revisions. Over the past 90 days, the Zacks Consensus Estimate for LZB’s full-year earnings has increased by 11.8%, showing positive analyst sentiment and an optimistic earnings outlook.
In terms of year-to-date performance, La-Z-Boy has gained about 1%, while the average loss for Consumer Discretionary stocks is 0.8%. This indicates that La-Z-Boy is outperforming its sector this year. Another stock in the Consumer Discretionary sector that has been performing well is Naspers Ltd. (NPSNY), which has returned 16.4% since the beginning of the year.
Both La-Z-Boy and Naspers Ltd. belong to different industries within the Consumer Discretionary sector, with La-Z-Boy in the Furniture industry and Naspers Ltd. in the Cable Television industry. Despite the challenges faced by their respective industries, these two stocks have shown resilience and strong performance.
Investors interested in Consumer Discretionary stocks should keep an eye on La-Z-Boy and Naspers Ltd., as they continue to deliver solid performance. It’s important to stay informed and track the progress of these stocks to make informed investment decisions.