NEW YORK, March 14 (Reuters) - After nearly five straight years of declining sales, living-room furniture maker La-Z-Boy Inc (LZB.N) could be in a turnaround that will add to recent share price gains, according to Barron‘s.
“Even though the shares have had a powerful run in the past 12 months -- they’re now close to $15 -- they aren’t terribly expensive by historical standards,” the weekly business newspaper said in its March 15 edition.
La-Z-Boy’s ratio of enterprise value (stock market value, plus net cash) to Ebitda (earnings before interest, taxes, depreciation and amortization) is 13.34, Barron’s said.
“It’s cheap on the numbers that are out there,” said Matthew McCall, an analyst at BB&T Capital Markets. (Reporting by Ransdell Pierson; editing by Gunna Dickson)