La-Z-Boy Tumbles, Target Slumps, TJ Maxx Rises on Earnings
On this episode of Stock Movers:
- La-Z-Boy (LZB) shares tumble after the home furniture retailer posted weaker-than-expected first-quarter adjusted earnings per share. KeyBanc notes that the recliner company fell short of its tepid pre-announcement as well.
- Target (TGT) shares slump after the company named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.
- TJ Maxx (TJX) rises after the company raised its full-year earnings per share outlook after better-than-expected results, a sign that shoppers wary of economic uncertainty are turning to discounters.
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