Fast-paced Momentum Stock La-Z-Boy (LZB) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: La-Z-Boy (LZB) Analysis - La-Z-Boy (LZB) has shown a four-week price change of 15.3%, indicating strong investor interest [3] - LZB has gained 2% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.26, suggesting it moves 26% higher than the market in either direction [4] - LZB holds a Momentum Score of B, indicating a favorable entry point for investors [5] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [6] - LZB is trading at a Price-to-Sales ratio of 0.74, indicating it is reasonably valued at 74 cents for each dollar of sales [6] Group 3: Investment Opportunities - LZB is positioned for further growth, and there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8]