Home Furnishings & Fixtures: Fortune Brands Home & Security (NYSE:FBHS), La-Z-Boy (NYSE:LZB), Tempur Sealy (NYSE:TPX), Leggett & Platt (NYSE:LEG), ROI Acquisition (NASDAQ:EVRY)

Posted by on Jun 18, 2014

On June 2, Fortune Brands Home & Security Inc (NYSE:FBHS) announced its Board of Directors has authorized the repurchase of up to $250 million of shares of the Company’s common stock over the next two years on the open market or in privately negotiated transactions in accordance with applicable securities laws. The purchases, if made, will occur from time to time depending on market conditions. This authorization does not obligate the Company to repurchase any dollar amount or number of shares of common stock. This authorization is in effect until June 2, 2016 and may be suspended or discontinued at any time. Fortune Brands Home & Security Inc (NYSE:FBHS) net profit margin is 5.50% and weekly performance is -3.44%. On last trading day company shares ended up $39.24. Analysts mean target price for the company is $ 48.11. Fortune Brands Home & Security Inc (NYSE:FBHS) distance from 50-day simple moving average (SMA50) is -1.99%.

La-Z-Boy Inc. on Tuesday said its furniture galleries posted their first quarterly decline in same-store sales in 3½ years to end fiscal 2014, hurt by severe weather. “Although sales in the upholstery segment were up slightly, we believe they were adversely impacted by weather issues beginning in the third quarter, affecting the written order rate, and extending into the fourth quarter, particularly in February,” La-Z-Boy Incorporated (NYSE:LZB) shares advanced 5.12% in last trading session and ended the day on $24.84. LZB Gross Margin is 34.10% and its return on assets is 9.50%. La-Z-Boy Incorporated (NYSE:LZB) quarterly performance is -11.13%.

Bank of America restated their positive rating on shares of Tempur Sealy International (NYSE:TPX) in a research note issued to investors on Monday. Tempur Sealy International Inc (NYSE:TPX) shares moved up 0.23% in last trading session and was closed at $57.77, while trading in range of $56.81 – $58.13. Tempur Sealy International Inc (NYSE:TPX) year to date (YTD) performance is 7.06%.

On May 7, 2014, Leggett & Platt, Inc. (NYSE:LEG)’s Board of Directors announced a dividend of $.30 per share for the second quarter, a 3.4% increase versus the dividend declared in the second quarter 2013. The dividend will be paid on July 15, 2014 to shareholders of record on June 13, 2014. Leggett & Platt, Inc. (NYSE:LEG) ended the last trading day at $33.66. Company weekly volatility is calculated as 1.45% and price to cash ratio as 17.38. Leggett & Platt, Inc. (NYSE:LEG) showed a negative weekly performance of -0.27%.

OI Acquisition Corp (NASDAQ:EVRY) was the recipient of a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 2,077,304 shares, an increase of 30.2% from the May 15th total of 1,595,950 shares, American Banking & Market News reports. Based on an average daily trading volume, of 368,167 shares, the short-interest ratio is currently 5.6 days. Approximately 24.0% of the company’s shares are sold short. ROI Acquisition Corp (NASDAQ:EVRY) shares moved up 3.15% in last trading session and was closed at $1.31, while trading in range of $1.27 – $1.36.

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