Home Furnishings

By 1:08 p.m., Dow had lost 8.39, or 0.08%, to 10,312.64, while the broader Standard & Poor's 500 index slipped 0.71, or 0.06%, to 1,102.22. The Nasdaq composite index rose 0.44, or 0.02%, to 2234.66. The industries that are driving the market today are: Textile Industrial: The top gainer of the...

La-Z Boy’s (NYSE: LZB) shares registered a 10% rise touching a three-year high on Wednesday, as the company reported better-than-expected Q3 profit. Shares were trading at $13.23 at 1.58 p.m. New York time. It reported adjusted earnings of 17 cents per share beating analysts’ estimates of 9 cents...

La-Z-Boy Inc. (NYSE: LZB) reported net income of $11 million or $0.21 per share versus a loss of $64.5 million or $1.25 per share in the year ago period. Revenues increased by 5.7% to $305.1 million from $288.6 million in last year's corresponding quarter. Wall Street analysts had been expecting...

Ethan Allen Interiors (NYSE: ETH) reported its Q4 losses at $0.06 as compared to the Street view of losses of $0.02. ETH’s revenues for the quarter came at $143.3 million versus the consensus of $149.04 million. ETH’s Chairman, President and CEO, Farooq Kathwari, commented, "The challenges of the...

John Fitzgibbons, partner and head of wealth management at ThinkEquity, shared his market outlook with CNBC. He said that he is maintaining a cautious approach towards the markets. According to him, investors are looking for a reinsurance about the spending ability of U.S. consumer. He stated that...

Leggett & Platt (NYSE: LEG) will post last quarter’s earning results after the market closes on Thursday. The home furnishings and fixture company is expected to earn $0.24 per share versus $0.03 for the same quarter a year ago. Leggett & Platt posted a surprise ‘beat’ last quarter, but...

Furniture Brands International Inc. (NYSE: FBN) announced that it expects that net sales for the fourth quarter of 2009 will be in the range of $280 million to $290 million. This is lower than the analysts’ expectation of net sales of $311 million for the fourth quarter. Furniture Brands...

Below are the top 5 mid-cap consumer goods stocks on the NASDAQ and the NYSE in terms of return on equity. The return on equity offered by Pitney Bowes Inc (NYSE: PBI) stands at 182.04. PBI’s market capitalization is $4.5 billion. Brean Murray upgraded PBI from “hold” to “buy.” The return on equity...

Mattress makers' shares rose on Wednesday, a day after Tempur-Pedic International Inc (NYSE: TPX) forecast fourth quarter and 2010 results ahead of market estimates due to a better-than-expected macro environment. Shares of Tempur-Pedic International Inc and Select Comfort Corp (NASDAQ: SCSS)...

Sales improved significantly for Tempur-Pedic International (NYSE: TPX) in the fourth quarter, growing by 28-29% as against implied guidance of 8-16%, backed by improved macroeconomic trends, good traction in the new Ask Me ad campaign and retail promotional initiatives. With the management...

Analysts at Longbow Research have upgraded the shares of Tempur-Pedic International Inc. (NYSE: TPX) from Neutral to Buy. Analysts have set a price target of $32 for the Tempur-Pedic stock. Analysts at Longbow believe that the consensus EPS expectations for 4Q09 and FY10 are too low. Based on the...

JPMorgan upgraded its rating for Mohawk Industries, Inc. (NYSE: MHK)(FREE stock trend analysis) from Neutral to Overweight and its price target from $37 to $53.50. The upgrade was attributed to Mohawk’s recent underperformance after issuing the 4Q guidance below consensus and JPMorgan’s 2010E EPS...

Pactiv Corporation (NYSE: PTV)(FREE stock trend analysis) was today upgraded by KeyBanc Capital Markets from Hold to Buy with a price target of $30. Pactiv Corporation is now trading at $24.13, 0.92% up in the pre-market session. So far in 2009, PTV declined by 3%. Mohawk Industries, Inc. (NYSE:...

John Stossel's new TV program "Stossel" premiers tonight on FOX Business News (FBN) at 8 p.m. and will be repeated tommorow (Friday) at 10 p.m. According to John:  My first show, Thursday Dec. 10, will be on Ayn Rand’s novel Atlas Shrugged or on Global Warming. Then I’ll do one on health care. FBN...