La-Z-Boy (LZB) Stock Price, News & Analysis

La-Z-Boy's stock was trading at $36.92 at the beginning of the year. Since then, LZB stock has decreased by 11.0% and is now trading at $32.85.
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La-Z-Boy saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,500,000 shares, a decrease of 21.9% from the March 15th total of 3,200,000 shares. Based on an average daily trading volume, of 401,800 shares, the short-interest ratio is presently 6.2 days. Approximately 5.9% of the shares of the company are short sold.
View La-Z-Boy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 18th 2024.
View our LZB earnings forecast.

La-Z-Boy Incorporated (NYSE:LZB) issued its earnings results on Wednesday, February, 21st. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.75 by $0.08. The firm had revenue of $500.40 million for the quarter, compared to the consensus estimate of $523.09 million. La-Z-Boy had a trailing twelve-month return on equity of 13.55% and a net margin of 5.73%. La-Z-Boy's revenue for the quarter was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share.

La-Z-Boy announced a quarterly dividend on Tuesday, February 20th. Investors of record on Tuesday, March 5th will be paid a dividend of $0.20 per share on Friday, March 15th. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, March 4th.
Read our dividend analysis for LZB.

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.36%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 28.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LZB.

ETFs with the largest weight of La-Z-Boy (NYSE:LZB) stock in their portfolio include First Trust Small Cap Value AlphaDEX Fund (FYT) and EA Bridgeway Omni Small-Cap Value ETF (BSVO).First Trust Small Cap Core AlphaDEX Fund (FYX).

La-Z-Boy updated its fourth quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $505.0 million-$535.0 million, compared to the consensus revenue estimate of $544.4 million.

218 employees have rated La-Z-Boy Chief Executive Officer Kurt L. Darrow on Glassdoor.com. Kurt L. Darrow has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other La-Z-Boy investors own include Exxon Mobil (XOM), Chevron (CVX), NVIDIA (NVDA), Enterprise Products Partners (EPD), Home Depot (HD), International Business Machines (IBM), Intel (INTC), Kroger (KR), Lowe's Companies (LOW) and AT&T (T).

La-Z-Boy's stock is owned by a number of retail and institutional investors. Top institutional investors include Bridge City Capital LLC (0.19%) and Cardinal Capital Management (0.08%). Insiders that own company stock include Janet Kerr, Kurt L Darrow, Michael Adam Leggett and Otis S Sawyer.
View institutional ownership trends.

Shares of LZB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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