NYSE:LZB

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

$30.76

-0.12 (-0.39%)

(As of 04:29 PM ET)

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Today's Range: $30.62
▼
$31.09
50-Day Range: $29.23
▼
$33.41
52-Week Range: $21.92
▼
$33.92

Volume: 403,799 shs
Average Volume: 388,735 shs
Market Capitalization: $1.32 billion

P/E Ratio: 9.52
Dividend Yield: 2.37%
Price Target: N/A

La-Z-Boy MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
5.38% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.29
Upright™ Environmental Score
News Sentiment: 0.22
Based on 12 Articles This Week
Insider Trading: Selling Shares
$141,401 Sold Last Quarter
Proj. Earnings Growth: 6.64%
From $2.86 to $3.05 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

Consumer Discretionary Sector

188th out of 276 stocks

Household Furniture Industry

9th out of 9 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for La-Z-Boy.

2.0

Short Interest

Percentage of Shares Shorted
5.38% of the float of La-Z-Boy has been sold short.
Short Interest Ratio / Days to Cover
La-Z-Boy has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in La-Z-Boy has recently decreased by 4.96%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
La-Z-Boy pays a meaningful dividend of 2.35%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
La-Z-Boy has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of La-Z-Boy is 22.60%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, La-Z-Boy will have a dividend payout ratio of 23.93% next year. This indicates that La-Z-Boy will be able to sustain or increase its dividend.

2.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
La-Z-Boy has received a 8.68% net impact score from Upright. La-Z-Boy seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Sofas ", "Wooden storage bins", and "Recliners" products. See details.
Environmental Sustainability
The Environmental Impact score for La-Z-Boy is -2.29.

1.8

News and Social Media Coverage

News Sentiment
La-Z-Boy has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for La-Z-Boy this week, compared to 3 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, La-Z-Boy insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $141,401.00 in company stock.
Percentage Held by Insiders
Only 1.70% of the stock of La-Z-Boy is held by insiders.
Percentage Held by Institutions
96.31% of the stock of La-Z-Boy is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for La-Z-Boy are expected to grow by 6.64% in the coming year, from $2.86 to $3.05 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of La-Z-Boy is 9.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.17.
Price to Earnings Ratio vs. Sector
The P/E ratio of La-Z-Boy is 9.52, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.19.
Price to Book Value per Share Ratio
La-Z-Boy has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About La-Z-Boy (NYSE:LZB) Stock

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Wholesale, Retail, Corporate and Other segments. The Wholesale segment manufactures, and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas; and imports, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, entertainment centers, and occasional pieces. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. The company also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is headquartered in Monroe, Michigan.

LZB Price History

30 days | 90 days | 365 days | Advanced Chart

LZB Stock News Headlines

October 2, 2023 | msn.com

200 yard passers and runners: Vote for the Large Class boys athlete of the week for Sept. 29

October 1, 2023 | msn.com

Volleyball tournament stars and Soccer standouts: Vote for the girls athlete of the week for Sept. 25-30

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

September 30, 2023 | americanbankingnews.com

Janet Kerr Sells 4,582 Shares of La-Z-Boy Incorporated (NYSE:LZB) Stock

September 29, 2023 | yahoo.com

The Everlasting Appeal of the La-Z-Boy Recliner

September 28, 2023 | msn.com

Father Ryan's JoJo Crump is named La Z Boy Furniture Large Class boys athlete of the week

September 28, 2023 | msn.com

Goodpasture's Presley Cavender captures La Z Boy Furniture's girls athlete of the week

September 28, 2023 | finance.yahoo.com

La-Z-Boy Announces Next-Gen 3D Product Configuration with WebAR OnDemand™, Powered by 3D Cloud by Marxent

October 2, 2023 | Behind the Markets (Ad)

[BREAKING] Pentagon to Spend Billions on "Living Missile"

Air Force Magazine calls it "transformational." The Wall Street Journal calls it one of the Pentagon's "highest priorities." National Defense Magazine reports "Eye-popping budget" for it. This small company won the first contract to build them!

September 27, 2023 | finance.yahoo.com

Director Janet Kerr Sells 4,582 Shares of La-Z-Boy Inc (LZB)

September 27, 2023 | mirror.co.uk

Newsboy's horseracing selections for Thursday's four meetings, including Pontefract nap

September 27, 2023 | americanbankingnews.com

La-Z-Boy (NYSE:LZB) Downgraded to "Hold" at StockNews.com

September 25, 2023 | msn.com

VOTE: Who was the Murfreesboro area high school girls athlete of the week for Sept. 18-23?

September 25, 2023 | msn.com

VOTE: Who was the Murfreesboro area high school boys athlete of the week for Sept. 18-23?

September 24, 2023 | msn.com

Nashville area's top volleyball soccer stars highlight girls athlete of the week poll for Sept. 18-23

September 24, 2023 | msn.com

Touchdowns galore: Vote for the Large Class athlete of the week for Sept. 22

September 24, 2023 | thestreet.com

La-Z-Boy Close to Reaching Its '4-4-5' Target in Just Two Years

September 22, 2023 | finance.yahoo.com

Beyond Market Price: Uncovering La-Z-Boy Inc's Intrinsic Value

September 18, 2023 | msn.com

Volleyball, soccer stars seek votes for girls athlete of the Week in the Nashville area

September 7, 2023 | msn.com

La-Z-Boy: Underlying Strength Despite Messy Q1 Earnings

September 3, 2023 | seekingalpha.com

La-Z-Boy goes ex dividend Tuesday

August 31, 2023 | benzinga.com

La-Z-Boy's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

August 28, 2023 | msn.com

Wilmington woman will prop feet up in La-Z-Boy after $200,000 win

August 28, 2023 | news.yahoo.com

Lottery winner has simple plans after NC jackpot — lounging in a new La-Z-Boy chair

August 24, 2023 | finance.yahoo.com

La-Z-Boy Incorporated (NYSE:LZB) Q1 2024 Earnings Call Transcript

August 23, 2023 | finance.yahoo.com

Q1 2024 La-Z-Boy Inc Earnings Call

August 23, 2023 | msn.com

The consumer has gone back to normal seasonality, says La-Z-Boy CEO

See More Headlines

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LZB Company Calendar

Last Earnings: 8/23/2023
Ex-Dividend for 9/15 Dividend: 9/05/2023
Dividend Payable: 9/15/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/29/2023
Fiscal Year End: 4/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Household furniture
Sub-Industry: Home Furnishings
Sector: Consumer Discretionary
Current Symbol: NYSE:LZB
CUSIP: 50533610
CIK: 57131
Web: www.la-z-boy.com
Phone: (734) 242-1444
Fax: 734-457-2005
Employees: 10,500
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $3.23
Trailing P/E Ratio: 9.50
Forward P/E Ratio: 10.72
P/E Growth: N/A
Net Income: $150.66 million
Net Margins: 6.27%
Pretax Margin: 8.57%
Return on Equity: 16.64%
Return on Assets: 8.34%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.89
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $2.35 billion
Price / Sales: 0.56
Cash Flow: $4.77 per share
Price / Cash Flow: 6.43
Book Value: $22.07 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 43,050,000
Free Float: 42,320,000
Market Cap: $1.32 billion
Optionable: Optionable
Beta: 1.10

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Key Executives

Ms. Melinda D. Whittington (Age 55)
Pres, CEO & Director
Comp: $2.45M

Mr. Robert Gerard Lucian (Age 60)
Sr. VP & CFO
Comp: $1.03M

Mr. Robert Sundy II (Age 47)
Pres of La-Z-Boy Brand & Chief Commercial Officer
Comp: $786.33k

Mr. Michael A. Leggett (Age 50)
Sr. VP & Chief Supply Chain Officer
Comp: $836.62k

Ms. Jennifer Lynn McCurry (Age 50)
VP, Corp. Controller & Chief Accounting Officer

Ms. Carol Y. Lee (Age 51)
VP & Chief Information Officer

Ms. Raphael Z. Richmond (Age 53)
VP, Chief Compliance Officer, Chief legal Officer & Gen. Counsel

Ms. Katherine E. Vanderjagt (Age 42)
VP & Chief HR Officer

Mr. Terrence J. Linz (Age 41)
Pres of Portfolio Brands

Ms. Rebecca M. Reeder (Age 54)
Pres of Retail Furniture Galleries

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

LZB Stock - Frequently Asked Questions

How have LZB shares performed in 2023?: La-Z-Boy's stock was trading at $22.82 at the start of the year. Since then, LZB stock has increased by 34.4% and is now trading at $30.67.
View the best growth stocks for 2023 here.
When is La-Z-Boy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our LZB earnings forecast.
How were La-Z-Boy's earnings last quarter?: La-Z-Boy Incorporated (NYSE:LZB) posted its quarterly earnings data on Wednesday, August, 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07. The company had revenue of $481.65 million for the quarter, compared to analysts' expectations of $474.58 million. La-Z-Boy had a trailing twelve-month return on equity of 16.64% and a net margin of 6.27%. La-Z-Boy's revenue was down 20.3% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share.
How often does La-Z-Boy pay dividends? What is the dividend yield for La-Z-Boy?: La-Z-Boy announced a quarterly dividend on Tuesday, August 22nd. Investors of record on Wednesday, September 6th will be paid a dividend of $0.1815 per share on Friday, September 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Tuesday, September 5th.
Read our dividend analysis for LZB.
What ETFs hold La-Z-Boy's stock?: ETFs with the largest weight of La-Z-Boy (NYSE:LZB) stock in their portfolio include First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), 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).
Is La-Z-Boy a good dividend stock?: La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.73 per share and currently has a dividend yield of 2.35%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 23.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LZB.
What guidance has La-Z-Boy issued on next quarter's earnings?: La-Z-Boy issued an update on its second quarter 2024 earnings guidance on Tuesday, August, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $490.00 million-$510.00 million, compared to the consensus revenue estimate of $507.08 million.

What is Kurt L. Darrow's approval rating as La-Z-Boy's CEO?: 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.
What other stocks do shareholders of La-Z-Boy own?: 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).
What is La-Z-Boy's stock symbol?: La-Z-Boy trades on the New York Stock Exchange (NYSE) under the ticker symbol "LZB."
How do I buy shares of La-Z-Boy?: Shares of LZB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is La-Z-Boy's stock price today?: One share of LZB stock can currently be purchased for approximately $30.67.
How much money does La-Z-Boy make?: La-Z-Boy (NYSE:LZB) has a market capitalization of $1.32 billion and generates $2.35 billion in revenue each year. The company earns $150.66 million in net income (profit) each year or $3.23 on an earnings per share basis.
How many employees does La-Z-Boy have?: The company employs 10,500 workers across the globe.
How can I contact La-Z-Boy?: La-Z-Boy's mailing address is ONE LA-Z-BOY DRIVE, MONROE MI, 48162. The official website for the company is www.la-z-boy.com. The company can be reached via phone at (734) 242-1444, via email at investorrelations@la-z-boy.com, or via fax at 734-457-2005.

This page (NYSE:LZB) was last updated on 10/2/2023 by MarketBeat.com Staff

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