NYSE:LZB La-Z-Boy (LZB) Stock Forecast, Price & News $26.94 +0.27 (+1.01%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$26.56▼$27.1250-Day Range$26.67▼$29.7752-Week Range$21.92▼$33.06Volume265,600 shsAverage Volume246,202 shsMarket Capitalization$1.16 billionP/E Ratio6.68Dividend Yield2.71%Price Target$32.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability La-Z-Boy MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside18.8% Upside$32.00 Price TargetShort InterestBearish7.32% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.85Upright™ Environmental ScoreNews Sentiment0.45Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-17.22%From $3.60 to $2.98 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.89 out of 5 starsConsumer Discretionary Sector225th out of 278 stocksHousehold Furniture Industry8th out of 9 stocks 2.0 Analyst's Opinion Consensus RatingLa-Z-Boy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.00, La-Z-Boy has a forecasted upside of 18.8% from its current price of $26.94.Amount of Analyst CoverageLa-Z-Boy has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.32% of the float of La-Z-Boy has been sold short.Short Interest Ratio / Days to CoverLa-Z-Boy has a short interest ratio ("days to cover") of 8.6.Change versus previous monthShort interest in La-Z-Boy has recently increased by 1.95%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldLa-Z-Boy pays a meaningful dividend of 2.69%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthLa-Z-Boy has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of La-Z-Boy is 18.11%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, La-Z-Boy will have a dividend payout ratio of 24.50% next year. This indicates that La-Z-Boy will be able to sustain or increase its dividend. Previous Next 2.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLa-Z-Boy has received a 21.04% 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 SustainabilityThe Environmental Impact score for La-Z-Boy is -1.85. Previous Next 2.5 News and Social Media Coverage News SentimentLa-Z-Boy has a news sentiment score of 0.45. 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 0.63 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for La-Z-Boy this week, compared to 3 articles on an average week.Search Interest9 people have searched for LZB on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, La-Z-Boy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.83% of the stock of La-Z-Boy is held by insiders.Percentage Held by Institutions96.55% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for La-Z-Boy are expected to decrease by -17.22% in the coming year, from $3.60 to $2.98 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of La-Z-Boy is 6.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.82.Price to Earnings Ratio vs. SectorThe P/E ratio of La-Z-Boy is 6.68, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.54.Price to Book Value per Share RatioLa-Z-Boy has a P/B Ratio of 1.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About La-Z-Boy (NYSE:LZB) StockLa-Z-Boy, Inc. engages in the production of reclining chairs and manufacture and distribution of residential furniture. It operates through the following segments: Wholesale, Retail, and Corporate and Other. 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 casegoods (wood) furniture, such as occasional pieces, bedroom sets, dining room sets and entertainment centers. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories to the end consumer through the retain network. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.Read More Receive LZB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for La-Z-Boy and its competitors with MarketBeat's FREE daily newsletter. Email Address LZB Stock News HeadlinesMay 20, 2023 | seekingalpha.comLZB La-Z-Boy IncorporatedMay 17, 2023 | marketwatch.comArmchairs with Footrest Market 2023 Rising Demand, Size, Share and Top Manufacturers – Ashley Furniture Industries, Heritage Home Group, La-Z-BoyMay 30, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.May 10, 2023 | finance.yahoo.comLa-Z-Boy Furniture Store in Davenport Offers Full Range of Comfortable Furniture with Interior Design ServicesMay 10, 2023 | forbes.comWriting Calls And Reclining With June Dividend From La-Z-BoyMay 5, 2023 | msn.comDividend Roundup: Apple, PepsiCo, UPS, Visa and moreMay 5, 2023 | msn.comLa-Z-Boy (LZB) Declares $0.18 DividendMay 1, 2023 | seekingalpha.comLa-Z-Boy: Resting On Limited DownsideMay 30, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.April 26, 2023 | finance.yahoo.comLa-Z-Boy Incorporated (NYSE:LZB) Shares Could Be 25% Above Their Intrinsic Value EstimateApril 18, 2023 | marketwatch.comTrading La-z-boy $LZB With Integrated Risk ControlsApril 18, 2023 | msn.comAre Investors Undervaluing LaZBoy (LZB) Right Now?April 14, 2023 | seekingalpha.comLa-Z-Boy: A Strong Buy For Conservative InvestorsApril 11, 2023 | finance.yahoo.comInvesting in La-Z-Boy (NYSE:LZB) three years ago would have delivered you a 41% gainApril 4, 2023 | finance.yahoo.comRebecca Reeder Appointed President, Retail La-Z-Boy Furniture GalleriesMarch 30, 2023 | finance.yahoo.comRH CEO blames Fed, inflation, stock market, and banking crisis for business weaknessMarch 28, 2023 | seekingalpha.comLa-Z-Boy (LZB) Investor Presentation - SlideshowMarch 22, 2023 | finance.yahoo.comZacks Industry Outlook Highlights WillScot Mobile Mini Holdings, La-Z-Boy and Flexsteel IndustriesMarch 1, 2023 | finance.yahoo.comLa-Z-Boy Appoints Mark S. LaVigne to Board of DirectorsFebruary 27, 2023 | finance.yahoo.comLa-Z-Boy to Present at Raymond James 44th Annual Institutional Investors ConferenceFebruary 25, 2023 | fool.comWhy La-Z-Boy Stock Jumped 14% This Past WeekFebruary 24, 2023 | finance.yahoo.comLa-Z-Boy Incorporated (LZB) Hit a 52 Week High, Can the Run Continue?February 23, 2023 | finance.yahoo.comLa-Z-Boy Stock Clears Key Benchmark, Hitting 90-Plus RS RatingFebruary 22, 2023 | fool.comWhy La-Z-Boy Stock Was Having a Busy WednesdayFebruary 21, 2023 | finance.yahoo.comLa-Z-Boy (LZB) Q3 Earnings and Revenues Surpass EstimatesFebruary 21, 2023 | finance.yahoo.comLa-Z-Boy Reports Strong Fiscal 2023 Third-QuarterFebruary 21, 2023 | finance.yahoo.comLa-Z-Boy’s stock climbs on earnings beatSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive LZB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for La-Z-Boy and its competitors with MarketBeat's FREE daily newsletter. Email Address LZB Company Calendar Last Earnings2/22/2023Ex-Dividend for 3/15 Dividend3/06/2023Dividend Payable3/15/2023Today5/29/2023Ex-Dividend for 6/15 Dividend6/01/2023Dividend Payable6/15/2023Next Earnings (Estimated)6/20/2023Fiscal Year End4/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Household furniture Sub-IndustryHome Furnishings SectorConsumer Discretionary Current SymbolNYSE:LZB CUSIP50533610 CIK57131 Webwww.la-z-boy.com Phone(734) 242-1444Fax734-457-2005Employees12,800Year FoundedN/APrice Target and Rating Average Stock Price Forecast$32.00 High Stock Price Forecast$32.00 Low Stock Price Forecast$32.00 Forecasted Upside/Downside+18.8%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$4.03 Trailing P/E Ratio6.68 Forward P/E Ratio7.48 P/E GrowthN/ANet Income$150.02 million Net Margins7.03% Pretax Margin9.60% Return on Equity19.77% Return on Assets9.07% Debt Debt-to-Equity RatioN/A Current Ratio1.67 Quick Ratio1.07 Sales & Book Value Annual Sales$2.36 billion Price / Sales0.49 Cash Flow$4.13 per share Price / Cash Flow6.53 Book Value$18.96 per share Price / Book1.42Miscellaneous Outstanding Shares43,140,000Free Float42,351,000Market Cap$1.16 billion OptionableOptionable Beta1.11 Key ExecutivesMelinda D. WhittingtonPresident, Chief Executive Officer & DirectorRobert G. LucianChief Financial Officer & Senior Vice PresidentCarol Y. LeeChief Information Officer & Vice PresidentRaphael Z. RichmondVice President, Chief Compliance & Legal OfficerOtis S. SawyerSVP & President-La Z Boy Portfolio BrandsKey CompetitorsLeggett & PlattNYSE:LEGKimball InternationalNASDAQ:KBALSleep NumberNASDAQ:SNBRMillerKnollNASDAQ:MLKNWolverine World WideNYSE:WWWView All CompetitorsInstitutional OwnershipBrandywine Global Investment Management LLCBought 13,368 shares on 5/25/2023Ownership: 0.266%Ameriprise Financial Inc.Sold 9,612 shares on 5/22/2023Ownership: 0.735%JPMorgan Chase & Co.Bought 34,978 shares on 5/18/2023Ownership: 0.640%New York State Common Retirement FundBought 5,050 shares on 5/18/2023Ownership: 0.192%Thrivent Financial for LutheransSold 1,396 shares on 5/17/2023Ownership: 0.180%View All Institutional Transactions LZB Stock - Frequently Asked Questions Should I buy or sell La-Z-Boy stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LZB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LZB, but not buy additional shares or sell existing shares. View LZB analyst ratings or view top-rated stocks. What is La-Z-Boy's stock price forecast for 2023? 1 analysts have issued 1-year price objectives for La-Z-Boy's shares. Their LZB share price forecasts range from $32.00 to $32.00. On average, they anticipate the company's share price to reach $32.00 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price. View analysts price targets for LZB or view top-rated stocks among Wall Street analysts. 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 shares have increased by 18.1% and is now trading at $26.94. 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 Tuesday, June 20th 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 results on Wednesday, February, 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.25. The business earned $572.72 million during the quarter, compared to the consensus estimate of $529.57 million. La-Z-Boy had a net margin of 7.03% and a trailing twelve-month return on equity of 19.77%. The company's revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. How often does La-Z-Boy pay dividends? What is the dividend yield for La-Z-Boy? La-Z-Boy declared a quarterly dividend on Tuesday, May 2nd. Stockholders of record on Friday, June 2nd will be given a dividend of $0.1815 per share on Thursday, June 15th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Thursday, June 1st. 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 Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Inspire Fidelis Multi Factor ETF (FDLS), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Hoya Capital Housing ETF (HOMZ), First Trust Small Cap Value AlphaDEX Fund (FYT), 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 2.69%. 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 18.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 24.50% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LZB. 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." Who are La-Z-Boy's major shareholders? La-Z-Boy's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (15.98%), Dimensional Fund Advisors LP (7.12%), Silvercrest Asset Management Group LLC (4.47%), LSV Asset Management (4.13%), Macquarie Group Ltd. (3.97%) and State Street Corp (3.85%). Insiders that own company stock include Darrell Dewain Edwards, James P Hackett, Janet Kerr, Kurt L Darrow, Lindsay A Barnes and Otis S Sawyer. View institutional ownership trends. 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 $26.94. How much money does La-Z-Boy make? La-Z-Boy (NYSE:LZB) has a market capitalization of $1.16 billion and generates $2.36 billion in revenue each year. The company earns $150.02 million in net income (profit) each year or $4.03 on an earnings per share basis. How many employees does La-Z-Boy have? The company employs 12,800 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 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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