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

La-Z-Boy's stock was trading at $22.82 at the start of the year. Since then, LZB stock has increased by 58.0% and is now trading at $36.05.
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La-Z-Boy saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 3,060,000 shares, an increase of 7.0% from the October 15th total of 2,860,000 shares. Based on an average daily trading volume, of 404,800 shares, the days-to-cover ratio is currently 7.6 days. Approximately 7.2% of the company's stock are sold short.
View La-Z-Boy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our LZB earnings forecast.

La-Z-Boy Incorporated (NYSE:LZB) released its quarterly earnings data on Thursday, November, 30th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. The firm earned $511.40 million during the quarter, compared to analyst estimates of $502.33 million. La-Z-Boy had a trailing twelve-month return on equity of 14.87% and a net margin of 5.68%. La-Z-Boy's quarterly revenue was down 16.3% on a year-over-year basis. During the same period last year, the company earned $1.05 EPS.

La-Z-Boy announced a quarterly dividend on Wednesday, November 29th. Investors of record on Monday, December 11th will be given a dividend of $0.20 per share on Monday, December 18th. This represents a $0.80 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, December 8th. This is an increase from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for LZB.

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.73 per share and currently has a dividend yield of 2.04%. 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 26.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 23.32% 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 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).

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 shareholders include LSV Asset Management (4.40%), William Blair Investment Management LLC (2.88%), Brown Advisory Inc. (2.36%), Charles Schwab Investment Management Inc. (1.77%), Schroder Investment Management Group (1.59%) and Bank of New York Mellon Corp (1.42%). Insiders that own company stock include Darrell Dewain Edwards, James P Hackett, Janet Kerr, Kurt L Darrow 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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