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PFE   33.17 (+3.37%)
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NYSE:LZB

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

$30.88
-0.25 (-0.80%)
(As of 04:00 PM ET)
Compare
Today's Range
$30.84
$31.50
50-Day Range
$29.23
$33.41
52-Week Range
$21.92
$33.92
Volume
331,352 shs
Average Volume
388,654 shs
Market Capitalization
$1.33 billion
P/E Ratio
9.56
Dividend Yield
2.36%
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
0.27mentions of La-Z-Boy in the last 14 days
Based on 15 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.

2.13 out of 5 stars

Consumer Discretionary Sector

188th out of 278 stocks

Household Furniture Industry

9th out of 9 stocks


LZB stock logo

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

LZB Stock News Headlines

The Everlasting Appeal of the La-Z-Boy Recliner
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Director Janet Kerr Sells 4,582 Shares of La-Z-Boy Inc (LZB)
La-Z-Boy (NYSE:LZB) Downgraded to "Hold" at StockNews.com
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
La-Z-Boy (NYSE:LZB) Rating Lowered to Hold at StockNews.com
La-Z-Boy goes ex dividend Tuesday
Q1 2024 La-Z-Boy Inc Earnings Call
Midday movers: Kohl's, Foot Locker, Peloton and more
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
9/29/2023
Next Earnings (Estimated)
11/29/2023
Fiscal Year End
4/30/2024

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
50533610
Employees
10,500
Year Founded
N/A

Profitability

Net Income
$150.66 million
Pretax Margin
8.57%

Debt

Sales & Book Value

Annual Sales
$2.35 billion
Cash Flow
$4.88 per share
Book Value
$22.39 per share

Miscellaneous

Free Float
42,320,000
Market Cap
$1.34 billion
Optionable
Optionable
Beta
1.12
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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













LZB Stock - Frequently Asked Questions

How have LZB shares performed in 2023?

La-Z-Boy's stock was trading at $22.82 at the beginning of 2023. Since then, LZB stock has increased by 36.0% and is now trading at $31.04.
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) announced its quarterly earnings results on Wednesday, August, 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.07. The business had revenue of $481.65 million for the quarter, compared to analyst estimates of $474.58 million. La-Z-Boy had a net margin of 6.27% and a trailing twelve-month return on equity of 16.64%. The business's revenue for the quarter was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 EPS.

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, August 22nd. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.1815 per share on Friday, September 15th. This represents a $0.73 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 5th.
Read our dividend analysis for LZB
.

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 2.38%. 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 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 $31.04.

How much money does La-Z-Boy make?

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.34 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 9/29/2023 by MarketBeat.com Staff

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