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

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 20th 2023.
View our LZB earnings forecast.

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.

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.

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),

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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "LZB."

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.
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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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One share of LZB stock can currently be purchased for approximately $26.94.

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.

The company employs 12,800 workers across the globe.

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.