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

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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our LZB earnings forecast.

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.

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.

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).

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.

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.

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."

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 $31.04.

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.

The company employs 10,500 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.