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

$35.65
-0.34 (-0.94%)
(As of 02:36 PM ET)
Compare
Today's Range
$35.37
$36.21
50-Day Range
$28.22
$36.31
52-Week Range
$22.65
$36.82
Volume
153,670 shs
Average Volume
377,091 shs
Market Capitalization
$1.53 billion
P/E Ratio
12.78
Dividend Yield
2.24%
Price Target
N/A

La-Z-Boy MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
7.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.14
Upright™ Environmental Score
News Sentiment
0.49mentions of La-Z-Boy in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$141,401 Sold Last Quarter
Proj. Earnings Growth
8.68%
From $2.88 to $3.13 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Consumer Discretionary Sector

89th out of 223 stocks

Household Furniture Industry

3rd out of 6 stocks


LZB stock logo

About La-Z-Boy Stock (NYSE:LZB)

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 Stock Price History

LZB Stock News Headlines

La-Z-Boy Inc's Dividend Analysis
La-Z-Boy (NYSE:LZB) Upgraded to "Buy" by StockNews.com
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La-Z-Boy Shoots Comfortably Higher
La-Z-Boy (NYSE:LZB) Reaches New 12-Month High on Earnings Beat
Q2 2024 La-Z-Boy Inc Earnings Call
Why La-Z-Boy Stock Is Moving Today
La-Z-Boy raises dividend by 10.2% to $0.20
La-Z-Boy Raises Quarterly Dividend 10%
La-Z-Boy: Fiscal Q2 Earnings Snapshot
La-Z-Boy Q2 2024 Earnings Preview
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
9/05/2023
Dividend Payable
9/15/2023
Last Earnings
11/30/2023
Today
12/08/2023
Ex-Dividend for 12/18 Dividend
12/08/2023
Dividend Payable
12/18/2023
Next Earnings (Estimated)
2/20/2024
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
7.77%

Debt

Sales & Book Value

Annual Sales
$2.13 billion
Cash Flow
$4.86 per share
Book Value
$22.07 per share

Miscellaneous

Free Float
42,053,000
Market Cap
$1.54 billion
Optionable
Optionable
Beta
1.13
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Key Executives

  • Ms. Melinda D. Whittington (Age 55)
    President, CEO & Director
    Comp: $2.45M
  • Mr. Robert Gerard Lucian (Age 60)
    Senior VP & CFO
    Comp: $1.03M
  • Mr. Robert Sundy II (Age 47)
    President of La-Z-Boy Brand & Chief Commercial Officer
    Comp: $786.33k
  • Mr. Michael A. Leggett (Age 50)
    Senior VP & Chief Supply Chain Officer
    Comp: $836.62k
  • Ms. Jennifer Lynn McCurry (Age 50)
    VP, Corporate Controller & Chief Accounting Officer
  • Ms. Carol Y. Lee (Age 51)
    VP & Chief Information Officer
  • Mr. Mark Alan Becks
    Director of Investor Relations & Corporate Development
  • Ms. Raphael Z. Richmond (Age 53)
    VP, Chief Compliance Officer, Chief legal Officer & General Counsel
    Comp: $730.91k
  • Ms. Katherine E. Vanderjagt (Age 42)
    VP & Chief Human Resources Officer
  • Mr. Terrence J. Linz (Age 41)
    President of Portfolio Brands














LZB Stock Analysis - Frequently Asked Questions

How have LZB shares performed in 2023?

La-Z-Boy's stock was trading at $22.82 on January 1st, 2023. Since then, LZB stock has increased by 56.2% and is now trading at $35.65.
View the best growth stocks for 2023 here
.

Are investors shorting La-Z-Boy?

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. Currently, 7.2% of the company's shares are sold short.
View La-Z-Boy's Short Interest
.

When is La-Z-Boy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
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 Thursday, November, 30th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.62 by $0.12. The firm had revenue of $511.40 million for the quarter, compared to analysts' expectations of $502.33 million. La-Z-Boy had a net margin of 5.68% and a trailing twelve-month return on equity of 14.87%. The business's revenue for the quarter was down 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS.

How often does La-Z-Boy pay dividends? What is the dividend yield for La-Z-Boy?

La-Z-Boy announced a quarterly dividend on Wednesday, November 29th. Stockholders 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 dividend yield of 2.24%. The ex-dividend date is Friday, December 8th. This is a boost from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for LZB
.

Is La-Z-Boy a good dividend stock?

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.80 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 28.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 25.56% 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).

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 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
.

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.

This page (NYSE:LZB) was last updated on 12/8/2023 by MarketBeat.com Staff

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