La-Z-Boy Incorporated Company Profile (NYSE:LZB)

La-Z-Boy Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "LZB."

La-Z-Boy Incorporated declared a quarterly dividend on Tuesday, August 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.11 per share on Friday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 7th. View La-Z-Boy Incorporated's Dividend History.

La-Z-Boy Incorporated declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 21st 2017, which allows the company to repurchase 6,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

La-Z-Boy Incorporated (NYSE:LZB) posted its earnings results on Tuesday, August, 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $357.10 million for the quarter, compared to analysts' expectations of $359.34 million. La-Z-Boy Incorporated had a return on equity of 14.18% and a net margin of 5.45%. La-Z-Boy Incorporated's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. View La-Z-Boy Incorporated's Earnings History.

La-Z-Boy Incorporated is scheduled to release their next quarterly earnings announcement on Wednesday, November, 29th 2017. View Earnings Estimates for La-Z-Boy Incorporated.

3 brokers have issued 1 year price targets for La-Z-Boy Incorporated's shares. Their predictions range from $27.00 to $36.00. On average, they expect La-Z-Boy Incorporated's stock price to reach $31.50 in the next year. View Analyst Ratings for La-Z-Boy Incorporated.

Here are some recent quotes from research analysts about La-Z-Boy Incorporated stock:

• 1. According to Zacks Investment Research, "La-Z-Boy is the third largest furniture maker in the U.S., the largest reclining-chair manufacturer in the world and America's largest manufacturer of upholstered furniture. " (8/26/2017)
• 2. Stifel Nicolaus analysts commented, "We are lowering our rating from Buy to Hold following 3Q17 results. While the quarter was not a disaster by any means, the overall furniture business remains challenged and growth is hard to find. We are lowering our FY18 EBITDA estimate by roughly 5% and using a combination of the average forward EV/EBITDA and P/E multiple of the past five years, we arrive at a target price of $30-31, which only represents 5-7% potential upside to the current share price. We do point out we estimate investors earn a mid-single digit return from dividends and share buybacks which is attractive but we do not think the current environment is likely to warrant a multiple expansion relative to a longer term average." (2/22/2017)

La-Z-Boy Incorporated saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 985,814 shares, a drop of 35.0% from the August 15th total of 1,516,277 shares. Based on an average daily volume of 1,058,484 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.1% of the company's shares are short sold.

Some companies that are related to La-Z-Boy Incorporated include Prestige Brand Holdings (PBH), Regal Entertainment Group (RGC), Steven Madden (SHOO), Laureate Education (LAUR), Penn National Gaming (PENN), Planet Fitness (PLNT), DeVry Education Group (ATGE), Deckers Outdoor Corporation (DECK), La Quinta Holdings (LQ), Corus Entertainment (CJREF), Central Garden & Pet Company (CENT), Masonite International Corporation (DOOR), Thomas Cook Group (TCKGY), Caesars Entertainment Corporation (CZR), International Speedway Corporation (ISCA), Monro Muffler Brake (MNRO), NutriSystem (NTRI) and World Wrestling Entertainment (WWE).

La-Z-Boy Incorporated's management team includes the folowing people:

• Kurt L. Darrow, Chairman of the Board, President, Chief Executive Officer
• Louis Michael Riccio Jr., Chief Financial Officer, Senior Vice President
• J. Doug Collier, Senior Vice President, Chief Commercial Officer and President - International
• Darrell Edwards, Senior Vice President, Chief Supply Chain Officer
• Otis S. Sawyer, Senior Vice President and President - La-Z-Boy Portfolio Brands
• David B. Behen, Chief Information Officer, Vice President
• Sarah M. Gallagher, Independent Director
• Edwin J. Holman, Independent Director
• Janet E. Kerr, Independent Director
• Michael T. Lawton, Independent Director

Shares of La-Z-Boy Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of La-Z-Boy Incorporated stock can currently be purchased for approximately $27.80.