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 year. 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 brokers have issued 12-month price targets 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 14.1% from the stock's current price.
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La-Z-Boy's stock was trading at $22.82 at the start of the year. Since then, LZB stock has increased by 22.9% and is now trading at $28.04.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our LZB earnings forecast.

La-Z-Boy will be holding an earnings conference call on Wednesday, February 22nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

La-Z-Boy Incorporated (NYSE:LZB) posted its quarterly earnings results on Wednesday, November, 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.86 by $0.19. The firm had revenue of $611.33 million for the quarter, compared to the consensus estimate of $598.50 million. La-Z-Boy had a net margin of 6.90% and a trailing twelve-month return on equity of 19.30%.

La-Z-Boy declared a quarterly dividend on Wednesday, November 30th. Investors of record on Monday, December 12th will be given a dividend of $0.1815 per share on Tuesday, December 20th. This represents a $0.73 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, December 9th. This is a positive change from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for LZB.

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.73 per share and currently has a dividend yield of 2.52%. 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 18.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 26.74% 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 third quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $525.00 million-$535.00 million, compared to the consensus revenue estimate of $560.80 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."

La-Z-Boy's stock is owned by a variety of institutional and retail investors. Top institutional investors include LSV Asset Management (4.15%), Tributary Capital Management LLC (0.90%), Pacer Advisors Inc. (0.62%), Smith Graham & Co. Investment Advisors LP (0.59%), Nordea Investment Management AB (0.36%) and Swiss National Bank (0.24%). 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 $28.04.

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.21 billion and generates $2.36 billion in revenue each year. The company earns $150.02 million in net income (profit) each year or $3.94 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.