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S&P 500   4,109.31
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QQQ   320.93
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Buy THIS stock before Taiwan is attacked (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
Buy THIS stock before Taiwan is attacked (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
Buy THIS stock before Taiwan is attacked (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Many electric vehicles to lose big tax credit with new rules
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
Buy THIS stock before Taiwan is attacked (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
Buy THIS stock before Taiwan is attacked (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
Buy THIS stock before Taiwan is attacked (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Many electric vehicles to lose big tax credit with new rules
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Mullen Automotive Makes Deliveries; Short-Squeeze Possible
Buy THIS stock before Taiwan is attacked (Ad)
Schwab’s Drop This Week Could Be The Opening Of The Year (Again)
What is a Gold IRA, and is it a Viable Investment?
Buy THIS stock before Taiwan is attacked (Ad)
Closing prices for crude oil, gold and other commodities
Walmart Shares Jump on Evercore Analyst Upgrade 
Buy THIS stock before Taiwan is attacked (Ad)
Is Braze, Inc Ready To Rocket Higher? 
Many electric vehicles to lose big tax credit with new rules
NYSE:LZB

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

$29.08
+0.70 (+2.47%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$28.43
$29.08
50-Day Range
$26.86
$33.01
52-Week Range
$21.92
$33.06
Volume
355,957 shs
Average Volume
369,807 shs
Market Capitalization
$1.25 billion
P/E Ratio
7.22
Dividend Yield
2.51%
Price Target
$32.00

La-Z-Boy MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10.0% Upside
$32.00 Price Target
Short Interest
Healthy
6.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.43
Upright™ Environmental Score
News Sentiment
0.13mentions of La-Z-Boy in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-17.22%
From $3.60 to $2.98 Per Share

Overall MarketRank

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

2.05 out of 5 stars

Consumer Discretionary Sector

176th out of 264 stocks

Household Furniture Industry

7th out of 8 stocks


LZB stock logo

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

La-Z-Boy, Inc. engages in the production of reclining chairs and manufacture and distribution of residential furniture. It operates through the following segments: Wholesale, Retail, and Corporate and Other. 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 casegoods (wood) furniture, such as occasional pieces, bedroom sets, dining room sets and entertainment centers. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories to the end consumer through the retain network. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.

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LZB Stock News Headlines

Triple-Digit Gains Are In Store For The Lovesac Company
The Lovesac Company is outperforming its peers and is on track to grow in 2023 when others are not. Analysts see a triple-digit upside, but short sellers don't
5 Hypergrowth Stocks to Buy Now
Luke Lango has found 14 stocks that have gone up over 1,000%. Now he’s named his top stocks for 2023. Just click to claim your copy. pixel
Why La-Z-Boy Stock Jumped 14% This Past Week
5 Hypergrowth Stocks to Buy Now
Luke Lango has found 14 stocks that have gone up over 1,000%. Now he’s named his top stocks for 2023. Just click to claim your copy. pixel
La-Z-Boy (LZB) Q3 Earnings and Revenues Surpass Estimates
La-Z-Boy Reports Strong Fiscal 2023 Third-Quarter
La-Z-Boy’s stock climbs on earnings beat
La-Z-Boy: Margin Recovery And Upside Potential
5 Stocks to Watch on Their Recent Dividend Hike
La-Z-Boy (LZB) Q2 Earnings and Revenues Beat Estimates
See More Headlines
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LZB Company Calendar

Last Earnings
2/22/2023
Ex-Dividend for 3/15 Dividend
3/06/2023
Dividend Payable
3/15/2023
Today
3/31/2023
Fiscal Year End
4/30/2023
Next Earnings (Estimated)
6/20/2023

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
50533610
Employees
12,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+10.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$150.02 million
Pretax Margin
9.60%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$4.25 per share
Book Value
$21.25 per share

Miscellaneous

Free Float
42,351,000
Market Cap
$1.25 billion
Optionable
Optionable
Beta
1.13

Key Executives

  • Melinda D. Whittington
    President, Chief Executive Officer & Director
  • Robert G. Lucian
    Chief Financial Officer & Senior Vice President
  • Carol Y. Lee
    Chief Information Officer & Vice President
  • Raphael Z. Richmond
    Vice President, Chief Compliance & Legal Officer
  • Otis S. SawyerOtis S. Sawyer
    SVP & President-La Z Boy Portfolio Brands













LZB Stock - Frequently Asked Questions

Should I buy or sell La-Z-Boy stock right now?

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.

What is La-Z-Boy's stock price forecast for 2023?

1 brokerages have issued 12-month target prices for La-Z-Boy's stock. Their LZB share price forecasts range from $32.00 to $32.00. On average, they expect the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for LZB
or view top-rated stocks among Wall Street analysts.

How have LZB shares performed in 2023?

La-Z-Boy's stock was trading at $22.82 on January 1st, 2023. Since then, LZB shares have increased by 27.4% and is now trading at $29.08.
View the best growth stocks for 2023 here
.

Are investors shorting La-Z-Boy?

La-Z-Boy saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 2,950,000 shares, a decrease of 10.1% from the February 28th total of 3,280,000 shares. Based on an average trading volume of 361,000 shares, the short-interest ratio is currently 8.2 days. Approximately 6.9% of the shares of the company are short sold.
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, June 20th 2023.
View our LZB earnings forecast
.

How were La-Z-Boy's earnings last quarter?

La-Z-Boy Incorporated (NYSE:LZB) released its quarterly earnings data on Wednesday, February, 22nd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.66 by $0.25. The business had revenue of $572.72 million for the quarter, compared to analyst estimates of $529.57 million. La-Z-Boy had a trailing twelve-month return on equity of 19.77% and a net margin of 7.03%. La-Z-Boy's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share.

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

La-Z-Boy declared a quarterly dividend on Tuesday, February 21st. Investors of record on Tuesday, March 7th will be given a dividend of $0.182 per share on Wednesday, March 15th. This represents a $0.73 annualized dividend and a yield of 2.50%. The ex-dividend date is Monday, March 6th. 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 $0.73 per share and currently has a dividend yield of 2.57%. 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.

What guidance has La-Z-Boy issued on next quarter's earnings?

La-Z-Boy issued an update on its fourth quarter 2023 earnings guidance on Tuesday, February, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $525.00 million-$545.00 million, compared to the consensus revenue estimate of $526.80 million.

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).

What is La-Z-Boy's stock symbol?

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

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 investors include Dimensional Fund Advisors LP (6.65%), Silvercrest Asset Management Group LLC (4.51%), LSV Asset Management (4.15%), Macquarie Group Ltd. (3.89%), Brown Advisory Inc. (3.60%) and William Blair Investment Management LLC (3.02%). Insiders that own company stock include Darrell Dewain Edwards, James P Hackett, Janet Kerr, Kurt L Darrow, Lindsay A Barnes 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.

What is La-Z-Boy's stock price today?

One share of LZB stock can currently be purchased for approximately $29.08.

How much money does La-Z-Boy make?

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.25 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.

How many employees does La-Z-Boy have?

The company employs 12,800 workers across the globe.

How can I contact La-Z-Boy?

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.

This page (NYSE:LZB) was last updated on 4/1/2023 by MarketBeat.com Staff