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NYSE:LZB

La-Z-Boy Stock Forecast, Price & News

$24.46
-0.44 (-1.77%)
(As of 06/28/2022 11:57 AM ET)
Add
Compare
Today's Range
$24.46
$25.31
50-Day Range
$22.53
$27.93
52-Week Range
$22.21
$39.99
Volume
4,470 shs
Average Volume
690,887 shs
Market Capitalization
$1.05 billion
P/E Ratio
7.17
Dividend Yield
2.62%
Price Target
$32.00
30 days | 90 days | 365 days | Advanced Chart

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LZB Stock Forecast (MarketRank)

Overall MarketRank

2.86 out of 5 stars

Consumer Discretionary Sector

49th out of 404 stocks

Household Furniture Industry

3rd out of 11 stocks

Analyst Opinion: 3.5Community Rank: 4.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
La-Z-Boy logo

About La-Z-Boy (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 and Retail 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, and entertainment centers. 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. This segment operates a network of 159 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. 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 based in Monroe, Michigan.

LZB Stock News Headlines

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Industry, Sector and Symbol

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

Company Calendar

Last Earnings
11/16/2021
Ex-Dividend for 6/15 Dividend
6/01/2022
Dividend Payable
6/15/2022
Today
6/28/2022
Next Earnings (Estimated)
8/16/2022
Fiscal Year End
4/30/2023

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
+30.8%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
1 Analysts

Profitability

Net Income
$150.02 million
Pretax Margin
8.72%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$4.01 per share
Book Value
$18.96 per share

Miscellaneous

Free Float
41,366,000
Market Cap
$1.05 billion
Optionable
Optionable
Beta
0.99














La-Z-Boy Frequently Asked Questions

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

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" La-Z-Boy stock.
View analyst ratings for La-Z-Boy
or view top-rated stocks.

What is La-Z-Boy's stock price forecast for 2022?

1 brokers have issued 1 year target prices for La-Z-Boy's stock. Their LZB stock forecasts range from $32.00 to $32.00. On average, they expect La-Z-Boy's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 30.4% from the stock's current price.
View analysts' price targets for La-Z-Boy
or view top-rated stocks among Wall Street analysts.

How has La-Z-Boy's stock performed in 2022?

La-Z-Boy's stock was trading at $36.31 at the beginning of 2022. Since then, LZB shares have decreased by 32.4% and is now trading at $24.54.
View the best growth stocks for 2022 here
.

Are investors shorting La-Z-Boy?

La-Z-Boy saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,560,000 shares, an increase of 20.7% from the May 31st total of 2,950,000 shares. Based on an average daily volume of 596,200 shares, the days-to-cover ratio is currently 6.0 days. Currently, 7.8% of the shares of the stock are sold short.
View La-Z-Boy's Short Interest
.

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

La-Z-Boy is scheduled to release its next quarterly earnings announcement on Tuesday, August 16th 2022.
View our earnings forecast for La-Z-Boy
.

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

La-Z-Boy Incorporated (NYSE:LZB) posted its quarterly earnings results on Tuesday, November, 16th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.12. The firm earned $576 million during the quarter, compared to analysts' expectations of $540.04 million. La-Z-Boy had a net margin of 6.37% and a trailing twelve-month return on equity of 17.59%. The business's revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS.
View La-Z-Boy's earnings history
.

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 Tuesday, May 3rd. Stockholders of record on Thursday, June 2nd will be given a dividend of $0.165 per share on Wednesday, June 15th. This represents a $0.66 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, June 1st.
View La-Z-Boy's dividend history
.

Is La-Z-Boy a good dividend stock?

La-Z-Boy(NYSE:LZB) pays an annual dividend of $0.66 per share and currently has a dividend yield of 2.62%. La-Z-Boy does not yet have a strong track record of dividend growth. The dividend payout ratio of La-Z-Boy is 19.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, La-Z-Boy will have a dividend payout ratio of 19.70% next year. This indicates that La-Z-Boy will be able to sustain or increase its dividend.
View La-Z-Boy's dividend history.

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

La-Z-Boy updated its first quarter 2023 earnings guidance on Tuesday, June, 28th. The company provided EPS guidance of for the period. The company issued revenue guidance of $560.00 million-$575.00 million, compared to the consensus revenue estimate of $554.19 million.

Who are La-Z-Boy's key executives?

La-Z-Boy's management team includes the following people:
  • Ms. Melinda D. Whittington, Pres, CEO & Director (Age 54, Pay $1.43M)
  • Mr. Otis S. Sawyer, Sr. VP & Pres of La-Z-Boy Portfolio Brands (Age 64, Pay $1.05M) (LinkedIn Profile)
  • Mr. Robert Gerard Lucian, Sr. VP & CFO (Age 59)
  • Ms. Jennifer Lynn McCurry, VP, Corp. Controller & Chief Accounting Officer (Age 49)
  • Ms. Kathy Liebmann, Director of Investor Relations & Corp. Communications
  • Ms. Raphael Z. Richmond, VP, Chief Compliance Officer, Chief legal Officer & Gen. Counsel (Age 52)
  • Ms. Katherine E. Vanderjagt, VP & Chief HR Officer
  • Mr. Bob Ireland, Head of Strategic Initiatives
  • Mr. Terrence J. Linz, Pres of Retail Division
  • Mr. Robert Sundy, Sr. VP & Chief Commercial Officer

What is Kurt L. Darrow's approval rating as La-Z-Boy's CEO?

218 employees have rated La-Z-Boy CEO Kurt L. Darrow on Glassdoor.com. Kurt L. Darrow has an approval rating of 77% among La-Z-Boy'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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.17%), Vanguard Group Inc. (11.55%), Dimensional Fund Advisors LP (5.66%), Brown Advisory Inc. (3.94%), State Street Corp (3.71%) and LSV Asset Management (3.63%). Company insiders that own La-Z-Boy stock include Darrell Dewain Edwards, James P Hackett, Janet Kerr, Kurt L Darrow, Lindsay A Barnes and Otis S Sawyer.
View institutional ownership trends for La-Z-Boy
.

Which major investors are selling La-Z-Boy stock?

LZB stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Royce & Associates LP, Evergreen Capital Management LLC, BlackRock Inc., UBS Group AG, JPMorgan Chase & Co., Principal Financial Group Inc., and Goldman Sachs Group Inc.. Company insiders that have sold La-Z-Boy company stock in the last two years include Darrell Dewain Edwards, Janet Kerr, Kurt L Darrow, Lindsay A Barnes, and Otis S Sawyer.
View insider buying and selling activity for La-Z-Boy
or view top insider-selling stocks.

Which major investors are buying La-Z-Boy stock?

LZB stock was acquired by a variety of institutional investors in the last quarter, including William Blair Investment Management LLC, First Trust Advisors LP, Victory Capital Management Inc., Vanguard Group Inc., Brown Advisory Inc., LSV Asset Management, Stolper Co, and American Century Companies Inc..
View insider buying and selling activity for La-Z-Boy
or or view top insider-buying stocks.

How do I buy shares of La-Z-Boy?

Shares of LZB 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 $24.54.

How much money does La-Z-Boy make?

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.06 billion and generates $2.36 billion in revenue each year. The company earns $150.02 million in net income (profit) each year or $3.409990 on an earnings per share basis.

How many employees does La-Z-Boy have?

La-Z-Boy 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 La-Z-Boy is www.la-z-boy.com. The company can be reached via phone at (734) 242-1444, via email at [email protected], or via fax at 734-457-2005.

This page (NYSE:LZB) was last updated on 6/28/2022 by MarketBeat.com Staff

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