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

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$33.37 -0.20 (-0.60 %)
(As of 05/22/2019 12:45 PM ET)
Previous Close$33.57
Today's Range$32.91 - $33.37
52-Week Range$25.30 - $39.15
Volume3,705 shs
Average Volume309,343 shs
Market Capitalization$1.56 billion
P/E Ratio18.33
Dividend Yield1.56%
Beta0.92
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 Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of Comfort Studios and England custom comfort center locations, dealers, and other independent retailers. The Casegoods segment imports, markets, and distributes casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces, as well as manufactures upholstered furniture. This segment sells its products to dealers, La-Z-Boy Furniture Galleries stores, and other independent retailers under the American Drew, Hammary, and Kincaid brands. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 350 La-Z-Boy Furniture Galleries stores and 535 Comfort Studio locations, as well as in-store programs with 542 outlets in Kincaid and England. 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.

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Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryHome Furnishings
SectorConsumer Discretionary
CUSIP50533610
Phone734-242-1444

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.58 billion
Cash Flow$2.5729 per share
Book Value$13.28 per share

Profitability

Net Income$80.86 million

Miscellaneous

Employees9,000
Market Cap$1.56 billion
Next Earnings Date6/18/2019 (Confirmed)
OptionableOptionable

La-Z-Boy (NYSE:LZB) Frequently Asked Questions

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

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

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, April 30th. Stockholders of record on Thursday, May 30th will be paid a dividend of $0.13 per share on Friday, June 14th. This represents a $0.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, May 29th. View La-Z-Boy's Dividend History.

How will La-Z-Boy's stock buyback program work?

La-Z-Boy declared that its Board of Directors has approved a share buyback program on Wednesday, June 21st 2017, which permits the company to repurchase 6,000,000 shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

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

La-Z-Boy Incorporated (NYSE:LZB) announced its quarterly earnings results on Tuesday, August, 21st. The company reported $0.39 EPS for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.14. The business had revenue of $384.70 million for the quarter, compared to analyst estimates of $368.17 million. La-Z-Boy had a net margin of 5.92% and a return on equity of 15.94%. The firm's revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. View La-Z-Boy's Earnings History.

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

La-Z-Boy is scheduled to release their next quarterly earnings announcement on Tuesday, June 18th 2019. View Earnings Estimates for La-Z-Boy.

How can I listen to La-Z-Boy's earnings call?

La-Z-Boy will be holding an earnings conference call on Wednesday, June 19th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for LZB?

2 brokers have issued 1-year price objectives for La-Z-Boy's stock. Their predictions range from $35.00 to $38.00. On average, they expect La-Z-Boy's stock price to reach $36.50 in the next year. This suggests a possible upside of 9.4% from the stock's current price. View Analyst Price Targets for La-Z-Boy.

What is the consensus analysts' recommendation for La-Z-Boy?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for La-Z-Boy.

Has La-Z-Boy been receiving favorable news coverage?

News headlines about LZB stock have been trending neutral on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. La-Z-Boy earned a news impact score of 0.2 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of La-Z-Boy's key competitors?

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 Intuitive Surgical (ISRG), Home Depot (HD), NVIDIA (NVDA), Skechers USA (SKX), ABIOMED (ABMD), Alexion Pharmaceuticals (ALXN), Celgene (CELG), Gilead Sciences (GILD), Horizon Therapeutics (HZNP) and Intel (INTC).

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

La-Z-Boy's management team includes the folowing people:
  • Mr. Kurt L. Darrow, Chairman, Pres & CEO (Age 64)
  • Mr. Otis S. Sawyer, Sr. VP & Pres of La-Z-Boy Portfolio Brands (Age 61)
  • Mr. J. Douglas Collier, Sr. VP, Chief Commercial Officer & Pres of International (Age 52)
  • Mr. Darrell Dewain Edwards, Chief Supply Chain Officer & Sr. VP (Age 55)
  • Ms. Melinda D. Whittington, Sr. VP & CFO (Age 51)

Who are La-Z-Boy's major shareholders?

La-Z-Boy's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.88%), Wellington Management Group LLP (8.86%), Dimensional Fund Advisors LP (6.49%), Northern Trust Corp (2.67%), Boston Partners (2.14%) and LSV Asset Management (1.63%). Company insiders that own La-Z-Boy stock include Darrell Dewain Edwards, John Douglas Collier, Kurt L Darrow, Louis M Riccio Jr 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 Royce & Associates LP, Dean Investment Associates LLC, Voya Investment Management LLC, BlackRock Inc., Man Group plc, SG Americas Securities LLC, Renaissance Technologies LLC and California Public Employees Retirement System. Company insiders that have sold La-Z-Boy company stock in the last year include Darrell Dewain Edwards, John Douglas Collier, Kurt L Darrow and Otis S Sawyer. View Insider Buying and Selling for La-Z-Boy.

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

LZB stock was bought by a variety of institutional investors in the last quarter, including Maverick Capital Ltd., Tributary Capital Management LLC, 361 Capital LLC, Parametric Portfolio Associates LLC, Geode Capital Management LLC, Charles Schwab Investment Management Inc., Envestnet Asset Management Inc. and Oxford Asset Management LLP. View Insider Buying and Selling for La-Z-Boy.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

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

One share of LZB stock can currently be purchased for approximately $33.37.

How big of a company is La-Z-Boy?

La-Z-Boy has a market capitalization of $1.56 billion and generates $1.58 billion in revenue each year. The company earns $80.86 million in net income (profit) each year or $1.81 on an earnings per share basis. La-Z-Boy employs 9,000 workers across the globe.

What is La-Z-Boy's official website?

The official website for La-Z-Boy is http://www.la-z-boy.com/.

How can I contact La-Z-Boy?

La-Z-Boy's mailing address is ONE LA-Z-BOY DRIVE, MONROE MI, 48162. The company can be reached via phone at 734-242-1444 or via email at [email protected]


MarketBeat Community Rating for La-Z-Boy (NYSE LZB)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  256 (Vote Outperform)
Underperform Votes:  295 (Vote Underperform)
Total Votes:  551
MarketBeat's community ratings are surveys of what our community members think about La-Z-Boy and other stocks. Vote "Outperform" if you believe LZB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LZB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/22/2019 by MarketBeat.com Staff

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