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NYSE:LZB

La-Z-Boy Stock Forecast, Price & News

$34.23
-0.60 (-1.72 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$33.70
Now: $34.23
$34.97
50-Day Range
$30.44
MA: $33.37
$36.33
52-Week Range
$15.61
Now: $34.23
$37.48
Volume632,095 shs
Average Volume360,352 shs
Market Capitalization$1.57 billion
P/E Ratio24.99
Dividend Yield0.80%
Beta1.22
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.83 out of 5 stars

Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryHome Furnishings
CUSIP50533610
Phone734-242-1444
Employees9,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.70 billion
Cash Flow$3.30 per share
Book Value$15.56 per share

Profitability

Net Income$77.47 million

Miscellaneous

Market Cap$1.57 billion
Next Earnings Date11/17/2020 (Confirmed)
OptionableOptionable
$34.23
-0.60 (-1.72 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

How has La-Z-Boy's stock price been impacted by Coronavirus (COVID-19)?

La-Z-Boy's stock was trading at $24.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, LZB shares have increased by 42.5% and is now trading at $34.23.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of La-Z-Boy?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for La-Z-Boy
.

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

La-Z-Boy is scheduled to release its next quarterly earnings announcement on Tuesday, November 17th 2020.
View our earnings forecast 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 Tuesday, November 17th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

La-Z-Boy Incorporated (NYSE:LZB) posted its earnings results on Tuesday, August, 18th. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.13) by $0.31. The company earned $285.50 million during the quarter, compared to analyst estimates of $289.74 million. La-Z-Boy had a return on equity of 12.42% and a net margin of 4.07%. The business's revenue was down 31.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share.
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 declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.07 per share on Tuesday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, September 2nd.
View La-Z-Boy's dividend history
.

What price target have analysts set for LZB?

5 equities research analysts have issued 12-month price targets for La-Z-Boy's shares. Their forecasts range from $37.00 to $45.00. On average, they expect La-Z-Boy's stock price to reach $39.67 in the next year. This suggests a possible upside of 15.9% from the stock's current price.
View analysts' price targets for La-Z-Boy
.

Are investors shorting La-Z-Boy?

La-Z-Boy saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,050,000 shares, a decline of 20.5% from the September 30th total of 2,580,000 shares. Based on an average daily volume of 389,900 shares, the days-to-cover ratio is presently 5.3 days. Currently, 4.5% of the company's stock are sold short.
View La-Z-Boy's Short Interest
.

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 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).

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

La-Z-Boy's management team includes the following 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)

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 number of institutional and retail investors. Top institutional investors include LSV Asset Management (2.92%), Tributary Capital Management LLC (1.31%), Venture Visionary Partners LLC (1.22%), Smith Graham & Co. Investment Advisors LP (0.65%), State of New Jersey Common Pension Fund D (0.15%) and Comerica Bank (0.11%). Company insiders that own La-Z-Boy stock include Darrell Dewain Edwards, John Douglas Collier and Kurt L Darrow.
View institutional ownership trends for La-Z-Boy
.

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

LZB stock was sold by a variety of institutional investors in the last quarter, including Tributary Capital Management LLC, State of New Jersey Common Pension Fund D, Smith Graham & Co. Investment Advisors LP, Alberta Investment Management Corp, Parallel Advisors LLC, Comerica Bank, Envestnet Asset Management Inc., and State of Alaska Department of Revenue.
View insider buying and selling activity for La-Z-Boy
.

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

LZB stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, Venture Visionary Partners LLC, Campbell & CO Investment Adviser LLC, Alpha Windward LLC, Louisiana State Employees Retirement System, Pacer Advisors Inc., BNP Paribas Arbitrage SA, and Diversified Trust Co.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

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

One share of LZB stock can currently be purchased for approximately $34.23.

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

La-Z-Boy has a market capitalization of $1.57 billion and generates $1.70 billion in revenue each year. The company earns $77.47 million in net income (profit) each year or $2.16 on an earnings per share basis. La-Z-Boy employs 9,500 workers across the globe.

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

The official website for La-Z-Boy is 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]

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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