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

1 Wall Street research 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 research analysts is that investors should "buy" LZB shares.
View LZB analyst ratings or view top-rated stocks.

1 brokers 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 anticipate the company's share price to reach $32.00 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
View analysts price targets for LZB or view top-rated stocks among Wall Street analysts.

La-Z-Boy's stock was trading at $36.31 at the beginning of 2022. Since then, LZB stock has decreased by 18.0% and is now trading at $29.78.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
View our LZB earnings forecast.

La-Z-Boy will be holding an earnings conference call on Wednesday, August 24th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

La-Z-Boy Incorporated (NYSE:LZB) announced its earnings results on Tuesday, June, 21st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.14. The company had revenue of $684.57 million for the quarter, compared to the consensus estimate of $668.85 million. La-Z-Boy had a trailing twelve-month return on equity of 17.59% and a net margin of 6.37%.

La-Z-Boy declared a quarterly dividend on Tuesday, May 3rd. Investors of record on Thursday, June 2nd will be paid a dividend of $0.165 per share on Wednesday, June 15th. This represents a $0.66 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, June 1st.
Read our dividend analysis for LZB.

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.66 per share and currently has a dividend yield of 2.28%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 19.70% 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 updated its first quarter 2023 earnings guidance on Tuesday, July, 19th. 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.

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 many different retail and institutional investors. Top institutional investors include Brown Advisory Inc. (3.81%), William Blair Investment Management LLC (3.18%), Victory Capital Management Inc. (1.50%), Northern Trust Corp (1.09%), Tributary Capital Management LLC (0.95%) and Principal Financial Group Inc. (0.68%). 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 $29.78.

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.29 billion and generates $2.36 billion in revenue each year. The company earns $150.02 million in net income (profit) each year or $3.41 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.