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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Household furniture
Sub-IndustryHome Furnishings
SectorConsumer Discretionary
SymbolNYSE:LZB
CUSIP50533610
Phone734-242-1444
Debt
Debt-to-Equity RatioN/A
Current Ratio2.86
Quick Ratio1.84
Price-To-Earnings
Trailing P/E Ratio17.87
Forward P/E Ratio15.43
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.58 billion
Price / Sales0.96
Cash Flow$2.6449 per share
Price / Cash12.25
Book Value$13.28 per share
Price / Book2.44
Profitability
EPS (Most Recent Fiscal Year)$1.81
Net Income$80.86 million
Net Margins5.11%
Return on Equity14.38%
Return on Assets9.90%
Miscellaneous
Employees9,000
Outstanding Shares47,000,000
Market Cap$1.46 billion
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, May 1st. Stockholders of record on Friday, June 1st will be paid a dividend of $0.12 per share on Friday, June 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, May 31st. View La-Z-Boy's Dividend History.
How will La-Z-Boy's stock buyback program work?
La-Z-Boy announced that its Board of Directors has authorized a stock repurchase program on Wednesday, June 21st 2017, which permits the company to buyback 6,000,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.
How were La-Z-Boy's earnings last quarter?
La-Z-Boy Incorporated (NYSE:LZB) posted its quarterly earnings data on Tuesday, June, 19th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.64 by $0.08. The business had revenue of $420 million for the quarter, compared to analyst estimates of $427.43 million. La-Z-Boy had a net margin of 5.11% and a return on equity of 14.38%. La-Z-Boy's revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 EPS. View La-Z-Boy's Earnings History.
When is La-Z-Boy's next earnings date?
What price target have analysts set for LZB?
2 Wall Street analysts have issued 12 month price targets for La-Z-Boy's stock. Their forecasts range from $27.00 to $36.00. On average, they expect La-Z-Boy's stock price to reach $31.50 in the next twelve months. This suggests that the stock has a possible downside of 2.8%. 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.
Who are some of La-Z-Boy's key competitors?
Some companies that are related to La-Z-Boy include Leggett & Platt (LEG), Tempur Sealy International (TPX), Sleep Number (SNBR), Compass Diversified (CODI), Kimball International Inc Class B (KBAL), Hooker Furniture (HOFT), Flexsteel Industries (FLXS), Purple Innovation (PRPL), Natuzzi, S.p.A (NTZ), Nova Lifestyle (NVFY) and Luvu Brands (LUVU).
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 63)
- Mr. J. Douglas Collier, Sr. VP, Chief Commercial Officer & Pres of International (Age 51)
- Mr. Darrell Dewain Edwards, Chief Supply Chain Officer and Sr. VP (Age 54)
- Ms. Melinda D. Whittington, Sr. VP & CFO (Age 50)
- Ms. Lindsay A. Barnes, VP, Corp. Controller & Chief Accounting Officer (Age 40)
Has La-Z-Boy been receiving favorable news coverage?
News coverage about LZB stock has trended somewhat negative this week, according to Accern. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. La-Z-Boy earned a media and rumor sentiment score of -0.11 on Accern's scale. They also gave media stories about the company an impact score of 47.02 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for La-Z-Boy.
Who are La-Z-Boy's major shareholders?
La-Z-Boy's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.05%), Dimensional Fund Advisors LP (6.49%), Royce & Associates LP (2.22%), Boston Partners (2.01%), Bank of New York Mellon Corp (1.53%) and LSV Asset Management (1.36%). Company insiders that own La-Z-Boy stock include Janet Kerr, 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 Boston Partners, American Century Companies Inc., Algert Global LLC, Dean Capital Management, Regal Investment Advisors LLC, BlueMountain Capital Management LLC, BNP Paribas Arbitrage SA and Systematic Financial Management LP. Company insiders that have sold La-Z-Boy company stock in the last year include John Douglas Collier, Louis M Riccio Jr 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 BlackRock Inc., LSV Asset Management, Vantage Investment Partners LLC, Renaissance Technologies LLC, Royce & Associates LP, Hammer Asset Management LLC, Cambria Investment Management L.P. and Schwab Charles Investment Management Inc.. 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 $32.40.
How big of a company is La-Z-Boy?
La-Z-Boy has a market capitalization of $1.46 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.
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)
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.
