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Daqo New Energy Charged Up For New Highs
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
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Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
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Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
TG Therapeutics Stock 300% Rally Has Legs Yet
Daqo New Energy Charged Up For New Highs
S&P 500   4,117.86
DOW   33,949.01
QQQ   304.37
Is SoundHound Voice AI the Next Big Thing?
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
CVS Health Corporation Is Coiled And Ready To Spring Higher 
Double Meat: Beyond Meat Could Be 2023’s Next Two-Bagger
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
3 Solar-Energy Stocks Setting Up In Bullish Bases
V.F. Corporation Is A High-Yield Bargain Despite Dividend Cut
Dividend Expert Reveals His Biggest Income Secrets… Free of Charge (Ad)
TG Therapeutics Stock 300% Rally Has Legs Yet
Daqo New Energy Charged Up For New Highs
NYSE:LZB

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

$28.04
-0.65 (-2.27%)
(As of 02/8/2023 12:00 AM ET)
Add
Compare
Today's Range
$27.88
$28.50
50-Day Range
$22.71
$29.80
52-Week Range
$21.92
$36.79
Volume
342,990 shs
Average Volume
282,923 shs
Market Capitalization
$1.21 billion
P/E Ratio
7.12
Dividend Yield
2.52%
Price Target
$32.00

La-Z-Boy MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
14.1% Upside
$32.00 Price Target
Short Interest
Bearish
7.87% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.43
Upright™ Environmental Score
News Sentiment
0.46mentions of La-Z-Boy in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.77%
From $3.28 to $2.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Consumer Discretionary Sector

198th out of 268 stocks

Household Furniture Industry

5th out of 8 stocks

LZB stock logo

About La-Z-Boy (NYSE:LZB) Stock

La-Z-Boy, Inc. engages in the production of reclining chairs and manufacture and distribution of residential furniture. It operates through the following segments: Wholesale, Retail, and Corporate and Other. 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 casegoods (wood) furniture, such as occasional pieces, bedroom sets, dining room sets and entertainment centers. The Retail segment primarily sells upholstered furniture, in addition to some casegoods and other accessories to the end consumer through the retain network. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.

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LZB Stock News Headlines

La-Z-Boy: Margin Recovery And Upside Potential
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
5 Stocks to Watch on Their Recent Dividend Hike
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
La-Z-Boy (LZB) Q2 Earnings and Revenues Beat Estimates
WillScot (WSC) Q3 Earnings and Revenues Beat Estimates
Is LaZBoy (LZB) a Great Value Stock Right Now?
Bear of the Day: Royal Gold (RGLD) - Yahoo Finance
See More Headlines
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LZB Company Calendar

Last Earnings
11/30/2022
Ex-Dividend for 12/20 Dividend
12/09/2022
Dividend Payable
12/20/2022
Today
2/08/2023
Next Earnings (Confirmed)
2/21/2023
Fiscal Year End
4/30/2023

Industry, Sector and Symbol

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

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
+14.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$150.02 million
Pretax Margin
9.41%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$4.02 per share
Book Value
$18.96 per share

Miscellaneous

Free Float
42,347,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
1.15

Key Executives

  • Melinda D. Whittington
    President, Chief Executive Officer & Director
  • Robert G. Lucian
    Chief Financial Officer & Senior Vice President
  • Carol Y. Lee
    Chief Information Officer & Vice President
  • Raphael Z. Richmond
    Vice President, Chief Compliance & Legal Officer
  • Otis S. SawyerOtis S. Sawyer
    SVP & President-La Z Boy Portfolio Brands













LZB Stock - Frequently Asked Questions

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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LZB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LZB, but not buy additional shares or sell existing shares.
View LZB analyst ratings
or view top-rated stocks.

What is La-Z-Boy's stock price forecast for 2023?

1 brokers have issued 12-month price targets for La-Z-Boy's shares. 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 14.1% from the stock's current price.
View analysts price targets for LZB
or view top-rated stocks among Wall Street analysts.

How have LZB shares performed in 2023?

La-Z-Boy's stock was trading at $22.82 at the start of the year. Since then, LZB stock has increased by 22.9% and is now trading at $28.04.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our LZB earnings forecast
.

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

La-Z-Boy will be holding an earnings conference call on Wednesday, February 22nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

La-Z-Boy Incorporated (NYSE:LZB) posted its quarterly earnings results on Wednesday, November, 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.86 by $0.19. The firm had revenue of $611.33 million for the quarter, compared to the consensus estimate of $598.50 million. La-Z-Boy had a net margin of 6.90% and a trailing twelve-month return on equity of 19.30%.

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 Wednesday, November 30th. Investors of record on Monday, December 12th will be given a dividend of $0.1815 per share on Tuesday, December 20th. This represents a $0.73 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, December 9th. This is a positive change from the stock's previous quarterly dividend of $0.17.
Read our dividend analysis for LZB
.

Is La-Z-Boy a good dividend stock?

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.73 per share and currently has a dividend yield of 2.52%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 26.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LZB.

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

La-Z-Boy issued an update on its third quarter 2023 earnings guidance on Friday, December, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $525.00 million-$535.00 million, compared to the consensus revenue estimate of $560.80 million.

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

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.

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 a variety of institutional and retail investors. Top institutional investors include LSV Asset Management (4.15%), Tributary Capital Management LLC (0.90%), Pacer Advisors Inc. (0.62%), Smith Graham & Co. Investment Advisors LP (0.59%), Nordea Investment Management AB (0.36%) and Swiss National Bank (0.24%). Insiders that own company stock include Darrell Dewain Edwards, James P Hackett, Janet Kerr, Kurt L Darrow, Lindsay A Barnes and Otis S Sawyer.
View institutional ownership trends
.

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

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.
Compare Top Brokerages Here.

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

One share of LZB stock can currently be purchased for approximately $28.04.

How much money does La-Z-Boy make?

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.21 billion and generates $2.36 billion in revenue each year. The company earns $150.02 million in net income (profit) each year or $3.94 on an earnings per share basis.

How many employees does La-Z-Boy have?

The company 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 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.

This page (NYSE:LZB) was last updated on 2/9/2023 by MarketBeat.com Staff