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 Ratio17.68
Forward P/E Ratio15.24
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.58 billion
Price / Sales0.95
Cash Flow$2.5039 per share
Price / Cash12.78
Book Value$13.28 per share
Price / Book2.41
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$1,522.82
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. Shareholders 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 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend 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 initiated a share repurchase plan on Wednesday, June 21st 2017, which allows the company to buyback 6,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.
How were La-Z-Boy's earnings last quarter?
La-Z-Boy Incorporated (NYSE:LZB) posted its quarterly earnings results on Tuesday, June, 19th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.64 by $0.08. The firm had revenue of $420 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $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?
3 Wall Street analysts have issued 1 year target prices for La-Z-Boy's stock. Their predictions range from $27.00 to $36.00. On average, they expect La-Z-Boy's stock price to reach $33.00 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price. View Analyst Ratings for La-Z-Boy.
What is the consensus analysts' recommendation for La-Z-Boy?
3 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
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?
Media coverage about LZB stock has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. La-Z-Boy earned a news sentiment score of 0.24 on Accern's scale. They also assigned headlines about the company an impact score of 47.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are La-Z-Boy's major shareholders?
La-Z-Boy's stock is owned by a number of of institutional and retail investors. Top institutional investors include Alpha Windward LLC (0.03%), Municipal Employees Retirement System of Michigan (0.03%) and Fox Run Management L.L.C. (0.02%). 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 institutional investors are selling La-Z-Boy stock?
LZB stock was sold by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan. 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 institutional investors are buying La-Z-Boy stock?
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 $1.52 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.
