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NYSE:LZBLa-Z-Boy Stock Price, Forecast & News

$26.94
+0.64 (+2.43 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$26.21
Now: $26.94
$27.03
50-Day Range
$24.39
MA: $27.03
$30.03
52-Week Range
$15.61
Now: $26.94
$37.48
Volume194,900 shs
Average Volume406,840 shs
Market Capitalization$1.24 billion
P/E Ratio16.33
Dividend Yield2.13%
Beta1.09
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: 3.2Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.43 out of 5 stars


Industry, Sector and Symbol

Industry Household furniture
Sub-IndustryHome Furnishings
CUSIP50533610
Phone734-242-1444

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.70 billion
Cash Flow$3.54 per share
Book Value$15.56 per share

Profitability

Net Income$77.47 million

Miscellaneous

Employees9,500
Market Cap$1.24 billion
Next Earnings Date8/18/2020 (Estimated)
OptionableOptionable

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

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

La-Z-Boy's stock was trading at $24.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LZB stock has increased by 12.2% and is now trading at $26.94. View which stocks have been most impacted by Coronavirus.

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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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, August 18th 2020. View our earnings forecast for La-Z-Boy.

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

La-Z-Boy Incorporated (NYSE:LZB) announced its quarterly earnings data on Tuesday, June, 23rd. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.29. The firm earned $367.30 million during the quarter, compared to analysts' expectations of $384.96 million. La-Z-Boy had a net margin of 4.55% and a return on equity of 14.15%. The company's revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the company earned $0.64 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 announced a quarterly dividend on Wednesday, February 26th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.14 per share on Monday, March 16th. This represents a $0.56 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, March 6th. View La-Z-Boy's dividend history.

What price target have analysts set for LZB?

5 Wall Street analysts have issued 12 month price targets for La-Z-Boy's shares. Their forecasts range from $29.00 to $37.00. On average, they anticipate La-Z-Boy's share price to reach $34.00 in the next year. This suggests a possible upside of 26.2% from the stock's current price. View analysts' price targets for La-Z-Boy.

Has La-Z-Boy been receiving favorable news coverage?

News headlines about LZB stock have been trending neutral this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. La-Z-Boy earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about La-Z-Boy.

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 Home Depot (HD), NVIDIA (NVDA), AbbVie (ABBV), Kohl's (KSS), PepsiCo (PEP), Enterprise Products Partners (EPD), Intel (INTC), Starbucks (SBUX), Exxon Mobil (XOM) and Abbott Laboratories (ABT).

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 many different institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.09%) and Diversified Trust Co (0.02%). Company insiders that own La-Z-Boy stock include Darrell Dewain Edwards, John Douglas Collier, Kurt L Darrow 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 Envestnet Asset Management Inc.. Company insiders that have sold La-Z-Boy company stock in the last year include Darrell Dewain Edwards, and Kurt L Darrow. View insider buying and selling activity 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 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 $26.94.

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

La-Z-Boy has a market capitalization of $1.24 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 7/11/2020 by MarketBeat.com Staff

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