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NYSE:LZB

La-Z-Boy Stock Forecast, Price & News

$30.62
-0.78 (-2.48 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$30.61
Now: $30.62
$32.05
50-Day Range
$29.08
MA: $32.06
$33.62
52-Week Range
$15.61
Now: $30.62
$37.48
Volume575,649 shs
Average Volume345,099 shs
Market Capitalization$1.41 billion
P/E Ratio22.35
Dividend Yield0.89%
Beta1.24
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: 2.2Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.68 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$3.25 per share
Book Value$15.55 per share

Profitability

Net Income$77.47 million

Miscellaneous

Employees9,500
Market Cap$1.41 billion
Next Earnings Date11/18/2020 (Estimated)
OptionableOptionable
$30.62
-0.78 (-2.48 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LZB shares have increased by 27.5% and is now trading at $30.62.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, November 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) issued its earnings results on Tuesday, August, 18th. The company reported $0.18 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.13) by $0.31. The company had revenue of $285.50 million for the quarter, compared to analyst estimates of $289.74 million. La-Z-Boy had a return on equity of 12.42% and a net margin of 4.07%. La-Z-Boy's quarterly revenue was down 31.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS.
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 Tuesday, August 18th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.07 per share on Tuesday, September 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, September 2nd.
View La-Z-Boy's dividend history
.

What price target have analysts set for LZB?

5 brokers have issued 12-month target prices for La-Z-Boy's stock. Their forecasts range from $29.00 to $37.00. On average, they anticipate La-Z-Boy's share price to reach $34.33 in the next year. This suggests a possible upside of 12.1% from the stock's current price.
View analysts' price targets for 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 Exxon Mobil (XOM), Chevron (CVX), Kroger (KR), NVIDIA (NVDA), Enterprise Products Partners (EPD), Home Depot (HD), IBM (IBM), Intel (INTC), Lowe's Companies (LOW) and AT&T (T).

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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.34%), Silvercrest Asset Management Group LLC (5.98%), LSV Asset Management (2.80%), Nuveen Asset Management LLC (2.64%), Tributary Capital Management LLC (1.39%) and Bank of New York Mellon Corp (1.19%). Company insiders that own La-Z-Boy stock include Darrell Dewain Edwards, John Douglas Collier and Kurt L Darrow.
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 Bank of America Corp DE, Vanguard Group Inc., Bank of New York Mellon Corp, Goldman Sachs Group Inc., UBS Group AG, Man Group plc, Charles Schwab Investment Management Inc., and Prudential Financial Inc..
View insider buying and selling activity for La-Z-Boy
.

Which institutional investors are buying La-Z-Boy stock?

LZB stock was bought by a variety of institutional investors in the last quarter, including LSV Asset Management, Nordea Investment Management AB, Regal Investment Advisors LLC, Silvercrest Asset Management Group LLC, Assenagon Asset Management S.A., Grantham Mayo Van Otterloo & Co. LLC, Tributary Capital Management LLC, and Mackay Shields LLC.
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 $30.62.

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

La-Z-Boy has a market capitalization of $1.41 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 9/24/2020 by MarketBeat.com Staff

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