NYSE:LZB

La-Z-Boy Stock Forecast, Price & News

$36.13
-1.21 (-3.24 %)
(As of 06/17/2021 12:32 PM ET)
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Today's Range
$36.00
$37.70
50-Day Range
$37.34
$45.38
52-Week Range
$25.53
$46.74
Volume13,078 shs
Average Volume414,921 shs
Market Capitalization$1.67 billion
P/E Ratio23.77
Dividend Yield1.42%
Beta1.11
30 days | 90 days | 365 days | Advanced Chart
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La-Z-Boy logo

About La-Z-Boy

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. It sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, 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. It operates a network of 154 company-owned La-Z-Boy Furniture Galleries stores. 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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Industry, Sector and Symbol

Sales & Book Value

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MarketRank

Overall MarketRank

2.10 out of 5 stars

Consumer Discretionary Sector

39th out of 598 stocks

Household Furniture Industry

4th out of 14 stocks

Analyst Opinion: 2.4Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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La-Z-Boy (NYSE:LZB) Frequently Asked Questions

Is La-Z-Boy a buy right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" La-Z-Boy stock.
View analyst ratings for La-Z-Boy
or view top-rated stocks.

What stocks does MarketBeat like better than La-Z-Boy?

Wall Street analysts have given La-Z-Boy a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but La-Z-Boy wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

La-Z-Boy is scheduled to release its next quarterly earnings announcement on Tuesday, August 17th 2021.
View our earnings forecast for La-Z-Boy
.

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

La-Z-Boy Incorporated (NYSE:LZB) posted its earnings results on Monday, June, 14th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The firm had revenue of $519.50 million for the quarter, compared to analyst estimates of $498.53 million. La-Z-Boy had a net margin of 4.50% and a trailing twelve-month return on equity of 13.98%. La-Z-Boy's revenue was up 41.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 EPS.
View La-Z-Boy's earnings history
.

How has La-Z-Boy's stock price 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 (WHO). Since then, LZB stock has increased by 50.3% and is now trading at $36.11.
View which stocks have been most impacted by COVID-19
.

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 4th. Shareholders of record on Tuesday, June 1st will be given a dividend of $0.15 per share on Tuesday, June 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, May 28th.
View La-Z-Boy's dividend history
.

Is La-Z-Boy a good dividend stock?

La-Z-Boy pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.42%. La-Z-Boy does not yet have a strong track record of dividend growth. The dividend payout ratio of La-Z-Boy is 27.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, La-Z-Boy will have a dividend payout ratio of 20.91% next year. This indicates that La-Z-Boy will be able to sustain or increase its dividend.
View La-Z-Boy's dividend history.

What price target have analysts set for LZB?

4 equities research analysts have issued 1 year price targets for La-Z-Boy's stock. Their forecasts range from $37.00 to $46.00. On average, they anticipate La-Z-Boy's stock price to reach $42.67 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
View analysts' price targets for La-Z-Boy
or view top-rated stocks among Wall Street analysts.

Who are La-Z-Boy's key executives?

La-Z-Boy's management team includes the following people:
  • Ms. Melinda D. Whittington, Pres, CEO & Director (Age 53, Pay $1.05M)
  • Mr. Darrell Dewain Edwards, Sr. VP & COO (Age 57, Pay $1.01M)
  • Mr. Otis S. Sawyer, Sr. VP & Pres of La-Z-Boy Portfolio Brands (Age 63, Pay $818.76k)
  • Mr. Robert G. Lucian, Chief Financial Officer
  • Ms. Jennifer McCurry, VP, Corp. Controller & Chief Accounting Officer (Age 48)
  • Mr. David B. Behen, Chief Information Officer & VP
  • Ms. Kathy Liebmann, Director of Investor Relations & Corp. Communications
  • Ms. Raphael Richmond, VP, Chief Compliance Officer, Chief legal Officer & Gen. Counsel (Age 51)
  • Ms. Katie Vanderjagt, VP & Chief HR Officer
  • Mr. Bob Ireland, Head of Strategic Initiatives

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

218 employees have rated La-Z-Boy CEO Kurt L. Darrow on Glassdoor.com. Kurt L. Darrow has an approval rating of 77% among La-Z-Boy's employees.

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), NVIDIA (NVDA), Enterprise Products Partners (EPD), The Home Depot (HD), International Business Machines (IBM), Intel (INTC), The 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 BlackRock Inc. (15.84%), Dimensional Fund Advisors LP (5.41%), LSV Asset Management (2.64%), Brown Advisory Inc. (2.07%), Northern Trust Corp (1.83%) and Nuveen Asset Management LLC (1.77%). Company insiders that own La-Z-Boy stock include Darrell Dewain Edwards, James P Hackett, Kurt L Darrow, Lindsay A Barnes 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 Morgan Stanley, Acadian Asset Management LLC, Northern Trust Corp, Panagora Asset Management Inc., Dimensional Fund Advisors LP, D. E. Shaw & Co. Inc., Tributary Capital Management LLC, and Bank of Montreal Can. Company insiders that have sold La-Z-Boy company stock in the last year include Darrell Dewain Edwards, Kurt L Darrow, Lindsay A Barnes, and Otis S Sawyer.
View insider buying and selling activity for La-Z-Boy
or view top insider-selling stocks.

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

LZB stock was purchased by a variety of institutional investors in the last quarter, including Foundry Partners LLC, Royce & Associates LP, BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Geode Capital Management LLC, Millennium Management LLC, Goldman Sachs Group Inc., and Pacer Advisors Inc..
View insider buying and selling activity for La-Z-Boy
or or view top insider-buying stocks.

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 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 $36.11.

How much money does La-Z-Boy make?

La-Z-Boy has a market capitalization of $1.67 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.

How many employees does La-Z-Boy have?

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.

Where are La-Z-Boy's headquarters?

La-Z-Boy is headquartered at ONE LA-Z-BOY DRIVE, MONROE MI, 48162.

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 6/17/2021 by MarketBeat.com Staff
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