NYSE:LZB La-Z-Boy - LZB Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding La-Z-Boy Incorporated Please log in to your account or sign up in order to add this asset to your watchlist. $28.04 -0.65 (-2.27%) (As of 02/8/2023 12:00 AM ET) Add Compare Share Share Today's Range$27.88▼$28.5050-Day Range$22.71▼$29.8052-Week Range$21.92▼$36.79Volume342,990 shsAverage Volume282,923 shsMarket Capitalization$1.21 billionP/E Ratio7.12Dividend Yield2.52%Price Target$32.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability La-Z-Boy MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside14.1% Upside$32.00 Price TargetShort InterestBearish7.87% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.43Upright™ Environmental ScoreNews Sentiment0.46Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-16.77%From $3.28 to $2.73 Per ShareSee Full Details Hide Full Details 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 starsConsumer Discretionary Sector198th out of 268 stocksHousehold Furniture Industry5th out of 8 stocks 2.0 Analyst's Opinion Consensus RatingLa-Z-Boy has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $32.00, La-Z-Boy has a forecasted upside of 14.1% from its current price of $28.04.Amount of Analyst CoverageLa-Z-Boy has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted7.87% of the float of La-Z-Boy has been sold short.Short Interest Ratio / Days to CoverLa-Z-Boy has a short interest ratio ("days to cover") of 10.1, which indicates bearish sentiment.Change versus previous monthShort interest in La-Z-Boy has recently increased by 3.70%, indicating that investor sentiment is decreasing. Previous Next 2.5 Dividend Strength Dividend YieldLa-Z-Boy pays a meaningful dividend of 2.52%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthLa-Z-Boy has only been increasing its dividend for 2 years.Dividend CoverageThe dividend payout ratio of La-Z-Boy is 18.53%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, La-Z-Boy will have a dividend payout ratio of 26.74% next year. This indicates that La-Z-Boy will be able to sustain or increase its dividend. Previous Next 3.1 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLa-Z-Boy has received a 31.71% net impact score from Upright. La-Z-Boy seems to create the most significant positive value in categories "Jobs", "Taxes", and "Physical diseases". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Bed frames", "Mattresses", and "Sofas " products. See details.Environmental SustainabilityThe Environmental Impact score for La-Z-Boy is -1.43. Previous Next 2.5 News and Social Media Coverage News SentimentLa-Z-Boy has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 4 news articles for La-Z-Boy this week, compared to 2 articles on an average week.Search Interest7 people have searched for LZB on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added La-Z-Boy to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, La-Z-Boy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.83% of the stock of La-Z-Boy is held by insiders.Percentage Held by Institutions96.55% of the stock of La-Z-Boy is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for La-Z-Boy are expected to decrease by -16.77% in the coming year, from $3.28 to $2.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of La-Z-Boy is 7.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 150.72.Price to Earnings Ratio vs. SectorThe P/E ratio of La-Z-Boy is 7.12, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.10.Price to Book Value per Share RatioLa-Z-Boy has a P/B Ratio of 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About La-Z-Boy (NYSE:LZB) StockLa-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.Read More Receive LZB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for La-Z-Boy and its competitors with MarketBeat's FREE daily newsletter. Email Address LZB Stock News HeadlinesFebruary 8, 2023 | finance.yahoo.comLa-Z-Boy Announces Fiscal 2023 Third-Quarter Conference CallFebruary 8, 2023 | seekingalpha.comLa-Z-Boy: Margin Recovery And Upside PotentialFebruary 9, 2023 | Oxford Club (Ad)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.February 7, 2023 | seekingalpha.comLa-Z-Boy Has Lagged The Market But Shares Are AttractiveJanuary 10, 2023 | finance.yahoo.comQuad Cities Furniture Store Admits Many Customers are Surprised to Learn It Offers Quality Interior Design ServicesDecember 8, 2022 | finance.yahoo.comLa-Z-Boy Announces Planned Retirement of Otis Sawyer, President, La-Z-Boy Portfolio Brands; Names Tj Linz as SuccessorDecember 6, 2022 | finance.yahoo.com5 Stocks to Watch on Their Recent Dividend HikeDecember 4, 2022 | finance.yahoo.comLa-Z-Boy's (NYSE:LZB) Upcoming Dividend Will Be Larger Than Last Year'sFebruary 9, 2023 | Oxford Club (Ad)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.November 30, 2022 | finance.yahoo.comLa-Z-Boy (LZB) Q2 Earnings and Revenues Beat EstimatesNovember 22, 2022 | seekingalpha.comLa-Z-Boy: A Cheap Prospect That's Demonstrating Continued GrowthNovember 17, 2022 | finance.yahoo.comIs La-Z-Boy Incorporated (NYSE:LZB) Trading At A 47% Discount?November 9, 2022 | finance.yahoo.comLa-Z-Boy Announces Fiscal 2023 Second-Quarter Conference CallNovember 2, 2022 | finance.yahoo.comShareholders in La-Z-Boy (NYSE:LZB) are in the red if they invested three years agoNovember 2, 2022 | finance.yahoo.comWillScot (WSC) Q3 Earnings and Revenues Beat EstimatesOctober 25, 2022 | nasdaq.comIs LaZBoy (LZB) a Great Value Stock Right Now?October 19, 2022 | au.finance.yahoo.comReturns On Capital At La-Z-Boy (NYSE:LZB) Have Hit The Brakes - Yahoo Finance AustraliaOctober 19, 2022 | nasdaq.comAt US$23.59, Is La-Z-Boy Incorporated (NYSE:LZB) Worth Looking At Closely? - NasdaqOctober 19, 2022 | finance.yahoo.comBear of the Day: Royal Gold (RGLD) - Yahoo FinanceOctober 19, 2022 | finance.yahoo.comReturns On Capital At La-Z-Boy (NYSE:LZB) Have Hit The BrakesOctober 13, 2022 | nasdaq.comLa-Z-Boy (LZB) Passes Through 3% Yield Mark - NasdaqOctober 10, 2022 | globenewswire.comMetal Furniture Market Foresees to Escalate from USD 145.01 Billion to USD 210.02 Billion by 2030 at a CAGR of 4.2% During Forecast Period - Adroit Market Research - GlobeNewswireOctober 6, 2022 | marketwatch.comLeggett & Platt Inc. stock falls Thursday, still outperforms market - MarketWatchOctober 1, 2022 | benzinga.comThese REITs With Yields Higher Than The Risk-Free Rate May Hedge Against Inflation - Generation Income (N - BenzingaSeptember 30, 2022 | forbes.comSeptember Stock Market Winners And Losers: Healthcare And Biotech Outperform As Recession Fears Heat Up - ForbesSeptember 27, 2022 | nasdaq.comZacks Industry Outlook Highlights WillScot Mobile Mini, La-Z-Boy and Virco - NasdaqSeptember 26, 2022 | nasdaq.com3 Furniture Stocks Worth Watching Despite Industry Headwinds - NasdaqSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive LZB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for La-Z-Boy and its competitors with MarketBeat's FREE daily newsletter. Email Address LZB Company Calendar Last Earnings11/30/2022Ex-Dividend for 12/20 Dividend12/09/2022Dividend Payable12/20/2022Today2/08/2023Next Earnings (Confirmed)2/21/2023Fiscal Year End4/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Household furniture Sub-IndustryHome Furnishings SectorConsumer Discretionary Current SymbolNYSE:LZB CUSIP50533610 CIK57131 Webwww.la-z-boy.com Phone(734) 242-1444Fax734-457-2005Employees12,800Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$3.94 Trailing P/E Ratio7.12 Forward P/E Ratio8.55 P/E GrowthN/ANet Income$150.02 million Net Margins6.90% Pretax Margin9.41% Return on Equity19.30% Return on Assets8.42% Debt Debt-to-Equity RatioN/A Current Ratio1.56 Quick Ratio0.93 Sales & Book Value Annual Sales$2.36 billion Price / Sales0.51 Cash Flow$4.02 per share Price / Cash Flow6.98 Book Value$18.96 per share Price / Book1.48Miscellaneous Outstanding Shares43,140,000Free Float42,347,000Market Cap$1.21 billion OptionableOptionable Beta1.15 Key ExecutivesMelinda D. WhittingtonPresident, Chief Executive Officer & DirectorRobert G. LucianChief Financial Officer & Senior Vice PresidentCarol Y. LeeChief Information Officer & Vice PresidentRaphael Z. RichmondVice President, Chief Compliance & Legal OfficerOtis S. SawyerSVP & President-La Z Boy Portfolio BrandsKey CompetitorsLeggett & PlattNYSE:LEGSleep NumberNASDAQ:SNBRGray TelevisionNYSE:GTN.APlaya Hotels & ResortsNASDAQ:PLYAGray TelevisionNYSE:GTNView All CompetitorsInsiders & InstitutionsLSV Asset ManagementSold 2,080 shares on 2/8/2023Ownership: 4.150%Swiss National BankBought 1,400 shares on 2/8/2023Ownership: 0.241%Russell Investments Group Ltd.Sold 2,209 shares on 2/8/2023Ownership: 0.049%First National Bank of OmahaSold 1,537 shares on 2/8/2023Ownership: 0.040%Arizona State Retirement SystemBought 397 shares on 2/8/2023Ownership: 0.028%View All Institutional Transactions 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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