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Demand for grocery delivery cools as food costs rise
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Dems push Biden climate, health priorities toward Senate OK
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   322.92
What to Expect from the Markets in a Recession
Sell every Stock except ONE (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Biden's Plan to Confiscate Your Cash? (Ad)
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
Dems push Biden climate, health priorities toward Senate OK
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   322.92
What to Expect from the Markets in a Recession
Sell every Stock except ONE (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Biden's Plan to Confiscate Your Cash? (Ad)
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
Dems push Biden climate, health priorities toward Senate OK
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,145.19
DOW   32,803.47
QQQ   322.92
What to Expect from the Markets in a Recession
Sell every Stock except ONE (Ad)
China July exports rise, with trade surplus at record-high
Electric Vehicles Can Drive Alcoa Stock Higher
What's in Democrats' big bill? Climate, health care, savings
Biden's Plan to Confiscate Your Cash? (Ad)
Demand for grocery delivery cools as food costs rise
Bangladesh seeks China help to repatriate Rohingya refugees
Dems push Biden climate, health priorities toward Senate OK
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
NYSE:LZB

La-Z-Boy - LZB Stock Forecast, Price & News

$28.38
-0.15 (-0.53%)
(As of 08/5/2022 03:59 PM ET)
Add
Compare
Today's Range
$28.20
▼
$28.64
50-Day Range
$22.53
▼
$28.71
52-Week Range
$22.21
▼
$39.99
Volume
7,752 shs
Average Volume
535,831 shs
Market Capitalization
$1.23 billion
P/E Ratio
8.32
Dividend Yield
2.33%
Price Target
$32.00

La-Z-Boy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
12.8% Upside
$32.00 Price Target
Short Interest
Healthy
7.89% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.70
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
7.03%
From $3.13 to $3.35 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Consumer Discretionary Sector

122nd out of 366 stocks

Household Furniture Industry

4th out of 11 stocks

See Top Rated MarketRank™ Stocks Here
LZB stock logo

About La-Z-Boy (NYSE:LZB) Stock

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 Wholesale, Retail, Corporate and Other segments. 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, distributes, and retails casegoods (wood) furniture, including occasional pieces, bedroom sets, dining room sets, and entertainment centers. This segment 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 company's Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 161 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. Its Corporate and Other segment sells the products through its website. 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LZB. StockNews.com upgraded La-Z-Boy from a "hold" rating to a "buy" rating in a research report on Wednesday, May 11th. Raymond James reiterated an "outperform" rating and issued a $32.00 price objective (down from $40.00) on shares of La-Z-Boy in a report on Friday, June 24th.

La-Z-Boy Price Performance

LZB Stock traded down $0.15 during trading on Friday, hitting $28.38. The stock had a trading volume of 225,098 shares, compared to its average volume of 365,270. La-Z-Boy has a twelve month low of $22.21 and a twelve month high of $39.99. The stock has a market capitalization of $1.23 billion, a P/E ratio of 8.32 and a beta of 1.03. The company's 50-day moving average price is $25.56 and its two-hundred day moving average price is $27.77.

La-Z-Boy (NYSE:LZB - Get Rating) last released its earnings results on Tuesday, June 21st. The company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.14. La-Z-Boy had a net margin of 6.37% and a return on equity of 17.59%. The business had revenue of $684.57 million for the quarter, compared to analyst estimates of $668.85 million. As a group, sell-side analysts expect that La-Z-Boy will post 3.13 EPS for the current fiscal year.

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LZB Stock News Headlines

August 5, 2022 | nasdaq.com
Interface (TILE) Q2 Earnings Surpass Estimates - Nasdaq
July 26, 2022 | forbes.com
The Best Reading Chairs To Please Every Bookworm Out There - Forbes
July 20, 2022 | globenewswire.com
La-Z-Boy Incorporated Publishes Inaugural ESG Report - GlobeNewswire
July 20, 2022 | finance.yahoo.com
La-Z-Boy Incorporated Publishes Inaugural ESG Report
July 18, 2022 | globenewswire.com
La-Z-Boy Finalizes Previously Announced Newton, MS Facility Closure - GlobeNewswire
June 24, 2022 | benzinga.com
Raymond James Maintains Outperform on La-Z-Boy, Lowers Price Target to $32 - Benzinga - Benzinga
June 22, 2022 | streetinsider.com
Pre-Open Stock Movers 06/22: La-Z-Boy, Winnebago Gain Post Earnings, Coinbase Falls on More Crypto Worries (more...) - StreetInsider.com
June 22, 2022 | seekingalpha.com
La-Z-Boy shares surge on record sales, operating income (NYSE:LZB) - Seeking Alpha
June 22, 2022 | pymnts.com
‘Dinner and a Movie At Home’ Trend Lifts Chefs’ Warehouse, La-Z-Boy - PYMNTS.com
June 22, 2022 | finance.yahoo.com
La-Z-Boy Stock Jumps as Earnings Top Estimates Despite Rising Costs
June 22, 2022 | nasdaq.com
Pre-market Movers: CRDL, DNAY, AMBA, ANGH, ARR… - Nasdaq
June 22, 2022 | msn.com
Watch: 'Don't be a La-Z-Boy:' Cops clear stray couch from busy Auckland road
June 22, 2022 | marketwatch.com
La-Z-Boy Posts Record 4Q Revenue, Profit
June 22, 2022 | seekingalpha.com
La-Z-Boy shares surge on record sales, operating income
June 22, 2022 | markets.businessinsider.com
La-Z-Boy Stock Surges Post Q4 Earnings Beat, Guides Q1 Sales Above Consensus
June 21, 2022 | seekingalpha.com
La-Z-Boy Non-GAAP EPS of $1.07 beats by $0.15, revenue of $684.57M beats by $19.66M - Seeking Alpha
June 21, 2022 | marketwatch.com
La-Z-Boy stock jumps more than 11% after furniture maker reports 'record' quarterly sales - MarketWatch
June 21, 2022 | finance.yahoo.com
La-Z-Boy (LZB) Q4 Earnings and Revenues Surpass Estimates
June 21, 2022 | globenewswire.com
La-Z-Boy Reports Record Sales and Operating Income for the Fiscal 2022 Fourth Quarter and Full Year - GlobeNewswire
June 20, 2022 | seekingalpha.com
La-Z-Boy Q4 2022 Earnings Preview (NYSE:LZB) - Seeking Alpha
June 20, 2022 | realmoney.thestreet.com
If You Won't Buy Now… When Would You? - RealMoney
June 19, 2022 | finance.yahoo.com
Recession fears roil markets amid Fed's inflation fight: What to know this week - Yahoo Finance
June 18, 2022 | golfweek.usatoday.com
2022 U.S. Open: Ever heard of the Fernando? It's the drink of choice at The Country Club - Golfweek
June 14, 2022 | globenewswire.com
Carol Y. Lee Joins La-Z-Boy Incorporated as Chief Information Officer - GlobeNewswire
June 8, 2022 | finance.yahoo.com
La-Z-Boy Announces Fiscal 2022 Fourth-Quarter and Full-Year Conference Call - Yahoo Finance
See More Headlines
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LZB Company Calendar

Ex-Dividend for 6/15 Dividend
6/01/2022
Dividend Payable
6/15/2022
Last Earnings
6/21/2022
Today
8/08/2022
Next Earnings (Confirmed)
8/23/2022
Fiscal Year End
4/30/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Household furniture
Sub-Industry
Home Furnishings
Sector
Consumer Discretionary
Current Symbol
NYSE:LZB
CUSIP
50533610
CIK
57131
Web
www.la-z-boy.com
Phone
(734) 242-1444
Fax
734-457-2005
Employees
12,800
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.41
Trailing P/E Ratio
8.32
Forward P/E Ratio
9.07
P/E Growth
N/A
Net Income
$150.02 million
Net Margins
6.37%
Pretax Margin
8.72%
Return on Equity
17.59%
Return on Assets
7.38%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.41
Quick Ratio
0.96

Sales & Book Value

Annual Sales
$2.36 billion
Price / Sales
0.52
Cash Flow
$4.13 per share
Price / Cash Flow
6.88
Book Value
$18.96 per share
Price / Book
1.50

Miscellaneous

Outstanding Shares
43,394,000
Free Float
42,600,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
1.03

Key Executives

  • Ms. Melinda D. Whittington (Age 54)
    Pres, CEO & Director
    Comp: $3.1M
  • Mr. Robert Gerard Lucian (Age 59)
    Sr. VP & CFO
    Comp: $1.23M
  • Ms. Raphael Z. Richmond (Age 52)
    VP, Chief Compliance Officer, Chief legal Officer & Gen. Counsel
    Comp: $730.91k
  • Mr. Otis S. Sawyer (Age 64)
    Sr. VP & Pres of La-Z-Boy Portfolio Brands
    Comp: $1.11M
  • Ms. Jennifer Lynn McCurry (Age 49)
    VP, Corp. Controller & Chief Accounting Officer
  • Ms. Carol Y. Lee
    VP & Chief Information Officer
  • Ms. Kathy Liebmann
    Director of Investor Relations & Corp. Communications
  • Ms. Katherine E. Vanderjagt
    VP & Chief HR Officer
  • Mr. Bob Ireland
    Head of Strategic Initiatives
  • Mr. Terrence J. Linz
    Pres of Retail Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













LZB Stock - Frequently Asked Questions

Should I buy or sell La-Z-Boy stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last year. There are currently 1 buy rating 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 is La-Z-Boy's stock price forecast for 2022?

1 brokerages have issued 12-month target prices for La-Z-Boy's shares. Their LZB stock forecasts range from $32.00 to $32.00. On average, they anticipate La-Z-Boy's stock price to reach $32.00 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts' price targets for La-Z-Boy or view top-rated stocks among Wall Street analysts.

How has La-Z-Boy's stock performed in 2022?

La-Z-Boy's stock was trading at $36.31 on January 1st, 2022. Since then, LZB shares have decreased by 21.8% and is now trading at $28.38.
View the best growth stocks for 2022 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 23rd 2022.
View our earnings forecast for La-Z-Boy.

How can I listen to La-Z-Boy's earnings call?

La-Z-Boy will be holding an earnings conference call on Wednesday, August 24th 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) released its quarterly earnings results on Tuesday, June, 21st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.14. The business had revenue of $684.57 million for the quarter, compared to analysts' expectations of $668.85 million. La-Z-Boy had a net margin of 6.37% and a trailing twelve-month return on equity of 17.59%.

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, May 3rd. Investors of record on Thursday, June 2nd will be paid a dividend of $0.165 per share on Wednesday, June 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, June 1st.
View La-Z-Boy's dividend history.

Is La-Z-Boy a good dividend stock?

La-Z-Boy(NYSE:LZB) pays an annual dividend of $0.66 per share and currently has a dividend yield of 2.33%. La-Z-Boy does not yet have a strong track record of dividend growth. The dividend payout ratio of La-Z-Boy is 19.35%. 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 19.70% 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 guidance has La-Z-Boy issued on next quarter's earnings?

La-Z-Boy issued an update on its first quarter 2023 earnings guidance on Tuesday, July, 19th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $560.00 million-$575.00 million, compared to the consensus revenue estimate of $554.19 million.

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.

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 many different institutional and retail investors. Top institutional shareholders include Brown Advisory Inc. (3.81%), Victory Capital Management Inc. (1.50%), Tributary Capital Management LLC (0.95%), Smith Graham & Co. Investment Advisors LP (0.53%), Royce & Associates LP (0.45%) and Venture Visionary Partners LLC (0.27%). Company insiders that own La-Z-Boy stock include Darrell Dewain Edwards, James P Hackett, Janet Kerr, Kurt L Darrow, Lindsay A Barnes and Otis S Sawyer.
View institutional ownership trends for La-Z-Boy.

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 $28.38.

How much money does La-Z-Boy make?

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.23 billion and generates $2.36 billion in revenue each year. The company earns $150.02 million in net income (profit) each year or $3.41 on an earnings per share basis.

How many employees does La-Z-Boy have?

La-Z-Boy 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 La-Z-Boy 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 8/8/2022 by MarketBeat.com Staff

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