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NYSE:LZB

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

$29.50
-0.28 (-0.94%)
(As of 08/15/2022 10:39 AM ET)
Add
Compare
Today's Range
$29.49
$29.64
50-Day Range
$22.53
$29.78
52-Week Range
$22.21
$39.99
Volume
1,142 shs
Average Volume
529,039 shs
Market Capitalization
$1.28 billion
P/E Ratio
8.65
Dividend Yield
2.22%
Price Target
$32.00

La-Z-Boy MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.5% Upside
$32.00 Price Target
Short Interest
Bearish
7.67% 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.

2.01 out of 5 stars

Consumer Discretionary Sector

222nd out of 291 stocks

Household Furniture Industry

6th out of 10 stocks

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.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of La-Z-Boy from a "hold" rating to a "buy" rating in a research report on Wednesday, May 11th. Raymond James reissued an "outperform" rating and issued a $32.00 target price (down from $40.00) on shares of La-Z-Boy in a research report on Friday, June 24th.

La-Z-Boy Price Performance

NYSE:LZB traded up $0.81 during mid-day trading on Friday, hitting $29.78. The company's stock had a trading volume of 288,433 shares, compared to its average volume of 359,864. La-Z-Boy has a 52-week low of $22.21 and a 52-week high of $39.99. The stock's fifty day simple moving average is $25.89 and its two-hundred day simple moving average is $27.61. The firm has a market capitalization of $1.29 billion, a P/E ratio of 8.73 and a beta of 1.03.

La-Z-Boy (NYSE:LZB - Get Rating) last posted its quarterly earnings results on Tuesday, June 21st. The company reported $1.07 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $684.57 million for the quarter, compared to analyst estimates of $668.85 million. On average, equities analysts forecast that La-Z-Boy will post 3.13 earnings per share for the current fiscal year.

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LZB Stock News Headlines

La-Z-Boy Incorporated Publishes Inaugural ESG Report
La-Z-Boy Posts Record 4Q Revenue, Profit
If You Won't Buy Now… When Would You? - RealMoney
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
8/15/2022
Next Earnings (Confirmed)
8/23/2022
Fiscal Year End
4/30/2023

Industry, Sector and Symbol

Industry
Household furniture
Sub-Industry
Home Furnishings
CUSIP
50533610
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
+8.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$150.02 million
Pretax Margin
8.72%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$4.09 per share
Book Value
$18.96 per share

Miscellaneous

Free Float
42,600,000
Market Cap
$1.28 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













LZB Stock - Frequently Asked Questions

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

1 Wall Street research 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 research analysts is that investors should "buy" LZB shares.
View LZB analyst ratings
or view top-rated stocks.

What is La-Z-Boy's stock price forecast for 2022?

1 Wall Street analysts 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 expect the company's share price to reach $32.00 in the next twelve months. This suggests a possible upside of 7.5% 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 2022?

La-Z-Boy's stock was trading at $36.31 at the start of the year. Since then, LZB stock has decreased by 18.0% and is now trading at $29.78.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 23rd 2022.
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, 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) posted its earnings results on Tuesday, June, 21st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.14. The business earned $684.57 million during the quarter, compared to analyst estimates of $668.85 million. La-Z-Boy had a trailing twelve-month return on equity of 17.59% and a net margin of 6.37%.

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 3rd. Shareholders 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 annualized dividend and a yield of 2.22%. The ex-dividend date is Wednesday, June 1st.
Read our dividend analysis for LZB
.

Is La-Z-Boy a good dividend stock?

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.66 per share and currently has a dividend yield of 2.22%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 19.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 19.70% 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 first quarter 2023 earnings guidance on Tuesday, July, 19th. The company provided EPS 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 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 many different institutional and retail investors. Top institutional investors include Brown Advisory Inc. (3.81%), William Blair Investment Management LLC (3.18%), Victory Capital Management Inc. (1.50%), Northern Trust Corp (1.09%), Tributary Capital Management LLC (0.95%) and Principal Financial Group Inc. (0.68%). 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 $29.78.

How much money does La-Z-Boy make?

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.29 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?

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 8/15/2022 by MarketBeat.com Staff

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