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

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for La-Z-Boy in the last twelve months. 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.

1 brokerages have issued 12-month target prices for La-Z-Boy's stock. Their LZB share price forecasts range from $32.00 to $32.00. On average, they expect the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
View analysts price targets for LZB or view top-rated stocks among Wall Street analysts.

La-Z-Boy's stock was trading at $22.82 on January 1st, 2023. Since then, LZB shares have increased by 27.4% and is now trading at $29.08.
View the best growth stocks for 2023 here.

La-Z-Boy saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 2,950,000 shares, a decrease of 10.1% from the February 28th total of 3,280,000 shares. Based on an average trading volume of 361,000 shares, the short-interest ratio is currently 8.2 days. Approximately 6.9% of the shares of the company are short sold.
View La-Z-Boy's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 20th 2023.
View our LZB earnings forecast.

La-Z-Boy Incorporated (NYSE:LZB) released its quarterly earnings data on Wednesday, February, 22nd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.66 by $0.25. The business had revenue of $572.72 million for the quarter, compared to analyst estimates of $529.57 million. La-Z-Boy had a trailing twelve-month return on equity of 19.77% and a net margin of 7.03%. La-Z-Boy's revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 earnings per share.

La-Z-Boy declared a quarterly dividend on Tuesday, February 21st. Investors of record on Tuesday, March 7th will be given a dividend of $0.182 per share on Wednesday, March 15th. This represents a $0.73 annualized dividend and a yield of 2.50%. The ex-dividend date is Monday, March 6th. This is a boost from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for LZB.

ETFs with the largest weight of La-Z-Boy (NYSE:LZB) stock in their portfolio include First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Hoya Capital Housing ETF (HOMZ), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Small Cap Value AlphaDEX Fund (FYT), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Distillate Small/Mid Cash Flow ETF (DSMC).

La-Z-Boy (NYSE:LZB) pays an annual dividend of $0.73 per share and currently has a dividend yield of 2.57%. 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 18.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, LZB will have a dividend payout ratio of 24.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LZB.

La-Z-Boy issued an update on its fourth quarter 2023 earnings guidance on Tuesday, February, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $525.00 million-$545.00 million, compared to the consensus revenue estimate of $526.80 million.

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.

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).

La-Z-Boy trades on the New York Stock Exchange (NYSE) under the ticker symbol "LZB."

La-Z-Boy's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (6.65%), Silvercrest Asset Management Group LLC (4.51%), LSV Asset Management (4.15%), Macquarie Group Ltd. (3.89%), Brown Advisory Inc. (3.60%) and William Blair Investment Management LLC (3.02%). 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.

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.
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One share of LZB stock can currently be purchased for approximately $29.08.

La-Z-Boy (NYSE:LZB) has a market capitalization of $1.25 billion and generates $2.36 billion in revenue each year. The company earns $150.02 million in net income (profit) each year or $4.03 on an earnings per share basis.

The company employs 12,800 workers across the globe.

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.