La-Z-Boy Incorporated Company Profile (NYSE:LZB)

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

La-Z-Boy Incorporated logoLa-Z-Boy Incorporated manufactures, markets, imports, exports, distributes and retails upholstery furniture products. The Company also imports, distributes and retails accessories and casegoods (wood) furniture products. The Company's segments include the Upholstery segment, the Casegoods segment and the Retail segment. The Company is the producer of reclining chairs and manufacturer/distributor of residential furniture in the United States. The Company sells its products, primarily in the United States and Canada, as well as internationally, to furniture retailers and directly to consumers through stores that it owns and operates. The Company has a network of approximately 340 La-Z-Boy Furniture Galleries stores and over 560 Comfort Studio locations. The Company owns approximately 120 of the La-Z-Boy Furniture Galleries stores. The Company's other brands include England, Kincaid, American Drew and Hammary.

Industry, Sector and Symbol:
  • Sector: Consumer Discretionary
  • Industry: Furniture
  • Sub-Industry: Home Furnishings
  • Symbol: NYSE:LZB
  • CUSIP: 50533610
  • Web:
  • Market Cap: $1.34 billion
  • Outstanding Shares: 48,240,000
Average Prices:
  • 50 Day Moving Avg: $25.71
  • 200 Day Moving Avg: $28.49
  • 52 Week Range: $22.09 - $34.10
  • Trailing P/E Ratio: 16.01
  • Foreward P/E Ratio: 14.79
  • P/E Growth: 2.01
Sales & Book Value:
  • Annual Revenue: $1.54 billion
  • Price / Sales: 0.87
  • Book Value: $12.25 per share
  • Price / Book: 2.27
  • Annual Dividend: $0.44
  • Dividend Yield: 1.6%
  • EBITDA: $154.51 million
  • Net Margins: 5.45%
  • Return on Equity: 14.18%
  • Return on Assets: 9.73%
  • Current Ratio: 2.80%
  • Quick Ratio: 1.78%
  • Average Volume: 557,762 shs.
  • Beta: 0.89
  • Short Ratio: 3.06

Frequently Asked Questions for La-Z-Boy Incorporated (NYSE:LZB)

What is La-Z-Boy Incorporated's stock symbol?

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

How often does La-Z-Boy Incorporated pay dividends? What is the dividend yield for La-Z-Boy Incorporated?

La-Z-Boy Incorporated declared a quarterly dividend on Tuesday, August 29th. Investors of record on Friday, September 8th will be paid a dividend of $0.11 per share on Friday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, September 7th. View La-Z-Boy Incorporated's Dividend History.

How will La-Z-Boy Incorporated's stock buyback program work?

La-Z-Boy Incorporated declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 21st 2017, which allows the company to repurchase 6,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

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

La-Z-Boy Incorporated (NYSE:LZB) posted its earnings results on Tuesday, August, 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by $0.05. The business had revenue of $357.10 million for the quarter, compared to analysts' expectations of $359.34 million. La-Z-Boy Incorporated had a return on equity of 14.18% and a net margin of 5.45%. La-Z-Boy Incorporated's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. View La-Z-Boy Incorporated's Earnings History.

When will La-Z-Boy Incorporated make its next earnings announcement?

La-Z-Boy Incorporated is scheduled to release their next quarterly earnings announcement on Wednesday, November, 29th 2017. View Earnings Estimates for La-Z-Boy Incorporated.

Where is La-Z-Boy Incorporated's stock going? Where will La-Z-Boy Incorporated's stock price be in 2017?

3 brokers have issued 1 year price targets for La-Z-Boy Incorporated's shares. Their predictions range from $27.00 to $36.00. On average, they expect La-Z-Boy Incorporated's stock price to reach $31.50 in the next year. View Analyst Ratings for La-Z-Boy Incorporated.

What are analysts saying about La-Z-Boy Incorporated stock?

Here are some recent quotes from research analysts about La-Z-Boy Incorporated stock:

  • 1. According to Zacks Investment Research, "La-Z-Boy is the third largest furniture maker in the U.S., the largest reclining-chair manufacturer in the world and America's largest manufacturer of upholstered furniture. " (8/26/2017)
  • 2. Stifel Nicolaus analysts commented, "We are lowering our rating from Buy to Hold following 3Q17 results. While the quarter was not a disaster by any means, the overall furniture business remains challenged and growth is hard to find. We are lowering our FY18 EBITDA estimate by roughly 5% and using a combination of the average forward EV/EBITDA and P/E multiple of the past five years, we arrive at a target price of $30-31, which only represents 5-7% potential upside to the current share price. We do point out we estimate investors earn a mid-single digit return from dividends and share buybacks which is attractive but we do not think the current environment is likely to warrant a multiple expansion relative to a longer term average." (2/22/2017)

Are investors shorting La-Z-Boy Incorporated?

La-Z-Boy Incorporated saw a drop in short interest during the month of August. As of August 31st, there was short interest totalling 985,814 shares, a drop of 35.0% from the August 15th total of 1,516,277 shares. Based on an average daily volume of 1,058,484 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.1% of the company's shares are short sold.

Who are some of La-Z-Boy Incorporated's key competitors?

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

La-Z-Boy Incorporated's management team includes the folowing people:

  • Kurt L. Darrow, Chairman of the Board, President, Chief Executive Officer
  • Louis Michael Riccio Jr., Chief Financial Officer, Senior Vice President
  • J. Doug Collier, Senior Vice President, Chief Commercial Officer and President - International
  • Darrell Edwards, Senior Vice President, Chief Supply Chain Officer
  • Otis S. Sawyer, Senior Vice President and President - La-Z-Boy Portfolio Brands
  • David B. Behen, Chief Information Officer, Vice President
  • Sarah M. Gallagher, Independent Director
  • Edwin J. Holman, Independent Director
  • Janet E. Kerr, Independent Director
  • Michael T. Lawton, Independent Director

How do I buy La-Z-Boy Incorporated stock?

Shares of La-Z-Boy Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is La-Z-Boy Incorporated's stock price today?

One share of La-Z-Boy Incorporated stock can currently be purchased for approximately $27.80.

MarketBeat Community Rating for La-Z-Boy Incorporated (NYSE LZB)
Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  143 (Vote Outperform)
Underperform Votes:  135 (Vote Underperform)
Total Votes:  278
MarketBeat's community ratings are surveys of what our community members think about La-Z-Boy Incorporated and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for La-Z-Boy Incorporated (NYSE:LZB) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $31.50 (13.31% upside)
Consensus Price Target History for La-Z-Boy Incorporated (NYSE:LZB)
Price Target History for La-Z-Boy Incorporated (NYSE:LZB)
Analysts' Ratings History for La-Z-Boy Incorporated (NYSE:LZB)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/24/2017Stifel NicolausLower Price TargetHold$30.00 -> $27.00HighView Rating Details
8/1/2017SidotiDowngradeBuy -> Neutral$36.00MediumView Rating Details
1/5/2017Raymond James Financial, Inc.Reiterated RatingStrong-Buy -> Market PerformN/AView Rating Details
10/10/2016KeyCorpReiterated RatingBuy$28.00N/AView Rating Details
8/5/2016Longbow ResearchInitiated CoverageNeutralN/AView Rating Details
1/27/2016BB&T CorporationDowngradeBuy -> HoldN/AView Rating Details
(Data available from 10/18/2015 forward)


Earnings History for La-Z-Boy Incorporated (NYSE:LZB)
Earnings by Quarter for La-Z-Boy Incorporated (NYSE:LZB)
Earnings History by Quarter for La-Z-Boy Incorporated (NYSE LZB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/28/2017$0.46N/AView Earnings Details
8/22/2017Q1 2018$0.29$0.24$359.34 million$357.10 millionViewN/AView Earnings Details
6/20/2017Q4 2017$0.46$0.57$400.25 million$412.70 millionViewN/AView Earnings Details
2/21/2017Q3 2017$0.45$0.47$392.84 million$390.00 millionViewN/AView Earnings Details
11/30/2016Q2 2017$0.38$0.42$376.29 million$376.60 millionViewN/AView Earnings Details
8/23/2016Q117$0.29$0.28$358.79 million$340.80 millionViewN/AView Earnings Details
6/21/2016Q416$0.48$0.45$416.29 million$417.07 millionViewN/AView Earnings Details
2/17/2016Q316$0.40$0.43$376.54 million$384.00 millionViewListenView Earnings Details
11/17/2015Q216$0.41$0.41$388.11 million$382.89 millionViewListenView Earnings Details
8/18/2015Q116$0.21$0.27$340.75 million$341.40 millionViewListenView Earnings Details
6/16/2015Q415$0.38$0.38$379.58 million$374.94 millionViewN/AView Earnings Details
2/17/2015Q315$0.38$0.33$367.90 million$357.90 millionViewN/AView Earnings Details
11/18/2014Q215$0.34$0.36$375.70 million$365.60 millionViewN/AView Earnings Details
8/19/2014Q115$0.21$0.20$321.28 million$327.00 millionViewN/AView Earnings Details
6/17/2014Q414$0.33$0.33$369.20 million$353.00 millionViewN/AView Earnings Details
2/18/2014Q314$0.35$0.32$378.74 million$350.38 millionViewN/AView Earnings Details
11/19/2013Q2$0.26$0.31$349.40 million$366.40 millionViewN/AView Earnings Details
8/20/2013Q1 2014$0.15$0.18$323.02 million$318.90 millionViewN/AView Earnings Details
6/18/2013Q4 2013$0.28$0.30$357.67 million$359.50 millionViewN/AView Earnings Details
2/19/2013Q3 2013$0.23$0.28$337.80 million$349.10 millionViewN/AView Earnings Details
11/28/20120.12$0.12$322.30 millionViewListenView Earnings Details
8/21/2012$0.08$0.08ViewN/AView Earnings Details
6/19/2012$0.26$0.37ViewN/AView Earnings Details
2/21/2012$0.18$0.19ViewN/AView Earnings Details
11/30/2011$0.14$0.15ViewN/AView Earnings Details
8/23/2011$0.06$0.04ViewN/AView Earnings Details
6/21/2011$0.20$0.24ViewN/AView Earnings Details
2/15/2011$0.11$0.12ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for La-Z-Boy Incorporated (NYSE:LZB)
2017 EPS Consensus Estimate: $1.77
2018 EPS Consensus Estimate: $1.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.28$0.47$0.35
Q2 20173$0.39$0.52$0.46
Q3 20172$0.47$0.48$0.48
Q4 20172$0.45$0.51$0.48
Q1 20181$0.28$0.28$0.28
Q2 20181$0.46$0.46$0.46
Q3 20181$0.46$0.46$0.46
Q4 20181$0.57$0.57$0.57
(Data provided by Zacks Investment Research)


Current Dividend Information for La-Z-Boy Incorporated (NYSE:LZB)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.44
Dividend Yield:1.58%
Dividend Growth:19.90% (3 Year Average)
Payout Ratio:25.88% (Trailing 12 Months of Earnings)
25.43% (Based on This Year's Estimates)
23.40% (Based on Next Year's Estimates)
Dividend Payments by Quarter for La-Z-Boy Incorporated (NYSE:LZB)

Dividend History by Quarter for La-Z-Boy Incorporated (NYSE LZB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for La-Z-Boy Incorporated (NYSE:LZB)
Insider Ownership Percentage: 3.17%
Institutional Ownership Percentage: 86.78%
Insider Trades by Quarter for La-Z-Boy Incorporated (NYSE:LZB)
Institutional Ownership by Quarter for La-Z-Boy Incorporated (NYSE:LZB)
Insider Trades by Quarter for La-Z-Boy Incorporated (NYSE:LZB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/26/2017Louis M Riccio JrVPSell37,504$32.35$1,213,254.40View SEC Filing  
6/22/2017Kurt L DarrowChairmanSell100,000$31.52$3,152,000.00View SEC Filing  
12/19/2016Janet KerrDirectorSell2,350$32.38$76,093.00View SEC Filing  
12/19/2016John Douglas CollierSVPSell12,000$32.53$390,360.00View SEC Filing  
12/15/2016Louis M Riccio JrVPSell20,000$32.12$642,400.00View SEC Filing  
9/22/2016John Douglas CollierInsiderSell26,874$26.17$703,292.58View SEC Filing  
8/25/2016Otis S SawyerInsiderSell5,935$27.46$162,975.10View SEC Filing  
7/1/2016Kurt L DarrowCEOSell110,729$27.79$3,077,158.91View SEC Filing  
6/30/2016Mark BaconSVPSell24,504$27.34$669,939.36View SEC Filing  
6/27/2016John Douglas CollierSVPSell15,000$26.86$402,900.00View SEC Filing  
6/23/2016Louis M Riccio JrCFOSell8,000$28.17$225,360.00View SEC Filing  
3/22/2016Louis M Riccio JrCFOSell11,761$25.91$304,727.51View SEC Filing  
3/11/2016John Douglas CollierSVPSell7,908$25.42$201,021.36View SEC Filing  
9/11/2015Steven M KincaidSVPSell15,000$26.95$404,250.00View SEC Filing  
6/24/2015Mark BaconSVPSell29,309$26.96$790,170.64View SEC Filing  
6/23/2015Steven M KincaidSVPSell24,001$27.04$648,987.04View SEC Filing  
6/22/2015Steven M KincaidSVPSell21,490$27.03$580,874.70View SEC Filing  
9/15/2014Margaret L MuellerCAOSell3,369$21.32$71,827.08View SEC Filing  
6/27/2014Otis S SawyerSVPSell46,087$23.30$1,073,827.10View SEC Filing  
6/25/2014Mark BaconSVPSell8,000$23.61$188,880.00View SEC Filing  
6/20/2014Janet KerrDirectorBuy1,000$23.21$23,210.00View SEC Filing  
3/18/2014Margaret MuellerCAOSell3,750$27.88$104,550.00View SEC Filing  
9/17/2013Kurt DarrowCEOSell42,509$22.82$970,055.38View SEC Filing  
9/13/2013Kurt DarrowCEOSell59,816$22.52$1,347,056.32View SEC Filing  
9/9/2013Louis M Riccio JrCFOSell26,013$22.36$581,650.68View SEC Filing  
8/26/2013Margaret MuellerCAOSell10,918$22.25$242,925.50View SEC Filing  
8/26/2013Otis SawyerSVPSell15,500$22.23$344,565.00View SEC Filing  
8/22/2013Mark BaconSVPSell31,013$22.23$689,418.99View SEC Filing  
6/27/2013Steven M KincaidSVPSell5,000$19.50$97,500.00View SEC Filing  
6/25/2013Louis M Riccio JrCFOSell5,000$18.83$94,150.00View SEC Filing  
6/24/2013Otis S SawyerSVPSell11,025$18.41$202,970.25View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for La-Z-Boy Incorporated (NYSE:LZB)
Latest Headlines for La-Z-Boy Incorporated (NYSE:LZB)
DateHeadline logoLa-Z-Boy, Inc. breached its 50 day moving average in a Bullish Manner : LZB-US : October 17, 2017 - October 18 at 6:48 AM logoLa-Z-Boy, Inc. breached its 50 day moving average in a Bullish Manner : LZB-US : October 17, 2017 - October 18 at 6:48 AM logoETFs with exposure to La-Z-Boy, Inc. : October 13, 2017 - October 14 at 2:27 AM logoLa-Z-Boy, Inc. : LZB-US: Dividend Analysis : September 08th, 2017 (record date) : By the numbers : September 27, 2017 - October 2 at 12:10 PM logoLa-Z-Boy Incorporated (LZB) Receives Consensus Recommendation of "Hold" from Analysts - October 1 at 6:42 AM logoLa-Z-Boy (LZB) and Stanley Furniture (STLY) Critical Comparison - September 29 at 4:32 PM logoBRIEF-La-Z-Boy CFO reports retirement - September 27 at 3:59 PM logoLa-Z-Boy CFO Announces Retirement - September 27 at 9:56 AM logoLa-Z-Boy CFO Louis Riccio Jr. to retire - September 27 at 9:56 AM logoLa-Z-Boy Incorporated (LZB) Short Interest Update - September 20 at 2:20 AM logoCritical Contrast: La-Z-Boy (LZB) vs. Stanley Furniture (STLY) - September 12 at 8:32 AM logoLa-Z-Boy Incorporated (LZB) Given Consensus Recommendation of "Hold" by Analysts - September 6 at 6:40 AM logoLa-Z-Boy Incorporated (LZB) Expected to Announce Quarterly Sales of $390.24 Million - September 4 at 5:14 AM logoLa-Z-Boy Incorporated (LZB) Expected to Post Earnings of $0.46 Per Share - September 2 at 6:30 PM logoETFs with exposure to La-Z-Boy, Inc. : August 31, 2017 - September 1 at 3:22 AM logoLa-Z-Boy Incorporated (LZB) Announces $0.11 Quarterly Dividend - August 29 at 4:48 PM logoFY2018 EPS Estimates for La-Z-Boy Incorporated (LZB) Lowered by KeyCorp - August 28 at 8:00 AM logoRisk Reward With La-Z-Boy - August 26 at 6:58 AM logoLa-Z-Boy Incorporated Forecasted to Post Q2 2018 Earnings of $0.46 Per Share (LZB) - August 25 at 10:36 AM logoLa-Z-Boy's (LZB) CEO Kurt Darrow on Q1 2018 Results - Earnings Call Transcript - August 25 at 8:14 AM logoTechnical Insights on Home Furnishings and Fixtures Stocks -- La-Z-Boy, Mohawk Industries, Select Comfort, and Fortune Brands Home & Security - August 25 at 8:14 AM logoLa-Z-Boy talks e-commerce and Generation X - August 24 at 10:54 AM logoStocks to Watch: Lowe's, Wal-Mart, Apple, Express, La-Z-Boy, Cree - August 24 at 8:57 AM logoLa-Z-Boy: I Thought It Was Supposed to Recline! - August 24 at 8:57 AM logoThreat Of Government Shutdown Chills Stocks; 2 Sectors Get Slammed - August 24 at 8:57 AM logoWhy Stryker, Ultragenyx Pharmaceutical, and La-Z-Boy Slumped Today - August 24 at 8:56 AM logoEdited Transcript of LZB earnings conference call or presentation 23-Aug-17 12:30pm GMT - August 24 at 8:56 AM logoStifel Nicolaus Lowers La-Z-Boy Incorporated (LZB) Price Target to $27.00 - August 24 at 8:06 AM logoLa-Z-Boy in talks with Amazon as it seeks to connect with millennials, Gen X - August 23 at 3:13 PM logoWhy Shares of La-Z-Boy Inc. Plunged Today - August 23 at 2:50 PM logoAfter-Hours Stock Movers 08/22: (SNAP) Higher; (LZB) (RARE) (CREE) Lower (more...) - August 22 at 8:47 PM logoBRIEF-La-Z-Boy expects capital expenditures to be $50 mln-$55 mln for all of fiscal 2018 - August 22 at 8:47 PM logoLa-Z-Boy misses Street 1Q forecasts - August 22 at 8:47 PM logoLa-Z-Boy Inc. (LZB) Is Pulling Back After Q1 Miss - August 22 at 8:47 PM logoLa-Z-Boy Reports Fiscal 2018 First-Quarter Results - August 22 at 8:47 PM logoLa-Z-Boy Incorporated (LZB) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS - August 22 at 5:54 PM logoLa-Z-Boy, Inc. breached its 50 day moving average in a Bearish Manner : LZB-US : August 18, 2017 - August 18 at 9:56 PM logo Brokerages Expect La-Z-Boy Incorporated (LZB) Will Announce Quarterly Sales of $357.69 Million - August 17 at 11:28 AM logoLa-Z-Boy Incorporated (NYSE:LZB) Scheduled to Post Quarterly Earnings on Tuesday - August 15 at 1:50 AM logoLa-Z-Boy Incorporated (NYSE:LZB) Given Consensus Recommendation of "Hold" by Brokerages - August 12 at 6:50 AM logoLa-Z-Boy Announces Fiscal 2018 First-Quarter Conference Call - August 11 at 6:19 AM logoLa-Z-Boy (NYSE:LZB) versus Bassett Furniture Industries, (BSET) Head to Head Review - August 10 at 8:06 AM logoSee what the IHS Markit Score report has to say about La-Z-Boy Inc. - August 10 at 4:01 AM logoFinancial Review: La-Z-Boy (NYSE:LZB) vs. Tempur Sealy International (TPX) - August 6 at 10:30 AM logoLa-Z-Boy Incorporated (LZB) Downgraded by Sidoti to Hold - August 1 at 11:08 AM logoComparing La-Z-Boy (NYSE:LZB) and Bassett Furniture Industries, (BSET) - July 31 at 9:07 AM logoLa-Z-Boy Incorporated (LZB) Expected to Post Earnings of $0.29 Per Share - July 28 at 9:38 AM logoLa-Z-Boy Incorporated (NYSE:LZB) Receives Consensus Recommendation of "Hold" from Analysts - July 18 at 11:32 AM logoHead to Head Survey: Bassett Furniture Industries, (BSET) and La-Z-Boy (LZB) - July 16 at 4:24 PM logoNasdaq Retakes Key Support; Lay-Z-Boy Gets Active - July 11 at 1:05 AM



La-Z-Boy Incorporated (LZB) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

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