LZB - La-Z-Boy Inc Stock Price, Fair Value and News

34.04USD-0.35 (-1.02%)Market Closed

Market Summary

USD34.04-0.35

Market Closed

-1.02%

LZB Alerts

1 major insider sales recently.

Big fall in Revenue (Y/Y)

LZB Stock Price

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LZB RSI Chart

LZB Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

12.41

Price/Sales (Trailing)

0.71

EV/EBITDA

5.54

Price/Free Cashflow

10.93

LZB Price/Sales (Trailing)

LZB Profitability

Operating Margin

45.46%

EBT Margin

7.67%

Return on Equity

12.07%

Return on Assets

6.15%

Free Cashflow Yield

9.15%

LZB Fundamentals

LZB Revenue

Revenue (TTM)

2.1B

Rev. Growth (Yr)

-12.63%

Rev. Growth (Qtr)

-2.16%

LZB Earnings

Earnings (TTM)

118.1M

Earnings Growth (Yr)

-9.73%

Earnings Growth (Qtr)

3.42%

Breaking Down LZB Revenue

Last 7 days

4.8%

Last 30 days

-6.1%

Last 90 days

-2.3%

Trailing 12 Months

21.3%

How does LZB drawdown profile look like?

LZB Financial Health

Current Ratio

1.93

LZB Investor Care

Dividend Yield

2.16%

Dividend/Share (TTM)

0.74

Buy Backs (1Y)

1.21%

Diluted EPS (TTM)

2.7

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.1B	0	0	0
2023	2.5B	2.3B	2.2B	2.1B
2022	2.2B	2.4B	2.4B	2.5B
2021	1.6B	1.7B	2.0B	2.1B
2020	1.8B	1.7B	1.6B	1.6B
2019	1.7B	1.7B	1.8B	1.8B
2018	1.6B	1.6B	1.6B	1.7B
2017	1.5B	1.5B	1.5B	1.6B
2016	1.5B	1.5B	1.5B	1.5B
2015	1.4B	1.4B	1.4B	1.5B
2014	1.0B	1.4B	1.4B	1.4B
2013	1.2B	47.2M	374.7M	702.2M
2012	1.2B	1.2B	1.2B	1.2B
2011	1.2B	1.2B	1.2B	1.2B
2010	0	1.2B	1.2B	1.2B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of La-Z-Boy Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	leggett michael adam	sold	-114,087	37.0775	-3,077	sr vp & chief supply chain off
Mar 21, 2024	leggett michael adam	acquired	96,541	24.41	3,955	sr vp & chief supply chain off
Feb 29, 2024	lavigne mark stephen	acquired	-	-	1,853	-
Jan 27, 2024	sundy robert ii	sold (taxes)	-36,365	35.97	-1,011	pres lzb brand cco
Jan 15, 2024	leggett michael adam	sold (taxes)	-15,621	36.16	-432	sr vp & chief supply chain off
Sep 25, 2023	kerr janet	sold	-141,409	30.8618	-4,582	-
Sep 01, 2023	gallagher sarah m.	acquired	-	-	4,582	-
Sep 01, 2023	hackett james p	acquired	-	-	4,582	-
Sep 01, 2023	peters lauren b	acquired	-	-	4,582	-
Sep 01, 2023	kerr janet	acquired	-	-	4,582	-

Which funds bought or sold LZB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.4	3,764	797,544	0.02%
Apr 23, 2024	FIFTH THIRD BANCORP	added	2.89	309	6,696	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-15.73	-82,000	500,000	-%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	75.00	1,016	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	sold off	-100	-3,000,120	-	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	137,900	842,921	0.01%
Apr 19, 2024	Mesirow Financial Investment Management, Inc.	sold off	-100	-599,950	-	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-1.6	3,000	980,000	0.01%
Apr 19, 2024	Maryland State Retirement & Pension System	reduced	-1.48	-74,387	503,300	0.01%
Apr 18, 2024	Phocas Financial Corp.	unchanged	-	-4,622,370	4,627	0.02%

Are Funds Buying or Selling LZB?

Are funds buying LZB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own LZB

No. of Funds

Unveiling La-Z-Boy Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.96%	5,116,149	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	7.4%	3,184,841	SC 13G/A
Jan 22, 2024	blackrock inc.	16.0%	6,865,941	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.7%	2,869,809	SC 13G/A
Feb 09, 2023	vanguard group inc	11.84%	5,109,088	SC 13G/A
Feb 06, 2023	wellington management group llp	0.05%	22,564	SC 13G/A
Jan 26, 2023	blackrock inc.	16.3%	7,034,630	SC 13G/A
Jan 20, 2023	blackrock inc.	16.3%	7,034,630	SC 13G/A
Feb 14, 2022	silvercrest asset management group llc	4.7%	2,053,503	SC 13G/A
Feb 10, 2022	vanguard group inc	10.84%	4,758,021	SC 13G/A

Recent SEC filings of La-Z-Boy Inc

View All Filings

Date Filed	Form Type	Document
Mar 22, 2024	4	Insider Trading
Mar 21, 2024	144	Notice of Insider Sale Intent
Mar 01, 2024	4	Insider Trading
Feb 20, 2024	8-K	Current Report
Feb 20, 2024	10-Q	Quarterly Report
Feb 16, 2024	UPLOAD	UPLOAD
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 13, 2024	CORRESP	CORRESP
Feb 09, 2024	SC 13G/A	Major Ownership Report
Jan 30, 2024	4	Insider Trading

Peers (Alternatives to La-Z-Boy Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
HD	335.9B	152.7B	-13.16%	12.36%	22.18	2.2	-3.01%	-11.47%
LOW	133.6B	86.4B	-9.65%	11.22%	17.3	1.55	-11.01%	20.02%
DHI	47.0B	37.1B	-8.53%	36.40%	9.46	1.27	10.12%	-4.29%
NVR	24.9B	9.5B	-1.88%	31.07%	15.66	2.62	-9.58%	-7.76%
FND	11.7B	4.4B	-15.55%	11.17%	47.72	2.66	3.50%	-17.51%
MID-CAP
MHK	7.2B	11.1B	-9.41%	15.43%	-16.43	0.65	-5.13%	-1840.86%
IBP	6.8B	2.8B	-7.75%	93.21%	27.7	2.43	4.08%	9.09%
WHR	5.8B	19.5B	-4.84%	-25.04%	11.93	0.3	-1.36%	131.86%
CVCO	3.1B	1.9B	-4.64%	21.25%	18.3	1.69	-14.77%	-30.65%
CCS	2.7B	3.7B	-9.66%	25.98%	10.27	0.72	-18.06%	-50.64%
LEG	2.4B	4.7B	-3.04%	-42.30%	-17.8	0.52	-8.19%	-144.16%
SMALL-CAP
AMWD	1.5B	1.9B	-7.18%	80.97%	12.31	0.79	-10.13%	53.07%
BZH	879.5M	2.1B	-11.49%	61.31%	5.64	0.41	-6.89%	-25.76%
BSET	118.3M	369.0M	-9.40%	-7.90%	-20.37	0.32	-22.39%	-109.49%
CRWS	52.6M	86.7M	-7.89%	-9.19%	11.16	0.61	9.53%	-34.99%

La-Z-Boy Inc News

Latest updates

La-Z-Boy Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.2%	500	511	482	561	573	611	604	685	572	576	525	519	470	459	285	367	476	447	414	454	468
Cost Of Revenue	-0.6%	287	289	276	269	337	362	373	413	352	353	323	297	269	259	169	196	276	265	246	264	278
Gross Profit	-4.2%	213	223	206	293	236	249	231	271	219	223	202	222	201	201	116	172	200	182	168	190	190
S&GA Expenses	-4.4%	181	189	171	239	193	188	178	192	180	169	168	172	167	153	112	131	147	153	144	153	149
EBITDA Margin	0.4%	0.10*	0.10*	0.10*	0.11*	0.11*	0.11*	0.11*	0.10*	0.10*	0.10*	0.11*	0.10*	0.09*	0.09*	0.08*	0.09*	0.08*	-	-	-	-
Income Taxes	-27.2%	7.00	10.00	10.00	11.00	12.00	16.00	14.00	20.00	10.00	15.00	9.00	13.00	11.00	12.00	1.00	11.00	12.00	8.00	5.00	3.00	11.00
Earnings Before Taxes	-4.6%	36.00	38.00	38.00	46.00	44.00	63.00	53.00	78.00	39.00	55.00	34.00	51.00	41.00	48.00	6.00	14.00	47.00	31.00	23.00	4.00	40.00
EBT Margin	-1.3%	0.08*	0.08*	0.09*	0.09*	0.10*	0.09*	0.09*	0.09*	0.08*	0.09*	0.09*	0.08*	0.07*	0.07*	0.06*	0.07*	0.06*	-	-	-	-
Net Income	3.4%	29.00	28.00	28.00	34.00	32.00	47.00	39.00	57.00	28.00	40.00	25.00	37.00	29.00	35.00	5.00	2.00	35.00	23.00	18.00	1.00	29.00
Net Income Margin	0.9%	0.06*	0.06*	0.06*	0.06*	0.07*	0.07*	0.07*	0.06*	0.06*	0.06*	0.06*	0.06*	0.05*	0.05*	0.04*	0.05*	0.04*	-	-	-	-
Free Cashflow	106.2%	37.00	18.00	12.00	67.00	79.00	-21.59	12.00	16.00	4.00	-4.70	-13.18	49.00	43.00	84.00	96.00	34.00	54.00	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	2.0%	1,918	1,880	1,848	1,866	1,846	1,858	1,919	1,932	1,930	1,852	1,810	1,786	1,740	1,650	1,504	1,435	1,443	1,392	1,362	1,060	1,061
Current Assets	1.1%	850	841	829	855	849	857	920	952	962	965	937	926	888	796	704	626	603	562	531	541	547
Cash Equivalents	-0.1%	329	330	336	343	281	205	238	249	237	293	333	395	390	351	334	264	166	118	112	132	102
Inventory	3.1%	277	268	269	276	304	343	332	303	316	286	264	226	212	189	180	182	199	205	198	197	219
Net PPE	5.1%	284	271	277	279	268	269	263	253	251	238	229	219	213	212	213	215	213	210	205	201	196
Goodwill	0.5%	210	208	207	205	205	203	202	195	195	180	176	176	176	175	162	161	185	185	185	186	185
Current Liabilities	1.9%	440	432	438	476	509	551	639	676	713	681	652	612	551	490	425	350	329	318	296	239	269
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50.00	75.00	-	-	-	-	20.00
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00
Shareholder's Equity	0.5%	978	974	964	942	917	884	844	820	784	786	764	782	788	755	715	716	729	711	698	697	672
Retained Earnings	1.4%	575	567	558	545	519	495	456	431	396	398	380	399	401	378	347	344	353	337	329	326	330
Additional Paid-In Capital	1.0%	365	361	357	359	350	347	343	342	339	337	333	331	334	326	320	318	317	314	311	313	307
Shares Outstanding	-0.6%	43.00	43.00	43.00	43.00	43.00	43.00	43.00	43.00	44.00	45.00	45.00	46.00	46.00	46.00	46.00	46.00	47.00	-	-	-	-
Minority Interest	1.7%	10.00	10.00	11.00	10.00	10.00	9.00	9.00	9.00	9.00	8.00	9.00	9.00	9.00	8.00	7.00	16.00	16.00	16.00	15.00	14.00	15.00
Float	-	-	-	-	-	-	1,088	-	-	-	1,478	-	-	-	1,647	-	-	-	1,648	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	56.6%	48,478	30,963	25,913	78,115	96,098	-2,150	33,104	33,812	29,758	9,271	6,163	60,086	54,121	89,410	106,300	44,483	66,057	34,362	19,340	59,297	45,364
Share Based Compensation	-22.9%	3,711	4,811	2,526	4,002	3,377	3,662	1,417	2,971	2,533	3,894	2,460	3,556	2,948	4,120	2,047	1,136	2,528	3,032	1,675	2,807	2,495
Cashflow From Investing	-127.5%	-28,725	-12,625	-12,679	-12,155	-13,827	-18,200	-25,938	-1,335	-44,564	-12,953	-19,519	-10,806	-14,297	-16,848	1,248	-2,801	1,231	-14,044	-18,301	-7,293	-12,259
Cashflow From Financing	14.1%	-20,593	-23,979	-19,904	-3,245	-7,957	-12,102	-13,835	-22,273	-41,560	-36,053	-44,675	-47,428	-1,471	-56,449	-35,706	55,852	-18,452	-14,953	-19,889	-23,398	-26,299
Dividend Payments	9.8%	8,545	7,780	7,852	-	7,866	7,064	7,097	-	7,223	6,621	6,777	-	6,484	3,216	-	6,450	6,490	6,039	6,112	6,127	6,103
Buy Backs	103.3%	20,341	10,005	10,007	-	-	-	5,004	14,999	25,006	15,000	35,640	43,327	875	-	-	8,022	12,182	10,854	12,313	6,231	5,116

LZB Income Statement

2024-01-27

CONSOLIDATED STATEMENT OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 27, 2024	Jan. 28, 2023	Jan. 27, 2024	Jan. 28, 2023
Income Statement [Abstract]
Sales	$ 500,406	$ 572,723	$ 1,493,492	$ 1,788,146
Cost of sales	287,152	337,142	851,905	1,072,051
Gross profit	213,254	235,581	641,587	716,095
Selling, general and administrative expense	180,693	192,741	540,888	558,729
Operating income	32,561	42,840	100,699	157,366
Interest expense	(106)	(136)	(329)	(414)
Interest income	4,124	2,012	11,222	3,624
Other income (expense), net	(639)	(1,062)	21	(834)
Income before income taxes	35,940	43,654	111,613	159,742
Income tax expense	7,256	12,077	27,309	42,446
Net income	28,684	31,577	84,304	117,296
Net (income) loss attributable to noncontrolling interests	(44)	149	(986)	(1,005)
Net income attributable to La-Z-Boy Incorporated	$ 28,640	$ 31,726	$ 83,318	$ 116,291
Earnings Per Share, Basic [Abstract]
Basic weighted average common shares (in shares)	42,767	43,137	43,005	43,111
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share)	$ 0.67	$ 0.74	$ 1.94	$ 2.70
Earnings Per Share, Diluted [Abstract]
Diluted weighted average common shares (in shares)	43,195	43,137	43,344	43,111
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share)	$ 0.66	$ 0.74	$ 1.92	$ 2.70

LZB Balance Sheet

2024-01-27

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Jan. 27, 2024	Apr. 29, 2023
Current assets
Cash and equivalents	$ 329,324	$ 343,374
Restricted cash	3,855	3,304
Receivables, net of allowance of $4,399 at 1/27/2024 and $4,776 at 4/29/2023	119,383	125,536
Inventories, net	276,833	276,257
Other current assets	120,996	106,129
Total current assets	850,391	854,600
Property, plant and equipment, net	284,407	278,578
Goodwill	209,526	205,008
Other intangible assets, net	45,633	39,375
Deferred income taxes – long-term	8,716	8,918
Right of use lease assets	460,403	416,269
Other long-term assets, net	59,216	63,515
Total assets	1,918,292	1,866,263
Current liabilities
Accounts payable	86,819	107,460
Lease liabilities, short-term	77,601	77,751
Accrued expenses and other current liabilities	275,522	290,650
Total current liabilities	439,942	475,861
Lease liabilities, long-term	418,149	368,163
Other long-term liabilities	72,315	70,142
Shareholders' equity
Preferred shares – 5,000 authorized; none issued	0	0
Common shares, $1.00 par value – 150,000 authorized; 42,613 outstanding at 1/27/2024 and 43,318 outstanding at 4/29/2023	42,613	43,318
Capital in excess of par value	365,111	358,891
Retained earnings	575,376	545,155
Accumulated other comprehensive loss	(4,880)	(5,528)
Total La-Z-Boy Incorporated shareholders' equity	978,220	941,836
Noncontrolling interests	9,666	10,261
Total equity	987,886	952,097
Total liabilities and equity	$ 1,918,292	$ 1,866,263

About La-Z-Boy Inc

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, entertainment centers, and occasional pieces. 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 Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. The company 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 headquartered in Monroe, Michigan.

CEO	Ms. Melinda D. Whittington
WEBSITE	la-z-boy.com
INDUSTRY	Home Improvement Retail
EMPLOYEES	10500

La-Z-Boy Inc Frequently Asked Questions

What is the ticker symbol for La-Z-Boy Inc? What does LZB stand for in stocks?

LZB is the stock ticker symbol of La-Z-Boy Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of La-Z-Boy Inc (LZB)?

As of Tue Apr 23 2024, market cap of La-Z-Boy Inc is 1.47 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of LZB stock?

You can check LZB's fair value in chart for subscribers.

What is the fair value of LZB stock?

You can check LZB's fair value in chart for subscribers. The fair value of La-Z-Boy Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of La-Z-Boy Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for LZB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is La-Z-Boy Inc a good stock to buy?

The fair value guage provides a quick view whether LZB is over valued or under valued. Whether La-Z-Boy Inc is cheap or expensive depends on the assumptions which impact La-Z-Boy Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for LZB.

What is La-Z-Boy Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, LZB's PE ratio (Price to Earnings) is 12.41 and Price to Sales (PS) ratio is 0.71. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. LZB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on La-Z-Boy Inc's stock?

In the past 10 years, La-Z-Boy Inc has provided 0.047 (multiply by 100 for percentage) rate of return.