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La-Z-Boy Inc Stock Research

LZB

26.94USD+0.27(+1.01%)Market Closed

Market Summary

USD26.94+0.27
Market Closed
1.01%

LZB Stock Price

LZB RSI Chart

LZB Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

6.64

Price/Sales (Trailing)

0.47

EV/EBITDA

3.15

Price/Free Cashflow

13.6

LZB Price/Sales (Trailing)

LZB Profitability

Operating Margin

41.24%

EBT Margin

9.60%

Return on Equity

19.3%

Return on Assets

9.47%

Free Cashflow Yield

7.35%

LZB Fundamentals

LZB Revenue

Revenue (TTM)

2.5B

Revenue Y/Y

0.2%

Revenue Q/Q

-6.32%

LZB Earnings

Earnings (TTM)

174.9M

Earnings Y/Y

11.45%

Earnings Q/Q

-32.18%

Price Action

52 Week Range

21.9233.06
(Low)(High)

Last 7 days

-2.5%

Last 30 days

-2.7%

Last 90 days

-17.9%

Trailing 12 Months

6.3%

LZB Financial Health

Current Ratio

1.67

LZB Investor Care

Dividend Yield

2.53%

Dividend/Share (TTM)

0.68

Buy Backs (1Y)

1.28%

Diluted EPS (TTM)

4.02

Peers (Alternatives to La-Z-Boy)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
36.4B
33.7B
0.60% 46.90%
7.01
1.08
10.55% 3.05%
19.9B
4.8B
9.07% 2.08%
20.61
4.11
-4.88% -10.19%
14.8B
16.6B
1.92% 46.94%
5.5
0.89
15.83% 28.51%
MID-CAP
7.4B
19.5B
4.03% -23.30%
-3.68
0.38
-9.72% -220.82%
6.8B
11.5B
0.25% -31.78%
-48.29
0.59
-0.17% -113.42%
6.6B
4.9B
4.88% 45.11%
14.42
1.34
-4.62% -34.32%
4.3B
5.0B
1.90% -17.81%
13.96
0.84
-3.93% -32.67%
3.6B
8.9B
-26.39% -58.39%
-27.17
0.41
-16.96% -117.57%
3.4B
2.8B
-8.40% 22.45%
10.56
1.4
36.51% 120.80%
2.4B
2.2B
-5.78% 25.15%
9.74
1.11
52.07% 45.82%
SMALL-CAP
1.2B
2.5B
-2.71% 6.31%
6.64
0.47
12.82% 32.93%
177.2M
583.1M
-1.25% -6.02%
-41.11
0.3
-1.77% -136.80%
123.5M
475.4M
-2.82% -11.46%
2.02
0.26
2.77% 212.27%
95.2M
412.4M
5.80% -4.78%
21.9
0.23
-25.82% -45.44%

Financials for La-Z-Boy

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue0.0%2,4732,4722,4362,3572,192
Cost Of Revenue-1.8%1,4531,4791,4811,4411,325
Gross Profit2.7%1,020993955916867
  S&GA Expenses3.1%784760730709689
EBITDA2.1%279274265245-
EBITDA Margin2.0%0.11*0.11*0.11*--
Earnings Before Taxes2.1%237232224205179
EBT Margin2.1%0.10*0.09*0.09*--
Net Income1.9%175172165150132
Net Income Margin1.9%0.07*0.07*0.07*--
Free Cahsflow689.8%85.0011.0028.002.00-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-0.6%1,8461,8581,9191,9321,930
  Current Assets-1.0%849857920952962
    Cash Equivalents37.2%281205238246237
  Inventory-11.4%304343332303316
  Net PPE-0.6%268269263253251
  Goodwill0.6%205203202195195
  Current Liabilities-7.5%509551639676713
Shareholder's Equity2.5%906884844811784
  Retained Earnings4.8%519495456431396
  Additional Paid-In Capital1.0%350347343342339
Shares Outstanding0.0%43.0043.0043.0043.0044.00
Minority Interest14.0%10.009.009.009.009.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations70.2%16195.0010679.00105
  Share Based Compensation8.0%11.0011.0011.0012.0012.00
Cashflow From Investing34.1%-59.30-90.04-84.79-78.37-87.84
Cashflow From Financing37.4%-56.17-89.77-113-144-169
  Dividend Payments3.0%29.0029.0028.0027.00-
  Buy Backs-55.6%20.0045.0060.0091.00119

Risks for LZB

What is the probability of a big loss on LZB?

78.1%


Probability that La-Z-Boy stock will be more than 20% underwater in next one year

39.2%


Probability that La-Z-Boy stock will be more than 30% underwater in next one year.

21.5%


Probability that La-Z-Boy stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does LZB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if La-Z-Boy was unfortunately bought at previous high price.

Drawdowns

Returns for LZB

Cumulative Returns on LZB

4.8%


10-Year Cumulative Returns

1.6%


7-Year Cumulative Returns

-2.0%


5-Year Cumulative Returns

3.0%


3-Year Cumulative Returns

What are the long-term rolling returns for LZB?

FIve years rolling returns for La-Z-Boy.

Annualized Returns

Which funds bought or sold LZB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-2.94
1,764,650
9,223,650
-%
2023-05-18
JPMORGAN CHASE & CO
added
14.49
2,530,230
8,036,230
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
added
6.51
633,000
2,404,000
-%
2023-05-17
Thrivent Financial for Lutherans
reduced
-1.77
453,000
2,253,000
-%
2023-05-16
Rockefeller Capital Management L.P.
sold off
-100
-4,000
-
-%
2023-05-16
SUSQUEHANNA INTERNATIONAL GROUP, LLP
new
-
593,843
593,843
-%
2023-05-16
JANE STREET GROUP, LLC
new
-
288,997
288,997
-%
2023-05-15
Petrus Trust Company, LTA
unchanged
-
89,386
415,233
0.05%
2023-05-15
Belpointe Asset Management LLC
new
-
465
465
-%
2023-05-15
JANUS HENDERSON GROUP PLC
new
-
618,729
618,729
-%

1–10 of 44

Latest Funds Activity

Are funds buying LZB calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own LZB
No. of Funds

La-Z-Boy News

MarketWatch
Leggett & Platt Inc. stock falls Friday, underperforms market.
MarketWatch,
31 hours ago
StockNews.com
LZB: 3 Home Good Stocks to Buy.
StockNews.com,
2 days ago
Investor's Business Daily
Yahoo Finance

Schedule 13G FIlings of La-Z-Boy

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 08, 2022
dimensional fund advisors lp
5.5%
2,414,357
SC 13G/A
Feb 04, 2022
wellington management group llp
5.89%
2,586,282
SC 13G/A
Jan 27, 2022
blackrock inc.
16.0%
7,040,519
SC 13G/A
Jan 25, 2022
blackrock inc.
16.0%
7,040,519
SC 13G

LZB Fair Value

La-Z-Boy fair value in different scenarios

The table shows the Fair Value estimates for La-Z-Boy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

45.23

67.89%

56.05

108.05%

75.22

179.21%

98.00

263.77%

133.20

394.43%
Current Inflation

41.55

54.23%

50.80

88.57%

66.97

148.59%

86.15

219.78%

115.89

330.18%
Very High Inflation

36.99

37.31%

44.43

64.92%

57.19

112.29%

72.31

168.41%

95.86

255.83%

Historical La-Z-Boy Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of La-Z-Boy

View All Filings
Date Filed Form Type Document
Apr 26, 2023
3
Insider Trading
Apr 25, 2023
4
Insider Trading
Mar 02, 2023
4
Insider Trading
Mar 02, 2023
3
Insider Trading
Feb 28, 2023
8-K
Current Report
Feb 21, 2023
8-K
Current Report
Feb 21, 2023
10-Q
Quarterly Report

Latest Insider Trading transactions for LZB

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-04-22
McCurry Jennifer Lynn
sold (taxes)
-1,214
28.25
-43.00
chief accounting officer
2023-01-27
Sundy Robert II
sold (taxes)
-28,008
27.54
-1,017
svp & chief commercial officer
2023-01-15
Leggett Michael Adam
sold (taxes)
-10,625
26.63
-399
sr vp & chief supply chain off
2023-01-07
Lucian Robert Gerard
sold (taxes)
-5,296
24.41
-217
sr. vice president & cfo
2022-08-01
McCurry Jennifer Lynn
sold (taxes)
-2,040
28.34
-72.00
chief accounting officer
2022-06-28
McCurry Jennifer Lynn
acquired
-
-
787
chief accounting officer
2022-06-28
Sawyer Otis S
acquired
-
-
7,103
senior vice president
2022-06-28
Whittington Melinda D
acquired
-
-
32,773
president & ceo
2022-06-28
Leggett Michael Adam
acquired
-
-
5,121
sr vp & chief supply chain off
2022-06-28
Richmond Raphaell Z.
acquired
-
-
4,424
vp, gc & chief compliance off

1–10 of 50

Melinda D. Whittington
11500
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 and Retail 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 Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. This segment operates a network of 159 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. 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.

LZB Income Statement

2023-01-28
CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Jan. 28, 2023
Jan. 22, 2022
Jan. 28, 2023
Jan. 22, 2022
Income Statement [Abstract]    
Sales$ 572,723$ 571,573$ 1,788,146$ 1,672,245
Cost of sales326,296352,2081,039,5231,027,503
Gross profit246,427219,365748,623644,742
Selling, general and administrative expense203,587179,878591,257516,771
Operating income 42,84039,487157,366127,971
Interest expense(136)(160)(414)(713)
Interest income2,0128063,6241,029
Other income (expense), net(1,062)(1,460)(834)(522)
Income before income taxes43,65438,673159,742127,765
Income tax expense12,0779,59142,44633,059
Net income31,57729,082117,29694,706
Net (income) loss attributable to noncontrolling interests149(615)(1,005)(2,157)
Net income attributable to La-Z-Boy Incorporated$ 31,726$ 28,467$ 116,291$ 92,549
Earnings Per Share, Basic [Abstract]    
Basic weighted average common shares (in shares)43,13743,70143,11144,342
Basic net income attributable to La-Z-Boy Incorporated per share (in dollars per share)$ 0.74$ 0.65$ 2.70$ 2.09
Earnings Per Share, Diluted [Abstract]    
Diluted weighted average common shares (in shares)43,13743,96843,11144,640
Diluted net income attributable to La-Z-Boy Incorporated per share (in dollars per share)$ 0.74$ 0.65$ 2.70$ 2.07

LZB Balance Sheet

2023-01-28
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Thousands
Jan. 28, 2023
Apr. 30, 2022
Current assets  
Cash and equivalents$ 280,763$ 245,589
Restricted cash3,2823,267
Receivables, net of allowance of $4,228 at 1/28/2023 and $3,406 at 4/30/2022137,593183,747
Inventories, net303,553303,191
Other current assets123,803215,982
Total current assets848,994951,776
Property, plant and equipment, net267,606253,144
Goodwill204,781194,604
Other intangible assets, net39,18033,971
Deferred income taxes – long-term11,19910,632
Right of use lease assets399,807405,755
Other long-term assets, net74,78882,207
Total assets1,846,3551,932,089
Current liabilities  
Accounts payable86,882104,025
Lease liabilities, short-term77,14275,271
Accrued expenses and other current liabilities345,360496,393
Total current liabilities509,384675,689
Lease liabilities, long-term350,144354,843
Other long-term liabilities70,32381,935
Shareholders' equity  
Preferred shares – 5,000 authorized; none issued00
Common shares, $1.00 par value – 150,000 authorized; 43,140 outstanding at 1/28/23 and 43,089 outstanding at 4/30/2243,14043,089
Capital in excess of par value350,406342,252
Retained earnings518,732431,181
Accumulated other comprehensive loss(6,180)(5,797)
Total La-Z-Boy Incorporated shareholders' equity906,098810,725
Noncontrolling interests10,4068,897
Total equity916,504819,622
Total liabilities and equity$ 1,846,355$ 1,932,089