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LZB

La-Z-BoyNYSE:LZB Stock Report

Last Price

US$33.92

Market Cap

US$1.5b

7D

-5.2%

1Y

-20.6%

Updated

19 Jan, 2022

Data

Company Financials +
LZB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends3/6

LZB Stock Overview

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.

La-Z-Boy Competitors

Tempur Sealy International

NYSE:TPX

US$7.9b

Lovesac

NasdaqGM:LOVE

US$793.2m

Ethan Allen Interiors

NYSE:ETD

US$674.2m

Purple Innovation

NasdaqGS:PRPL

US$638.9m

Price History & Performance

Summary of all time highs, changes and price drops for La-Z-Boy
Historical stock prices
Current Share PriceUS$33.92
52 Week HighUS$46.74
52 Week LowUS$31.92
Beta1.05
1 Month Change-1.11%
3 Month Change0.12%
1 Year Change-20.64%
3 Year Change16.56%
5 Year Change12.13%
Change since IPO461.43%

Recent News & Updates

Jan 17

La-Z-Boy: An Iconic Firm At An Attractive Price

La-Z-Boy has been somewhat inconsistent operationally in recent years, but the overall trend for the business has been bullish. Shares are also priced at levels that investors should consider appealing. Add onto this the fact that the firm has a sizable amount of cash and no net debt on hand and it's a difficult opportunity to pass up.

Dec 11
Returns On Capital At La-Z-Boy (NYSE:LZB) Have Hit The Brakes

Returns On Capital At La-Z-Boy (NYSE:LZB) Have Hit The Brakes

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Nov 09
What Does La-Z-Boy Incorporated's (NYSE:LZB) Share Price Indicate?

What Does La-Z-Boy Incorporated's (NYSE:LZB) Share Price Indicate?

While La-Z-Boy Incorporated ( NYSE:LZB ) might not be the most widely known stock at the moment, it saw a decent share...

Shareholder Returns

LZBUS Consumer DurablesUS Market
7D-5.2%-4.1%-3.5%
1Y-20.6%16.4%10.2%

Return vs Industry: LZB underperformed the US Consumer Durables industry which returned 16.4% over the past year.

Return vs Market: LZB underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is LZB's price volatile compared to industry and market?
LZB volatility
LZB Average Weekly Movement5.1%
Consumer Durables Industry Average Movement6.5%
Market Average Movement6.6%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: LZB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LZB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192711,500Melinda Whittingtonhttps://www.la-z-boy.com

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.

La-Z-Boy Fundamentals Summary

How do La-Z-Boy's earnings and revenue compare to its market cap?
LZB fundamental statistics
Market CapUS$1.49b
Earnings (TTM)US$130.78m
Revenue (TTM)US$2.09b

11.4x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LZB income statement (TTM)
RevenueUS$2.09b
Cost of RevenueUS$1.24b
Gross ProfitUS$848.72m
ExpensesUS$717.94m
EarningsUS$130.78m

Last Reported Earnings

Oct 23, 2021

Next Earnings Date

Feb 15, 2022

Earnings per share (EPS)2.98
Gross Margin40.60%
Net Profit Margin6.26%
Debt/Equity Ratio0%

How did LZB perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

20%

Payout Ratio

Valuation

Is La-Z-Boy undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LZB ($33.92) is trading below our estimate of fair value ($95.32)

Significantly Below Fair Value: LZB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LZB is poor value based on its PE Ratio (11.4x) compared to the US Consumer Durables industry average (9.5x).

PE vs Market: LZB is good value based on its PE Ratio (11.4x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: LZB is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: LZB's PB Ratio (1.9x) is in line with the US Consumer Durables industry average.


Future Growth

How is La-Z-Boy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LZB's forecast earnings growth (4.4% per year) is above the savings rate (2%).

Earnings vs Market: LZB's earnings (4.4% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: LZB's earnings are forecast to grow, but not significantly.

Revenue vs Market: LZB's revenue (3.2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: LZB's revenue (3.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LZB's Return on Equity is forecast to be low in 3 years time (17.5%).


Past Performance

How has La-Z-Boy performed over the past 5 years?

5.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LZB has high quality earnings.

Growing Profit Margin: LZB's current net profit margins (6.3%) are higher than last year (4.8%).


Past Earnings Growth Analysis

Earnings Trend: LZB's earnings have grown by 5% per year over the past 5 years.

Accelerating Growth: LZB's earnings growth over the past year (71.3%) exceeds its 5-year average (5% per year).

Earnings vs Industry: LZB earnings growth over the past year (71.3%) underperformed the Consumer Durables industry 74.2%.


Return on Equity

High ROE: LZB's Return on Equity (16.9%) is considered low.


Financial Health

How is La-Z-Boy's financial position?


Financial Position Analysis

Short Term Liabilities: LZB's short term assets ($965.2M) exceed its short term liabilities ($680.5M).

Long Term Liabilities: LZB's short term assets ($965.2M) exceed its long term liabilities ($385.9M).


Debt to Equity History and Analysis

Debt Level: LZB is debt free.

Reducing Debt: LZB had no debt 5 years ago.

Debt Coverage: LZB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: LZB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is La-Z-Boy current dividend yield, its reliability and sustainability?

1.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LZB's dividend (1.77%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: LZB's dividend (1.77%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

Stable Dividend: LZB has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LZB's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.5%), LZB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LZB's dividends in 3 years are forecast to be well covered by earnings (19.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Melinda Whittington (53 yo)

0.75

Tenure

US$2,186,375

Compensation

Ms. Melinda D. Whittington serves as President, Chief Executive Officer and Director of La-Z-Boy Incorporated since April 25, 2021. She had been Senior Vice President and Chief Financial Officer of La-Z-Bo...


CEO Compensation Analysis

Compensation vs Market: Melinda's total compensation ($USD2.19M) is below average for companies of similar size in the US market ($USD3.70M).

Compensation vs Earnings: Melinda's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: LZB's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: LZB's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LZB insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

La-Z-Boy Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: La-Z-Boy Incorporated
  • Ticker: LZB
  • Exchange: NYSE
  • Founded: 1927
  • Industry: Home Furnishings
  • Sector: Consumer Durables
  • Implied Market Cap: US$1.489b
  • Shares outstanding: 43.91m
  • Website: https://www.la-z-boy.com

Number of Employees


Location

  • La-Z-Boy Incorporated
  • One La-Z-Boy Drive
  • Monroe
  • Michigan
  • 48162-5138
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:34
End of Day Share Price2022/01/19 00:00
Earnings2021/10/23
Annual Earnings2021/04/24


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.