| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
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
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$33.92 |
| 52 Week High | US$46.74 |
| 52 Week Low | US$31.92 |
| Beta | 1.05 |
| 1 Month Change | -1.11% |
| 3 Month Change | 0.12% |
| 1 Year Change | -20.64% |
| 3 Year Change | 16.56% |
| 5 Year Change | 12.13% |
| Change since IPO | 461.43% |
Recent News & Updates
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.
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...
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
| LZB | US Consumer Durables | US 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
| LZB volatility | |
|---|---|
| LZB Average Weekly Movement | 5.1% |
| Consumer Durables Industry Average Movement | 6.5% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.8% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1927 | 11,500 | Melinda Whittington | https://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
| LZB fundamental statistics | |
|---|---|
| Market Cap | US$1.49b |
| Earnings (TTM) | US$130.78m |
| Revenue (TTM) | US$2.09b |
11.4x
P/E Ratio0.7x
P/S RatioIs LZB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LZB income statement (TTM) | |
|---|---|
| Revenue | US$2.09b |
| Cost of Revenue | US$1.24b |
| Gross Profit | US$848.72m |
| Expenses | US$717.94m |
| Earnings | US$130.78m |
Last Reported Earnings
Oct 23, 2021
Next Earnings Date
Feb 15, 2022
| Earnings per share (EPS) | 2.98 |
| Gross Margin | 40.60% |
| Net Profit Margin | 6.26% |
| Debt/Equity Ratio | 0% |
How did LZB perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield20%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:34 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/10/23 |
| Annual Earnings | 2021/04/24 |
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.