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. More Details
Flawless balance sheet with solid track record.
Share Price & News
How has La-Z-Boy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LZB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: LZB's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: LZB underperformed the US Consumer Durables industry which returned 36.8% over the past year.
Return vs Market: LZB underperformed the US Market which returned 33.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is La-Z-Boy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StTrade Alert: The Senior VP & President of La-Z-Boy Portfolio Brands Of La-Z-Boy Incorporated (NYSE:LZB), Otis Sawyer, Has Sold Some Shares Recently
3 weeks ago | Simply Wall StLa-Z-Boy (NYSE:LZB) Could Be A Buy For Its Upcoming Dividend
1 month ago | Simply Wall StLa-Z-Boy's (NYSE:LZB) five-year earnings growth trails the notable shareholder returns
Is La-Z-Boy undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LZB ($33.15) is trading below our estimate of fair value ($44.35)
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 (11.6x) compared to the US Consumer Durables industry average (11x).
PE vs Market: LZB is good value based on its PE Ratio (11.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: LZB is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: LZB's PB Ratio (1.9x) is in line with the US Consumer Durables industry average.
How is La-Z-Boy forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LZB's forecast earnings growth (6.3% per year) is above the savings rate (2%).
Earnings vs Market: LZB's earnings (6.3% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: LZB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LZB's revenue (3.9% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: LZB's revenue (3.9% 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 (18%).
How has La-Z-Boy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LZB has high quality earnings.
Growing Profit Margin: LZB's current net profit margins (6.4%) are higher than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: LZB's earnings have grown by 2.3% per year over the past 5 years.
Accelerating Growth: LZB's earnings growth over the past year (96.4%) exceeds its 5-year average (2.3% per year).
Earnings vs Industry: LZB earnings growth over the past year (96.4%) exceeded the Consumer Durables industry 71.4%.
Return on Equity
High ROE: LZB's Return on Equity (16.8%) is considered low.
How is La-Z-Boy's financial position?
Financial Position Analysis
Short Term Liabilities: LZB's short term assets ($937.3M) exceed its short term liabilities ($652.3M).
Long Term Liabilities: LZB's short term assets ($937.3M) exceed its long term liabilities ($392.7M).
Debt to Equity History and Analysis
Debt Level: LZB is debt free.
Reducing Debt: LZB had no debt 5 years ago.
Debt Coverage: LZB has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LZB has no debt, therefore coverage of interest payments is not a concern.
What is La-Z-Boy current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LZB's dividend (1.81%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: LZB's dividend (1.81%) is low compared to the top 25% of dividend payers in the US market (3.6%).
Stability and Growth of Payments
Stable Dividend: LZB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LZB's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.5%), LZB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LZB's dividends in 3 years are forecast to be well covered by earnings (19.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Melinda Whittington (53 yo)
Ms. Melinda D. Whittington serves as President, Chief Executive Officer and Director of La-Z-Boy Incorporated since April 25, 2021. She had been Senior Vice President and Chief Financial Officer of La-Z-Bo...
CEO Compensation Analysis
Compensation vs Market: Melinda's total compensation ($USD2.19M) is below average for companies of similar size in the US market ($USD3.69M).
Compensation vs Earnings: Melinda's compensation has increased by more than 20% in the past year.
Experienced Management: LZB's management team is considered experienced (2.4 years average tenure).
Experienced Board: LZB's board of directors are considered experienced (5.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
La-Z-Boy Incorporated's company bio, employee growth, exchange listings and data sources
- Name: La-Z-Boy Incorporated
- Ticker: LZB
- Exchange: NYSE
- Founded: 1927
- Industry: Home Furnishings
- Sector: Consumer Durables
- Market Cap: US$1.476b
- Shares outstanding: 44.32m
- Website: https://www.la-z-boy.com
Number of Employees
- La-Z-Boy Incorporated
- One La-Z-Boy Drive
- United States
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 intern...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/20 22:28|
|End of Day Share Price||2021/09/20 00:00|
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.