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.
Flawless balance sheet and good value.
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's share price has been volatile over the past 3 months.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: LZB underperformed the US Consumer Durables industry which returned -30.6% over the past year.
Return vs Market: LZB underperformed the US Market which returned -13.3% over the past year.
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
3 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At La-Z-Boy Incorporated's (NYSE:LZB) P/E Ratio
1 month ago | Simply Wall StLa-Z-Boy Incorporated Just Recorded A 24% EPS Beat: Here's What Analysts Are Forecasting Next
1 month ago | Simply Wall StIs La-Z-Boy Incorporated's (NYSE:LZB) CEO Paid Enough Relative To Peers?
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 ($19.81) is trading below our estimate of fair value ($58.46)
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 (12.1x) compared to the Consumer Durables industry average (6.6x).
PE vs Market: LZB is good value based on its PE Ratio (12.1x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: LZB is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: LZB is overvalued based on its PB Ratio (1.3x) compared to the US Consumer Durables industry average (0.7x).
How is La-Z-Boy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LZB's forecast earnings growth (16.6% per year) is above the savings rate (1.7%).
Earnings vs Market: LZB's earnings (16.6% per year) are forecast to grow faster than the US market (13.4% per year).
High Growth Earnings: LZB's earnings are forecast to grow, but not significantly.
Revenue vs Market: LZB's revenue (4.6% per year) is forecast to grow slower than the US market (7% per year).
High Growth Revenue: LZB's revenue (4.6% 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 (15.2%).
How has La-Z-Boy performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LZB has a large one-off loss of $31.7M impacting its January 25 2020 financial results.
Growing Profit Margin: LZB's current net profit margins (4.3%) are lower than last year (5.9%).
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 has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LZB had negative earnings growth (-23.9%) over the past year, making it difficult to compare to the Consumer Durables industry average (10%).
Return on Equity
High ROE: LZB's Return on Equity (10.6%) is considered low.
How is La-Z-Boy's financial position?
Financial Position Analysis
Short Term Liabilities: LZB's short term assets ($603.3M) exceed its short term liabilities ($328.5M).
Long Term Liabilities: LZB's short term assets ($603.3M) exceed its long term liabilities ($384.6M).
Debt to Equity History and Analysis
Debt Level: LZB is debt free.
Reducing Debt: LZB has no debt compared to 5 years ago when its debt to equity ratio was 0.02%.
Debt Coverage: LZB has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: LZB has no debt, therefore coverage of interest payments is not a concern.
What is La-Z-Boy's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LZB's dividend (2.83%) is higher than the bottom 25% of dividend payers in the US market (2.01%).
High Dividend: LZB's dividend (2.83%) is low compared to the top 25% of dividend payers in the US market (5.66%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, LZB has been paying a dividend for less than 10 years.
Growing Dividend: LZB's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.3%), LZB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LZB's dividends in 3 years are forecast to be well covered by earnings (25.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kurt Darrow (64yo)
Mr. Kurt L. Darrow has been the President and Chief Executive Officer at La-Z-Boy Inc. since September 9, 2003. Mr. Darrow served as the President of La-Z-Boy Residential, flagship brand and largest divisi ...
CEO Compensation Analysis
Compensation vs Market: Kurt's total compensation ($USD6.56M) is above average for companies of similar size in the US market ($USD3.25M).
Compensation vs Earnings: Kurt's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Senior VP & CFO||1.83yrs||US$2.50m||0.071% $649.6k|
|Senior VP & COO||0.92yr||US$1.98m||0.097% $888.8k|
|Senior VP & President of La-Z-Boy Portfolio Brands||12.17yrs||US$1.54m||0.24% $2.2m|
|VP, Corporate Controller & Chief Accounting Officer||2.67yrs||no data||0.015% $135.4k|
|Chief Information Officer & VP||2.83yrs||no data||no data|
|Director of Investor Relations & Corporate Communications||14.67yrs||no data||no data|
|VP, General Counsel & Corporate Secretary||1.25yrs||no data||0.016% $144.3k|
|Chief Human Resources Officer||1.67yrs||no data||no data|
|Head of Strategic Initiatives||14yrs||no data||no data|
Experienced Management: LZB's management team is considered experienced (2.8 years average tenure).
|Independent Director||23.25yrs||US$196.11k||0.13% $1.2m|
|Independent Director||14.25yrs||US$206.11k||0.10% $937.4k|
|Lead Director||4.67yrs||US$226.11k||0.10% $947.7k|
|Independent Director||10.25yrs||US$205.35k||0.094% $860.0k|
|Independent Director||3.67yrs||US$172.34k||0.020% $184.2k|
|Independent Director||11.17yrs||US$194.32k||0.088% $805.7k|
|Independent Director||6.67yrs||US$197.07k||0.041% $371.4k|
|Independent Director||3.67yrs||US$172.34k||0.020% $184.2k|
|Independent Director||0.67yr||no data||no data|
Experienced Board: LZB's board of directors are considered experienced (7.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
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$911.908m
- Shares outstanding: 46.03m
- Website: https://www.la-z-boy.com
Number of Employees
- La-Z-Boy Incorporated
- One La-Z-Boy Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LZB||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Dec 1972|
|LAZ||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Dec 1972|
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 Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. It 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 Casegoods segment imports, markets, and distributes casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces, as well as manufactures upholstered furniture. This segment sells its products to dealers, La-Z-Boy Furniture Galleries stores, and other independent retailers under the American Drew, Hammary, and Kincaid brands. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. It operates a network of 156 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/07 01:58|
|End of Day Share Price||2020/04/06 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.