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.
IPO Year:
Exchange: NYSE
Website: la-z-boy.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/21/2024 | $43.00 | Buy → Neutral | Sidoti |
8/25/2022 | Outperform → Mkt Perform | Raymond James | |
2/17/2022 | $46.00 → $40.00 | Outperform | Raymond James |
Sidoti downgraded La-Z-Boy from Buy to Neutral and set a new price target of $43.00
Raymond James downgraded La-Z-Boy from Outperform to Mkt Perform
Raymond James reiterated coverage of La-Z-Boy with a rating of Outperform and set a new price target of $40.00 from $46.00 previously
MONROE, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Matt Baer has been named to the company's Board of Directors, effective January 1, 2025. The appointment will expand the Board to 11 members. Mr. Baer is a seasoned and customer-centric executive who brings extensive retail leadership experience across a variety of disciplines to the Board. He currently serves as Chief Executive Officer of Stitch Fix (NASDAQ:SFIX), the leading online personal styling service, where he is driving a transformation effort. Mr. Baer joined Stitch Fix from Macy's, where he served as the
Fiscal 2025 First Quarter Highlights: Consolidated delivered sales of $496 million Up 3% versus prior year Wholesale segment sales increased 5% on growth to external customersDelivered sales and Non-GAAP(1) operating margin in line with guidanceGAAP diluted EPS of $0.61 Non-GAAP(1) diluted EPS of $0.62 Generated $52 million in operating cash flow for the quarter MONROE, Mich., Aug. 20, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today reported first quarter results for the period ended July 27, 2024. For the quarter, sales totaled $496 million, an increase of 3% against the prior year comparable period
MONROE, Mich., Aug. 06, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 First Quarter results for the period ended July 27, 2024 after the close of trading on the New York Stock Exchange on Tuesday, August 20, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, August 21, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 598802. The call will be webcast live, with corresponding slides, and archived on the inter
Fiscal 2024 Fourth Quarter Highlights: Consolidated delivered sales of $554 million Up 22% versus most recent pre-pandemic fourth quarter (Fiscal 2019 Fourth Quarter)Down 1% versus prior year GAAP diluted EPS of $0.91 Non-GAAP(1) diluted EPS of $0.95 Generated $53 million in operating cash flow for the quarterGrew company-owned La-Z-Boy Furniture Galleries® network by three stores (including two acquired independent La-Z-Boy Furniture Galleries® stores) Fiscal 2024 Highlights: Consolidated delivered sales of $2.05 billionGross margin expansion on GAAP and Non-GAAP(1) basis, across all segmentsGAAP diluted EPS of $2.83 Non-GAAP(1) diluted EPS of $2.98 Generated $158 million in operating ca
MONROE, Mich., June 03, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2024 Fourth Quarter and Full Year results for the period ended April 27, 2024 after the close of trading on the New York Stock Exchange on Monday, June 17, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Tuesday, June 18, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 175127. The call will be webcast live, with corresponding slides, and archived
MONROE, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, today declared a quarterly cash dividend on the company's common stock of $0.20 per share. The dividend will be paid on June 14, 2024 to shareholders of record as of June 4, 2024. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] About La-Z-Boy:La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture man
HIGH POINT, N.C., April 19, 2024 (GLOBE NEWSWIRE) -- England Inc., a leader in customized upholstery with fast speed to market, and a subsidiary of La-Z-Boy Incorporated (NYSE:LZB), celebrated its 60th anniversary with a ribbon cutting ceremony at Furniture Market in High Point, NC this week. Terry England, President, England Inc., Tj Linz, President, Portfolio Brands, La-Z-Boy Incorporated, Melinda Whittington, President and CEO, La-Z-Boy Incorporated, employees, customers, and suppliers all participated in the celebratory event. England continues to benefit from consumers' preference for differentiation with its customized upholstery offering, which is a key competitive advantage for the
MONROE, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, today announced that Melinda D. Whittington, President and Chief Executive Officer, and Bob Lucian, Senior VP and Chief Financial Officer, will present at the Raymond James 45th Annual Institutional Investors Conference held at the JW Marriott Grande Lakes in Orlando, Florida. The presentation will be webcast live on Monday March 4, 2024, at 1:40 p.m. Eastern Time and archived on the Company's investor relations website at https://lazboy.gcs-web.com/. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] Abo
La-Z-Boy Reports Fiscal 2024 Third Quarter Results Consolidated delivered sales of $500 million Up 5% versus our most recent pre-pandemic third quarterDown 13% versus year ago period Results impacted by winter weather events in JanuaryGross margin expansion on GAAP and Non-GAAP basis, across all segmentsGAAP diluted EPS of $0.66 Non-GAAP diluted EPS of $0.67 Generated $48 million in operating cash flow for the quarter; $105 million year to dateAcquired six independent La-Z-Boy Furniture Galleries® stores Additional two-store acquisition planned for fourth quarter MONROE, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and ret
MONROE, Mich., Feb. 09, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, today released its fiscal year 2023 Sustainability Report: Delivering Sustainable Comfort. The report provides a comprehensive overview of the Company's commitments, objectives, and the steps taken to achieve them. It also outlines its sustainability efforts to improve the Company's environmental footprint, and its dedication to social responsibility and ethical governance. "I am proud of the sustainability efforts across our organization consistent with our mission, purpose, and values to empower courage for a sustainable culture,
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MONROE, Mich., Sept. 16, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today announced that Matt Baer has been named to the company's Board of Directors, effective January 1, 2025. The appointment will expand the Board to 11 members. Mr. Baer is a seasoned and customer-centric executive who brings extensive retail leadership experience across a variety of disciplines to the Board. He currently serves as Chief Executive Officer of Stitch Fix (NASDAQ:SFIX), the leading online personal styling service, where he is driving a transformation effort. Mr. Baer joined Stitch Fix from Macy's, where he served as the
CHARLOTTE, N.C., Nov. 30, 2022 /PRNewswire/ -- Tipperary Sales, d.b.a. La-Z-Boy Home Furnishings & Décor, announces the appointment of Heather Morin as Chief Financial Officer. "The Tipperary CFO role is a high-level strategic partnership serving with the CEO and leadership team to further the mission of the company," says Martha Brown CEO Tipperary Sales. "In this role, Ms. Morin will manage financial elements of the company while also collaborating with key executives on initiatives that better support business operations and growth for the next iteration of company success." Most recently with Cherry Bekaert, Morin brings more than twenty years of public accounting and consulting expertis
Fiscal 2025 First Quarter Highlights: Consolidated delivered sales of $496 million Up 3% versus prior year Wholesale segment sales increased 5% on growth to external customersDelivered sales and Non-GAAP(1) operating margin in line with guidanceGAAP diluted EPS of $0.61 Non-GAAP(1) diluted EPS of $0.62 Generated $52 million in operating cash flow for the quarter MONROE, Mich., Aug. 20, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the retail and manufacture of residential furniture, today reported first quarter results for the period ended July 27, 2024. For the quarter, sales totaled $496 million, an increase of 3% against the prior year comparable period
MONROE, Mich., Aug. 06, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2025 First Quarter results for the period ended July 27, 2024 after the close of trading on the New York Stock Exchange on Tuesday, August 20, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, August 21, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 598802. The call will be webcast live, with corresponding slides, and archived on the inter
Fiscal 2024 Fourth Quarter Highlights: Consolidated delivered sales of $554 million Up 22% versus most recent pre-pandemic fourth quarter (Fiscal 2019 Fourth Quarter)Down 1% versus prior year GAAP diluted EPS of $0.91 Non-GAAP(1) diluted EPS of $0.95 Generated $53 million in operating cash flow for the quarterGrew company-owned La-Z-Boy Furniture Galleries® network by three stores (including two acquired independent La-Z-Boy Furniture Galleries® stores) Fiscal 2024 Highlights: Consolidated delivered sales of $2.05 billionGross margin expansion on GAAP and Non-GAAP(1) basis, across all segmentsGAAP diluted EPS of $2.83 Non-GAAP(1) diluted EPS of $2.98 Generated $158 million in operating ca
MONROE, Mich., June 03, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its Fiscal 2024 Fourth Quarter and Full Year results for the period ended April 27, 2024 after the close of trading on the New York Stock Exchange on Monday, June 17, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Tuesday, June 18, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 175127. The call will be webcast live, with corresponding slides, and archived
MONROE, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, today declared a quarterly cash dividend on the company's common stock of $0.20 per share. The dividend will be paid on June 14, 2024 to shareholders of record as of June 4, 2024. Investor Relations Contact:Mark Becks, CFA, (734) [email protected] About La-Z-Boy:La-Z-Boy Incorporated brings the transformational power of comfort to people, homes, and communities around the world - a mission that began when its founders invented the iconic recliner in 1927. Today, the company operates as a vertically integrated furniture man
La-Z-Boy Reports Fiscal 2024 Third Quarter Results Consolidated delivered sales of $500 million Up 5% versus our most recent pre-pandemic third quarterDown 13% versus year ago period Results impacted by winter weather events in JanuaryGross margin expansion on GAAP and Non-GAAP basis, across all segmentsGAAP diluted EPS of $0.66 Non-GAAP diluted EPS of $0.67 Generated $48 million in operating cash flow for the quarter; $105 million year to dateAcquired six independent La-Z-Boy Furniture Galleries® stores Additional two-store acquisition planned for fourth quarter MONROE, Mich., Feb. 20, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and ret
MONROE, Mich., Feb. 09, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, today released its fiscal year 2023 Sustainability Report: Delivering Sustainable Comfort. The report provides a comprehensive overview of the Company's commitments, objectives, and the steps taken to achieve them. It also outlines its sustainability efforts to improve the Company's environmental footprint, and its dedication to social responsibility and ethical governance. "I am proud of the sustainability efforts across our organization consistent with our mission, purpose, and values to empower courage for a sustainable culture,
MONROE, Mich., Feb. 06, 2024 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its third quarter fiscal 2024 results for the period ended January 27, 2024 after the close of trading on the New York Stock Exchange on Tuesday, February 20, 2024, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Wednesday, February 21, 2024. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 355765. The call will be webcast live, with corresponding slides, and archived on th
La-Z-Boy Reports Fiscal 2024 Second Quarter Results La-Z-Boy Furniture Galleries® network written same-store sales increased 1%GAAP diluted EPS of $0.63; Non-GAAP diluted EPS of $0.74Year to date operating cash flow of $57 million, 84% above year ago periodDividend increased 10% over the prior dividend to $0.20 per share MONROE, Mich., Nov. 29, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB), a global leader in the manufacture and retail of residential furniture, today reported second quarter results for the period ended October 28, 2023. Sales totaled $511 million, on the high end of guidance provided last quarter and a d
MONROE, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- La-Z-Boy Incorporated (NYSE:LZB) will report its second quarter fiscal 2024 results for the period ended October 28, 2023 after the close of trading on the New York Stock Exchange on Wednesday, November 29, 2023, and will hold its quarterly investor conference call at 8:30 a.m. Eastern Time the following day, Thursday, November 30, 2023. The dial-in phone number for the live conference call will be (888) 506-0062 for persons calling from within the U.S. or Canada, and the number for international callers will be (973) 528-0011. The participant access code is 126177. The call will be webcast live, with corresponding slides, and archived on
As of June 20, 2024, four stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here's the latest list of major overbought players in this sector. La-Z-Boy Inc (NYSE:LZB) On June 17, La-Z-Boy reported better than expected fourth
Gainers Vacasa (NASDAQ:VCSA) shares rose 25.4% to $5.67 during Wednesday's regular session. The company's market cap stands at $81.9 million. La-Z-Boy (NYSE:LZB) shares increased by 19.22% to $40.65. The market value of their outstanding shares is at $1.7 billion. The company's, Q4 earnings came out 2 days ago. China Liberal Education (NASDAQ:CLEU) stock increased by 16.59% to $2.77. The company's market cap stands at $9.2 million. Chewy (NYSE:CHWY) stock increased by 13.89% to $25.98. The company's market cap stands at $11.3 billion. Volcon (NASDAQ:VLCN) stock moved upwards by 12.53% to $4.13. The company's market cap stands at $1.2 million. Lixiang Education Hldg (NASDAQ:LXEH) stock
Gainers Chegg (NYSE:CHGG) stock increased by 16.9% to $3.05 during Wednesday's pre-market session. The company's market cap stands at $311.7 million. La-Z-Boy (NYSE:LZB) stock rose 14.25% to $38.95. The market value of their outstanding shares is at $1.6 billion. The company's, Q4 earnings came out 2 days ago. 2U (NASDAQ:TWOU) stock increased by 10.74% to $6.7. The company's market cap stands at $18.7 million. Lottery.com (NASDAQ:LTRY) shares rose 10.72% to $1.65. The market value of their outstanding shares is at $7.8 million. Boqii Holding (AMEX:BQ) shares rose 10.2% to $0.54. The market value of their outstanding shares is at $2.4 million. China Liberal Education (NASDAQ:CLEU) share
Shares of Quantum Corporation (NASDAQ:QMCO) fell sharply during Tuesday's session after the company reported worse-than-expected FY24 financial results and issued FY25 guidance below estimates. Quantum shares dipped 44.5% to $0.43 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Reliance Global Group, Inc. (NASDAQ:RELI) shares jumped 350% to $1.00 after the company issued an update on the pending acquisition of Spetner Associates. NLS Pharmaceutics AG (NASDAQ:NLSP) shares rose 166% to $0.3930 after jumping 30% on Monday. Actelis Networks, Inc. (NASDAQ:ASNS) climbed 80.9% to $2.08 after the company announced a partnership with Carahsoft Tech
Gainers Volcon (NASDAQ:VLCN) stock moved upwards by 27.5% to $4.68 during Tuesday's regular session. The company's market cap stands at $1.4 million. La-Z-Boy (NYSE:LZB) shares moved upwards by 17.95% to $40.21. The market value of their outstanding shares is at $1.7 billion. As per the press release, Q4 earnings came out yesterday. Chewy (NYSE:CHWY) stock increased by 17.88% to $26.89. The market value of their outstanding shares is at $11.7 billion. China Liberal Education (NASDAQ:CLEU) stock moved upwards by 17.01% to $2.79. The company's market cap stands at $9.3 million. Chegg (NYSE:CHGG) stock increased by 15.7% to $3.02. The company's market cap stands at $308.6 million. Vacasa
U.S. stocks were slightly higher, with the Dow Jones index gaining around 0.1% on Tuesday. Shares of Patterson Companies, Inc. (NASDAQ:PDCO) rose sharply during Tuesday's session following quarterly results. Patterson Cos posted adjusted earnings of 82 cents per share on sales of $1.723 billion, according to data from Benzinga Pro. Patterson Companies shares climbed 9.7% to $25.06 on Tuesday. Here are some other big stocks recording gains in today’s session. Silk Road Medical, Inc (NASDAQ:SILK) shares climbed 23.8% to $26.83 after the company entered a definitive deal to be acquired by Boston Scientific for $27.50 per share. La-Z-Boy Incorporated (NYSE:LZB) surged 17.7% to
ITCI: 13% | Intra-Cellular Therapies shares are trading higher after the company announced topline results from its second Phase 3 trial evaluating Lumateperone as adjunctive therapy for patients with major depressive disorder, meeting primary and key secondary endpoints. LZB: 13% | La-Z-Boy shares are trading higher following better-than-expected Q4 earnings. ASNS: 178% | Actelis Announces Agreement With Carahsoft For Carahsoft To Serve As Its Public Sector Distributor
Gainers Chegg (NYSE:CHGG) stock increased by 19.9% to $3.13 during Tuesday's pre-market session. The market value of their outstanding shares is at $319.9 million. Volcon (NASDAQ:VLCN) shares rose 14.43% to $4.2. The market value of their outstanding shares is at $1.2 million. Boqii Holding (AMEX:BQ) shares increased by 12.04% to $0.55. The company's market cap stands at $2.5 million. Lottery.com (NASDAQ:LTRY) shares increased by 10.72% to $1.65. The market value of their outstanding shares is at $7.8 million. La-Z-Boy (NYSE:LZB) stock increased by 9.85% to $37.45. The company's market cap stands at $1.5 billion. As per the news, the Q4 earnings report came out yesterday. ToughBuilt In
Tech optimism hasn’t worn out yet, with the Nasdaq futures pointing to a strong start for these stocks, while the Dow and S&P 500 futures were modestly lower. Sentiment going into the session will largely hinge on the retail sales report that is due ahead of the market open and a slew of speeches by Federal Reserve officials. Traders may also keep an eye on the Congressional Budget Office’s updated fiscal-year budge. Analysts are confident of the upward momentum carrying the market through the year, premising their optimism on the likelihood of Fed rate cuts amid easing inflation and the artificial intelligence-driven rally accelerating. The main risk the market faces now is the concentr