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la-z-boy inc. - LZB

LZB

Close Chg Chg %
42.29 0.50 1.18%

Pre-Market

42.79

+0.50 (1.18%)

Volume: 985.90K

Last Updated:

Nov 20, 2024, 3:59 PM EDT

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Company Overview: la-z-boy inc. - LZB

LZB Key Data

Open

$45.12

 Day Range

41.68 - 45.12

52 Week Range

30.67 - 45.23

 Market Cap

$1.77B

Shares Outstanding

41.83M

 Public Float

41.30M

Beta

1.30

 Rev. Per Employee

N/A

P/E Ratio

14.57

 EPS

$2.94

Yield

189.08%

 Dividend

$0.20

EX-DIVIDEND DATE

Sep 5, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

419.16K

  

LZB Performance

1 Week
 
 -1.12%
 
1 Month
 
 2.94%
 
3 Months
 
 2.69%
 
1 Year
 
 33.64%
 
5 Years
 
 36.88%
 

LZB Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 3
Full Ratings ➔

About la-z-boy inc. - LZB

La-Z-Boy, Inc. engages in the production, manufacturing, and distribution of residential furniture. It operates through the following business segments: Wholesale, Retail, and Corporate and Other. 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 case goods furniture, such as occasional pieces, bedroom sets, dining room sets, and entertainment centers. The Retail segment sells upholstered furniture, in addition to some case goods and other accessories to the end consumer through its company-owned La-Z-Boy Furniture Galleries stores. The Corporate and Other segment includes the shared costs for corporate functions, including human resources, information technology, finance, and legal. The company was founded by Edwards M. Knabusch and Edwin J. Shoemaker in 1927 and is headquartered in Monroe, MI.

LZB At a Glance

La-Z-Boy, Inc.
One La-Z-Boy Drive
Monroe, Michigan 48162-5138
Phone 1-734-242-1444 Revenue 2.05B
Industry Home Furnishings Net Income 122.63M
Sector Consumer Durables Employees 10,200
Fiscal Year-end 04 / 2025
View SEC Filings

LZB Valuation

P/E Current 14.565
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 11.686
Price to Sales Ratio 0.70
Price to Book Ratio 1.401
Price to Cash Flow Ratio 9.062
Enterprise Value to EBITDA 5.672
Enterprise Value to Sales 0.771
Total Debt to Enterprise Value 0.306

LZB Efficiency

Revenue/Employee 200,688.922
Income Per Employee 12,022.157
Receivables Turnover 11.715
Total Asset Turnover 1.083

LZB Liquidity

Current Ratio 1.914
Quick Ratio 1.312
Cash Ratio 0.796

LZB Profitability

Gross Margin 43.071
Operating Margin 7.514
Pretax Margin 8.097
Net Margin 5.99
Return on Assets 6.489
Return on Equity 12.61
Return on Total Capital 8.249
Return on Invested Capital 9.019

LZB Capital Structure

Total Debt to Total Equity 48.208
Total Debt to Total Capital 32.527
Total Debt to Total Assets 25.271
Long-Term Debt to Equity 40.47
Long-Term Debt to Total Capital 27.306
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for La-z-boy Inc. - LZB

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
1.73B 2.36B 2.35B 2.05B
Sales Growth
+1.78% +35.90% -0.31% -12.87%
Cost of Goods Sold (COGS) incl D&A
993.98M 1.44B 1.34B 1.17B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
33.02M 112.29M 116.52M 124.55M
Depreciation
31.70M 111.24M 115.51M 123.53M
Amortization of Intangibles
1.32M 1.05M 1.01M 1.02M
COGS Growth
+1.16% +44.96% -6.95% -13.08%
Gross Income
740.26M 915.97M 1.01B 881.67M
Gross Income Growth
+2.61% +23.74% +10.12% -12.59%
Gross Profit Margin
+42.68% +38.86% +42.93% +43.07%
2021 2022 2023 2024 5-year trend
SG&A Expense
603.52M 709.21M 797.26M 727.85M
Research & Development
7.60M 9.00M 9.10M 9.60M
Other SG&A
595.92M 700.21M 788.16M 718.25M
SGA Growth
+4.81% +17.51% +12.41% -8.71%
Other Operating Expense
- - - -
-
Unusual Expense
- - 10.30M 3.02M
-
EBIT after Unusual Expense
136.74M 206.76M 201.14M 150.80M
Non Operating Income/Expense
10.57M (370.00K) 5.19M 15.41M
Non-Operating Interest Income
1.10M 1.34M 6.67M 15.48M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
1.39M 895.00K 536.00K 455.00K
Interest Expense Growth
+7.67% -35.61% -40.11% -15.11%
Gross Interest Expense
1.39M 895.00K 536.00K 455.00K
Interest Capitalized
- - - -
-
Pretax Income
145.91M 205.49M 205.79M 165.75M
Pretax Income Growth
+26.69% +40.83% +0.15% -19.46%
Pretax Margin
+8.41% +8.72% +8.76% +8.10%
Income Tax
38.38M 53.16M 53.85M 41.12M
Income Tax - Current - Domestic
24.80M 39.98M 42.29M 39.46M
Income Tax - Current - Foreign
4.45M 11.63M 7.24M 4.53M
Income Tax - Deferred - Domestic
9.11M 3.36M 6.50M (1.85M)
Income Tax - Deferred - Foreign
21.00K (1.82M) (2.18M) (1.03M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - (46.00K) (7.00K)
-
Consolidated Net Income
107.48M 152.32M 151.94M 124.64M
Minority Interest Expense
1.07M 2.31M 1.28M 2.01M
Net Income
106.42M 150.01M 150.66M 122.63M
Net Income Growth
+37.57% +40.97% +0.44% -18.61%
Net Margin Growth
+6.14% +6.36% +6.41% +5.99%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
106.42M 150.01M 150.66M 122.63M
Preferred Dividends
- - - -
-
Net Income Available to Common
106.42M 150.01M 150.66M 122.63M
EPS (Basic)
2.3142 3.4075 3.4918 2.8599
EPS (Basic) Growth
+38.82% +47.24% +2.47% -18.10%
Basic Shares Outstanding
45.98M 44.02M 43.15M 42.88M
EPS (Diluted)
2.2951 3.3867 3.4844 2.8333
EPS (Diluted) Growth
+38.67% +47.56% +2.88% -18.69%
Diluted Shares Outstanding
46.37M 44.29M 43.24M 43.28M
EBITDA
169.76M 319.05M 327.96M 278.37M
EBITDA Growth
-30.56% +87.94% +2.79% -15.12%
EBITDA Margin
+9.79% +13.54% +13.96% +13.60%

Snapshot

Average Recommendation HOLD Average Target Price 43.00
Number of Ratings 3 Current Quarters Estimate 0.703
FY Report Date 01 / 2025 Current Year's Estimate 2.96
Last Quarter’s Earnings 0.71 Median PE on CY Estimate N/A
Year Ago Earnings 2.98 Next Fiscal Year Estimate 3.373
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 3 3 3 3
Mean Estimate 0.70 1.00 2.96 3.37
High Estimates 0.74 1.00 3.00 3.57
Low Estimate 0.65 0.99 2.90 3.25
Coefficient of Variance 6.72 0.58 1.79 5.10

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 0 0 0
OVERWEIGHT 0 0 0
HOLD 3 3 3
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Hold Hold Hold

Insider Actions for La-z-boy Inc. - LZB

Date Name Shares Transaction Value
Jul 18, 2024 Carol Y. Lee VP & Chief Information Officer 16,819 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $40.61 per share 683,019.59
Jul 16, 2024 Jennifer Lynn McCurry Chief Accounting Officer 14,736 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jul 3, 2024 Robert Sundy Pres LZB Brand CCO 36,151 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.28 per share 1,347,709.28
Jul 3, 2024 Robert G. Lucian Sr. Vice President & CFO 54,100 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.28 per share 2,016,848.00
Jul 3, 2024 Michael Leggett Sr VP & Chief Supply Chain Off 29,989 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.28 per share 1,117,989.92
Jul 3, 2024 Raphael Z. Richmond VP, GC & Chief Compliance Off 26,184 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.28 per share 976,139.52
Jul 3, 2024 Katie Vanderjagt VP & Chief HR Officer 32,289 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.28 per share 1,203,733.92
Jul 3, 2024 Terrence James Linz President, Portfolio Brands 38,324 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.28 per share 1,428,718.72
Jul 3, 2024 Melinda D. Whittington President & CEO; Director 220,050 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.28 per share 8,203,464.00
Jun 26, 2024 Raphael Z. Richmond VP, GC & Chief Compliance Off 24,593 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.99 per share 934,288.07
Jun 26, 2024 Rebecca Reeder Pres., Retail LZB Furn. Gall. 27,147 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 26, 2024 Katie Vanderjagt VP & Chief HR Officer 31,339 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 26, 2024 Raphael Z. Richmond VP, GC & Chief Compliance Off 25,857 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 26, 2024 Raphael Z. Richmond VP, GC & Chief Compliance Off 24,987 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.99 per share 949,256.13
Jun 26, 2024 Raphael Z. Richmond VP, GC & Chief Compliance Off 25,144 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 26, 2024 Raphael Z. Richmond VP, GC & Chief Compliance Off 25,076 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 26, 2024 Melinda D. Whittington President & CEO; Director 229,604 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 26, 2024 Melinda D. Whittington President & CEO; Director 220,541 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 26, 2024 Melinda D. Whittington President & CEO; Director 214,096 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.99 per share 8,133,507.04
Jun 26, 2024 Melinda D. Whittington President & CEO; Director 210,317 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $37.99 per share 7,989,942.83

La-Z-Boy Inc. in the News