La Z Boy Incorporated Stock Today
| LZB Stock | USD 32.98 0.27 0.83% |
Performance0 of 100
| Odds Of DistressLess than 8
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La Z is trading at 32.98 as of the 19th of April 2024, a 0.83% increase since the beginning of the trading day. The stock's open price was 32.71. La Z has only a 8 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for La Z Boy Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Consumer Durables & Apparel | IPO Date 5th of January 1988 | Category Consumer Cyclical | Classification Consumer Discretionary |
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 Incorporated was founded in 1927 and is based in Monroe, Michigan. The company has 42.64 M outstanding shares of which 2.5 M shares are now shorted by investors with about 4.83 days to cover. More on La Z Boy Incorporated
Follow Valuation Options Odds of Bankruptcy
Financial Report 18th of June 2024
LZB Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. La Z's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding La Z or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Kurt Darrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Consumer Goods (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Household Durables, Furnishings, Fixtures & Appliances, Consumer Discretionary, NYSE Composite, SP Small-Cap 600, Consumer Goods, Consumer Discretionary, Household Durables, Furnishings, Fixtures & Appliances, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering La Z report their recommendations after researching La Z's financial statements, talking to executives and customers, or listening in on La Z's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering La Z Boy. The LZB consensus assessment is calculated by taking the average forecast from all of the analysts covering La Z. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from La Z's financial statements, La Z Boy Incorporated is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of La Z Boy is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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La Z's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to La Z's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand La Z's financial leverage. It provides some insight into what part of La Z's total assets is financed by creditors.
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La Z Boy Incorporated (LZB) is traded on New York Stock Exchange in USA. It is located in One La-Z-Boy Drive, Monroe, MI, United States, 48162-5138 and employs 10,500 people. La Z is listed under Household Durables category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 1.41 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate La Z's market, we take the total number of its shares issued and multiply it by La Z's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. La Z Boy runs under Household Durables sector within Consumer Discretionary industry. The entity has 42.64 M outstanding shares of which 2.5 M shares are now shorted by investors with about 4.83 days to cover.
La Z Boy Incorporated has about 343.37 M in cash with 205.17 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.91.
Check La Z Probability Of Bankruptcy
Ownership AllocationLa Z Boy Incorporated shows a total of 42.64 Million outstanding shares. The majority of La Z Boy outstanding shares are owned by institutions. These other corporate entities are usually referred to as non-private investors looking to shop for positions in La Z Boy Incorporated to benefit from reduced commissions. Therefore, outside corporations are subject to a different set of regulations than regular investors in La Z Boy. Please pay attention to any change in the institutional holdings of La Z as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check LZB Ownership Details
LZB Stock Price Odds Analysis
What are La Z's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of La Z jumping above the current price in 90 days from now is close to 99%. The La Z Boy Incorporated probability density function shows the probability of La Z stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.8646. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, La Z will likely underperform. Additionally, la Z Boy Incorporated has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of La Z to move above the current price in 90 days from now is close to 99 (This La Z Boy Incorporated probability density function shows the probability of LZB Stock to fall within a particular range of prices over 90 days) .
LZB Stock Institutional Holders
Institutional Holdings refers to the ownership stake in La Z that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of La Z's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing La Z's value.| Instituion | Recorded On | Shares | |
| First Trust Advisors L.p. | 2023-12-31 | 789.3 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 763.8 K | |
| American Century Companies Inc | 2023-12-31 | 707.4 K | |
| Schroder Investment Management Group | 2023-12-31 | 692 K | |
| Arrowstreet Capital Limited Partnership | 2023-12-31 | 651.2 K | |
| Scopus Asset Management, Llc | 2023-12-31 | 635 K | |
| Systematic Financial Management Lp | 2023-12-31 | 555.5 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 553.7 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 551.6 K | |
| Blackrock Inc | 2023-12-31 | 6.9 M | |
| Vanguard Group Inc | 2023-12-31 | 5.1 M |
La Z Historical Income Statement
La Z Boy Incorporated Income Statement is one of the three primary financial statements used for reporting LZB's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of La Z Boy revenue and expense. La Z Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, La Z's Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 632.5 K, whereas Total Revenue is forecasted to decline to about 1.5 B. View More FundamentalsLZB Stock Against Markets
Picking the right benchmark for La Z stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in La Z stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for La Z is critical whether you are bullish or bearish towards La Z Boy Incorporated at a given time. Please also check how La Z's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in La Z without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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La Z Corporate Directors
La Z corporate directors refer to members of a La Z board of directors. The board of directors generally takes responsibility for the La Z's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of La Z's board members must vote for the resolution. The La Z board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| James Hackett | Independent Director | Profile | |
| Richard Gabrys | Lead Independent Director | Profile | |
| David Hehl | Independent Director | Profile | |
| Warren McCollough | Lead Independent Director | Profile |
How to buy LZB Stock?
Before investing in La Z, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in La Z. To buy La Z stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of La Z. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase La Z stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located La Z Boy Incorporated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased La Z Boy Incorporated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as La Z Boy Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy LZB Stock please use our How to Invest in La Z guide.
Already Invested in La Z Boy Incorporated?
The danger of trading La Z Boy Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of La Z is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than La Z. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile La Z Boy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether La Z Boy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of La Z's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of La Z Boy Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on La Z Boy Incorporated Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in La Z Boy Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the La Z Boy information on this page should be used as a complementary analysis to other La Z's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for LZB Stock analysis
When running La Z's price analysis, check to measure La Z's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy La Z is operating at the current time. Most of La Z's value examination focuses on studying past and present price action to predict the probability of La Z's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move La Z's price. Additionally, you may evaluate how the addition of La Z to your portfolios can decrease your overall portfolio volatility.
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Is La Z's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of La Z. If investors know LZB will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about La Z listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 0.745 | Earnings Share 2.7 | Revenue Per Share 47.71 | Quarterly Revenue Growth (0.13) |
The market value of La Z Boy is measured differently than its book value, which is the value of LZB that is recorded on the company's balance sheet. Investors also form their own opinion of La Z's value that differs from its market value or its book value, called intrinsic value, which is La Z's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because La Z's market value can be influenced by many factors that don't directly affect La Z's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between La Z's value and its price as these two are different measures arrived at by different means. Investors typically determine if La Z is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, La Z's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.